Belgian fund selectors give up on bonds
The vast majority of fund selectors from Belgium expect their bond portfolios to return between 0 and 2% annually over the next 5 years, even though they are adding risk.
Fixed Income
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Pension funds embrace mutual funds
European pension funds have increased their allocation to mutual funds from 19% in 2008 to 31% in 2014, according to a research report by PwC which was commissioned by the Association of the Luxembourg Fund Industry (Alfi).
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Will rates rise? All eyes on the Fed
With the most anticipated interest rate decision of recent times imminent, it seems the Federal Reserve is firmly stuck between a rock and a hard place.
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Finns top up on high yield bonds
High yield bonds still have few rivals in Finland. Upon our researcher’s last visit, about six in ten fund selectors told her they planned to increase their exposure to the asset class.
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Fund Favourites – Philipp Dirkx
For the second edition of our new series ‘Fund Favourites‘, Philipp Dirkx, portfolio manager at Frankfurt-based BHF-BANK, reveals why he invests in the Jupiter Dynamic Bond Fund, even though he generally prefers to take charge of asset allocation himself.
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Fund Favourites – Omar Gadsby
In this new series, we ask a fund selector to pick one of his favourite funds and tell us what makes it so good. We kick off with Omar Gadsby, who chose to highlight the Muzinich Long Short Credit Yield Fund.
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Inflation-linked bond flows: up and down with the oil price
As the eurozone has been flirting with deflation this year, appetite for inflation-linked bonds has been understandably lacklustre. However, as the oil price started a surprise ascent in April, interest in the asset class rose accordingly. With the oil price now below $50 again, investors are once again abandoning the asset class.
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Danish fund buyers opt for risky bonds
While Danish investors remain bullish about the prospects for European equities, they are also in risk-on mode when it comes to bonds.
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Risk-on Danes still love Europe
The Danes are once again Europe’s most optimistic investors, with a record 83% of them having a positive macroeconomic outlook. They are in a convincing risk-on mode, with continuously high demand for European equities and relatively big appetite for risky bonds.
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“We need bond managers who can implement a short idea” – Omar Gadsby, part 2 of 2
Omar Gadsby, head of fund selection at Credit Suisse, tells EIE’s Tjibbe Hoekstra where in fixed income markets he still finds value
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‘Safe’ bond outflows accelerate
Investors have stepped up unwinding their long bond positions in June, according to the latest fund flows data provided by Morningstar. Net outflows from investment-grade bonds doubled from the previous month to €6.3bn. Net outflows of €1.5bn from high yield bond funds, the first net outflows since January, were another sign of the bearish mood…
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Gold and metals funds see $1.1bn outflows
Gold and precious metals funds saw $1.1bn of outflows over the past week, according to Bank of America Merrill Lynch.