Asset managers expect US equity collapse
The majority of fund management companies polled this month for Expert Investor’s Fund Manager Sentiment Survey expect US equities to generate negative returns in excess of -5% in dollar terms.
Investment
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Fund Favourites – Alvaro Martín Sauto
The Robeco Global Total Return Bond fund (formerly known as Robeco Rorento) combines the two most important qualities Alvaro Martín Sauto, head of funds-of-funds at Bankia, looks for in a fixed income fund: it can allocate flexibly to various asset classes, but prioritises limiting drawdowns over maximising returns.
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Investors flock to corporate bonds as markets recover
Corporate bond funds are strongly back in fashion after a long streak of outflows, as investor confidence inched up in March and the ECB announced the inclusion of corporate bonds in its QE programme. Emerging market debt even witnessed the biggest net monthly inflows in more than two years, according to Morningstar’s latest fund flows…
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Institutional investors play hard ball on fees – Cerulli
All institutional investors in Europe negotiate the fees of the alternative investments they have with asset managers, according to research by asset management consultancy Cerulli.
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Watch out for inflation in the US as a portfolio disruptor
Investors in Europe tend to be overwhelmingly focused on the risk of deflation. However, on the other side of the Atlantic inflationary pressure is building, and the Fed is more than happy to accommodate that, fund managers at Expert Investor Lisbon warned.
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Is now really the time to return to EM?
It has been the question probably most frequently asked by investors over the past few years: should I increase my allocation to emerging markets now? Each time, the eventual answer has been negative as short-lived rallies have failed to sustain themselves. Will this time be any different?
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Risky assets back in favour amid macro pessimism
An interesting paradox is becoming visible in Expert Investor’s investment sentiment data: while fund buyers’ appetite for risky assets is on the up, their macroeconomic outlook is going the other way.
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The French: Europe’s biggest optimists
The French people are not generally known for their overt optimism, but French fund buyers are defying their cultural inclinations at the moment. They have been more positive on macroeconomic prospects than any of their peers in Europe for two quarters in a row now, and are looking to increase their exposure to risky assets.
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Fund buyers warm up to high yield bonds again
European investors reduced their high yield bonds holdings by a net €12bn last winter. But the arrival of spring is heralding a change in sentiment.
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Concentration of GARS’ return drivers cause for concern – Fundhouse
Rating firm Fundhouse has voiced concerns about the lack of diversified sources of return within SLI’s GARS fund.
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Are value stocks diamonds or landmines at the moment?
The big shift from the growth style of investing into a value style has been played out a number of times, but there are reasons to believe it could be an unwise move this time around.
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Investors brace for decline in dividends
Two thirds of institutional investors expect European companies to reduce their dividends or keep them unchanged this year, according to research conducted by Source, the ETF provider.