China creating big trouble for emerging markets
The issue of the value of China’s currency versus other major currencies, particularly the US dollar, has been rumbling on for many years now.
Investment
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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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Renminbi devaluation stokes fears of future moves
The one-off depreciation of the yuan needs to be just that in order to avoid sparking a currency war and derailing the global recovery, according to industry experts.
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The ETF snowball effect: Are active managers being wiped out?
Exchange-traded Funds make trading more expensive, because they reduce liquidity of the underlying stocks in the ETF. This doesn’t only compromise investors, who are confronted with higher costs, but also makes markets less efficient. These are the main conclusions of a study conducted by three scholars from the United States and Israel*, based on data…
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European investors dump hedge funds
Institutional investors based in Europe have withdrawn $6.8bn from offshore hedge funds in the first seven months of the year, according to data compiled by Mandatewire. By contrast, North American investors have continued to pour money into the asset class.
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ETF asset growth accelerates
ETFs and ETPs listed in Europe are gathering net new assets 13% faster than in previous years, according to research consultancy ETFGI.
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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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German investors ratchet up multi-asset holdings
Investors in Germany continue to increase their investments in multi-asset funds. According to the branch organisation for the German fund industry BVI, net inflows into multi-asset funds more than doubled in the first half of this year to a record €23.8bn. Total assets invested in mixed funds have now surpassed those in bond funds for…
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Which equities will fare best in the next 5 years? Joachim Klement knows, part 2 of 2
Financial consultancy Wellershoff & Partners recently analysed the return prospects for equity markets in Asia, Europe and the US, The outcome? Europe will outperform the US by about five times.
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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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Don’t rely on active share too much, says Arild Orgland – part 2 of 2
The Norwegian financial regulator recently announced that it considers the DNB Norge fund, a supposedly actively managed fund invested in Norwegian large cap equities, a so-called closet-tracker. Orgland used the DNB Norge fund in his client portfolios until last year. He gives his view on the controversy surrounding this fund.
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“I have a preference for focused funds” – Alexandre Théry, part 2 of 2
In part two of this interview, Alexandre Théry of Auxense Gestion explains why he has a preference for focused funds, and why smart beta strategies are sometimes too clever for him.