Investors have stepped up unwinding their long bond positions in June, according to the latest fund flows data provided by Morningstar. Net outflows from investment-grade bonds doubled from the previous month to €6.3bn. Net outflows of €1.5bn from high yield bond funds, the first net outflows since January, were another sign of the bearish mood…
Equities have inarguably been the best growth trade of recent years, so why have global funds, which supposedly cherry pick the winners, consistently struggled?
Demand for liquid funds with a mandate to invest in derivative strategies appears insatiable in Europe, with net fund flows having exceeded €7bn each month since February. And a convincing majority of fund buyers wants to continue adding to their absolute return holdings, according to EIE’s latest data. But do these so-called alternative Ucits funds…
Consider the following: you come together with your investment committee, look at macroeconomic fundamentals, GDP growth trends and companies’ earnings forecasts, and you come to the conclusion that European equities are far more attractive than stocks elsewhere. However, you and your colleagues also agree that, with a rate hike in the US this year ever…
Asian institutional investors plan to further raise exposure to passive products over the next year, according to a survey by Deutsche Asset & Wealth Management.
Low volatility and value are the most commonly used smart beta factor strategies among European investors. But decorrelation approaches which combine several factors with the aim of delivering more stable returns have the highest growth potential, according to a recent survey by the EDHEC Risk institute.
International asset management companies are more bearish than ever about emerging market equities, amid worries about the effects of a Fed rate hike on the asset class and a renewed slump in commodity prices. Sentiment has dropped into negative territory, and return expectations for the asset class are now even more depressed than those for…
The concerted efforts of Japan’s bold Prime Minister Shinzo Abe and the country’s central bank to revive the country’s ailing economy have left European investors unimpressed over the past years, as gains in Japanese shares resulting from Abenomics policies were largely offset by currency depreciation. As a consequence, most European fund buyers have consistently kept…
Allocators and influencers in Asia take a positive view of managers who invest in their own funds – up to a point. Among them is Bryan Goh, Bordier’s chief investment officer in Singapore.
Gold and precious metals funds saw $1.1bn of outflows over the past week, according to Bank of America Merrill Lynch.
Turbulence in bond markets has left bond investors nervous and cash piles high but while more movement is expected, certainty on a few issues could see investors moving back into the market during the second half of the year.
With the traditional summer volatility set to be followed by a US interest rate hike, some managers are holding their highest-ever cash weightings – but is this the right course of action?
