Campaign group Better Finance has published the names of asset managers running so-called closet trackers: funds that closely hug an index. Some large asset managers are particularly well-represented on the list.
Asset and wealth managers managers have greeted the Supreme Court ruling that triggering Article 50 requires a vote in parliament with a notable lack of enthusiasm.
Once the preserve of the left, anti-globalisation sentiment has crossed over to the mainstream. Is the populist swing away from globalism a blip, or something more permanent? And what will be the impact on investors?
As European equity indices finally showed signs of life in December, investors again started to commit money to the asset class. European equity funds saw their first net inflows in 11 months according to Morningstar data.
The European Central Bank (ECB) is keeping its monetary policy unchanged, as ECB-president Mario Draghi expressed confidence that inflation in the Eurozone is “converging to our objective”.
While Theresa May was delivering her long-awaited ‘hard Brexit’ speech in London, Chinese president Xi Jinping was addressing the World Economic Forum in Davos, lauding the merits of globalisation.
Sterling’s reaction over the weekend to leaked portions of Theresa May’s speech on the UK’s Brexit plans, and its general trend since 23 June, meant few expected much strength from the pound on Tuesday.
2017 has been heralded by asset managers as the year of accelerating global growth. But CEOs aren’t having any of it. Uncertain economic growth is their top concern for this year.
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.
Markets have displayed an uncanny ability to take political bombshells in their stride but the same may not be true in 2017.
If the fund managers surveyed on a monthly basis by Bank of America Merrill Lynch are any indication, animal spirits have returned.
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.
