Growing EM/DM split is hitting dividends
The latest Henderson Global Dividend index shows an increasing polarisation between emerging and developed markets, reflecting in particular the contrasting fortunes of the US and China.
Investment
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Dollar cash outperforms MSCI World year-to-date
If you had invested all your cash in dollars as a euro-based investor this year, you would have earned a better return than if you had emulated the MSCI World. Moreover, equity returns seem to have become completely tied to exchange rate movements.
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The winners and losers in the multi-asset revolution
While commentators are quick to praise innovation within the funds space, is there a case to say that the industry is still edging towards conservatism and risk aversion?
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Fed must hike rates now, say Finnish fund selectors
Just like all their European counterparts, apart from the dovish Swedes and Danes, Finland’s fund buyers want to see a US rate hike sooner rather than later. But what does that mean for emerging markets, one of their favourite places to invest at the moment?
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Multi-strategy funds – not the best alternative
Multi-strategy funds have a far higher correlation to global equities than long/short equity funds, and especially market-neutral funds, according to research conducted by Natixis Global Asset Management.
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Is growth still the place to be in EM equities?
Growth stocks have traditionally outperformed their value counterparts in fast-growing emerging economies, and fund selector preferences are aligned accordingly. But does this still make sense in the context of decelerating EM growth and a change from export-led to consumer-led growth?
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Efama lobby effective – EC signals MIFID II delay
The European Commission has said it is considering a delay of up to a year to the initiation of the second iteration of the Markets in Financial Instruments Directive. The European Fund and Asset Management Association (Efama) had recently been calling for such a delay.
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Footballers face £100m losses on film scheme investments
Two financial advisers are responsible for losing as many as 100 top footballers more than £100m from investing in film and property ventures.
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Institutional investors turn to convertible bonds
The majority of institutional investors in Europe plan to increase their allocation to convertible bonds in the next three years, according to a poll by NN Investment Partners.
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Investors switch from active to ETFs in government bonds
ETFs have been very quickly establishing themselves as the preferred investment vehicle for government bond investors over the past few months, an analysis of Morningstar fund flows data shows.
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Asset managers shrug off pessimism on US equities
Fund manager sentiment towards US equities had been negative for much of this year, with most asset management companies expecting a negative return over the next 12 months. But their outlook has brightened in October. Fund selectors have also started to be more constructive about the asset class.
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Catalonian independence – a nightmare for bond investors?
The prospect of Catalonian independence is already weighing on Spanish government bonds now. It will therefore likely remain a source of volatility, and is a force investors need to reckon with, says John McNeill, an unconstrained bond manager at Kames Capital.