Asset managers have head in the clouds for 2017
Asset managers see global economic growth accelerating this year, extending an eight-year equity bull market beyond 2017. Fund buyers, however, are a little more guarded.
Analysis
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ANALYSIS: New investment realities and rules await in 2017
Markets have displayed an uncanny ability to take political bombshells in their stride but the same may not be true in 2017.
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ANALYSIS: Is this the start of the euphoria we have been waiting for?
If the fund managers surveyed on a monthly basis by Bank of America Merrill Lynch are any indication, animal spirits have returned.
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Moody’s revises global AM industry outlook to negative
Moody’s has revised its outlook of the global asset management industry to negative from stable for reasons linked to regulations and the performance of active funds.
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Fed rate hike means risk rally could be short-lived – BAML
Bank of America Merrill Lynch suspects easier bank lending conditions will force the hand of the Federal Reserve to hike rates more aggressively, clipping the current risk rally.
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ANALYSIS: ECB acts but Japan lesson looms large
While EU leaders unveiled plans for a new €321m state-of-the-art ‘Europa’ Brussels HQ, over in Frankfurt the ECB was building its own foundations for change.
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Carney warns of threat to globalisation
Bank of England governor Mark Carney made reference to Karl Marx as he delivered a warning of a backlash against open markets, monetarism and globalisation.
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UK regulator slams active managers for “price clustering”
The Financial Conduct Authority has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.
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OPINION: Why the dollar bulls are mistaken
The dollar has rallied in recent days as investors believe stronger US GDP growth and Fed rate hikes will push the greenback up. But markets are ignoring the forces that are likely to drag the dollar down in the longer term.
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ANALYSIS: Volatility here to stay in the age of the ‘Toblerone’ market
Ever get the feeling you’ve been cheated? As I write, the masses are rebelling against a momentous decision that has thrown the free world off its axis… and that’s just the changing shape of the Toblerone.
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Is the Trump inspired dollar slide over already?
As Donald Trump’s win in the presidential election became inevitable overnight, the dollar fell against other major currencies but this was quickly reversed following his conciliatory victory speech.
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The Brexit debate: What exactly do we know?
As the British government struggles to trigger an exit from the European Union, fund distribution heads at some of the biggest asset managers share their thoughts on the implications for their UK and European operations.