Unconstrained bond funds have seen almost unconstrained inflows this year, according to Morningstar data. While more than 40% investors in Europe don’t use such funds, those who do invest in them tend to like them a lot.
China Post & Capital Global Asset Management plans to launch Europe’s first A-shares smart beta ETFs later this year, and possibly launch them in Asia too, said London-based managing director Danny Dolan.
The Financial Conduct Authority has raised eyebrows in some City circles by clearing the obstacles to a partial listing of Saudi Arabia’s state oil company Aramco in the UK.
Greece has returned to the bond market for the first time in three years after issuing its first five-year euro-denominated bond at a yield of around 4.75%.
Best-performing funds neither stray far from their benchmarks nor stay too close to them, but take the middle-road, according to FSA’s analysis of Asia-Pacific ex-Japan equity mutual funds.
Emerging market bonds have been on a strong run this year, and Europe’s investors think the rally isn’t over yet.
With the summer holiday break approaching, it’s a good time to look back: which funds have done best this year, and what has helped their performance? We start with the asset class that has been most in focus this year: European equities.
The exposure of global fund managers to US equities has fallen to its lowest level since January 2008, according to the BofA Merrill Lynch fund manager survey for July.
Within the fund industry, 2017 was widely heralded as ‘a year for active managers’. This was underpinned by a strong belief markets would once again focus on fundamentals, after a number of years when central bank policy and geopolitical concerns were driving asset prices. More than half-way the year, Expert Investor looks at the performance…
History indicates that a market correction in Asian equities is likely within the next three months, but investors shouldn’t stay away as the long-term outlook is positive, argues JP Morgan’s Hui Tai.
Assets invested in illiquid credit more than doubled in 2016 from $178bn to $360bn, according to a survey by investment consultancy Willis Towers Watson.
Performance fees are often seen as a necessary evil. But the unambitious hurdle rates most funds employ mean fund managers also get rewarded for underwhelming performance. Is that fair?
