High yield bond ETFs more safety valve than agent of instability – Morningstar
New research by Morningstar challenges assumptions about the threat ETFs pose to the stability of high yield markets, especially during times of crisis.
Investment
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European equity managers lack consistency – a monkey would do better
Only slightly over 1% of European equity large cap funds have managed to consistently secure a top-quartile finish over the past three years, fresh research by Expert Investor reveals.
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Is there a future for single country equity funds?
European equities have been the best-selling asset class with European investors in recent history. However, this hasn’t benefited those funds that invest exclusively in equities listed in one particular European country.
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How close is the next US recession?
Things may look good right now, but they could deteriorate quickly, believes LGIM’s James Carrick. However, others believe the US economy will continue to power ahead.
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Fund Favourites – Michalis Fessas
The Morgan Stanley Global Brands Fund has generated double the returns of its benchmark over the past eight years, and with lower volatility. So little wonder this is the favourite fund of Michalis Fessas, head of fund selection at Eurobank Asset Management in Greece, ever since he joined the bank’s fund selection team in 2009.
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SLI’s Phil Barker – Gars as a curse and a blessing
The vast Gars fund remains the core of the SLI success story. We asked Phil Barker, the company’s head of global sales, what other horses he has in the race, and how he is meeting fund selectors’ needs to find differentiated funds
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GSAM refuses to throw in towel on BRICs
BRICs are still a part of broader EM exposure, said Kathryn Koch, head of global portfolio solutions at Goldman Sachs Asset Management (GSAM).
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European equities in grip of a sell-off
Short-term fund flows are known for their capricious nature. And recent months have shown that rule still holds. While flows into European equity funds were close to record highs in autumn last year, they have since edged deeply into negative territory.
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Institutional investors’ smart beta use breaks through 50% barrier
More than half of European institutional investors now use smart beta strategies, according to a study conducted by FTSE Russell. Usage of smart beta remains much more common in Europe than in the US and Asia-Pacific, though it is growing everywhere.
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Hardenberg breaks with Mobius legacy at Templeton in bid to improve performance
Carlos Hardenberg has been making radical changes to the portfolio of the £1.56bn (€2.04bn) Templeton Emerging Markets Investment Trust (TEMIT) since taking over its management from Mark Mobius in October last year, in an effort to end a string of severe underperformance.
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Is Brexit really the main cause of sterling weakness?
Sterling is down almost 10% against the euro in the past six months. Many people automatically assume this is because of fears over Brexit. However, there are probably other factors at play too.
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Brexit woes provide buying opportunity for UK equities
With investors cutting back on United Kingdom equities allocations amid fears about Brexit, an enticing contrarian opportunity is emerging.