Fund flows figures expose high yield outflows
High yield bonds registered a record 7.3bn in net outflows in December, according to Morningstar’s latest fund flows data. European investors reacted strongly on a momentary market correction that month.
Investment
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Catalan investors at odds with fund managers
Fund selectors in Barcelona are convinced Spanish bonds are overpriced. But bond fund managers brazenly told the crowd that they will edge even lower, at least in the short term.
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Asset managers record bullish on property
After years of disappointing performance and lacklustre investor appetite, property funds now again have great return prospects, asset managers believe
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Belgium fund buyers opt for safety
Belgian fund selectors have become more cautious in their outlook for most asset classes. Macroeconomic optimism is also clearly on the wane.
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Alternative Ucits investors bet on the wrong horse
Event-driven strategies enjoyed the largest relative inflows of all alternative Ucits categories in the second half of 2014, but showed the worst performance.
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Be wary of multiasset funds chasing yield
Most multi-asset funds need to offer an income yield around the 5% level to be competitive, says rating agency, Fundhouse, but this is increasingly tough to deliver.
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Belgian fund selectors expect Qe
Fund buyers attending Expert Investor Belgium in Brussels expect the ECB’s new government bond-buying programme to push equities higher.
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Liquid alternatives to take share from hedge funds
The hedge fund industry is under strong competitive pressure to change, yet managers remain generally optimistic, according to a survey from State Street.
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Frontier markets rough ride
Volatility in frontier market equities has been quite extreme over the past couple of months, but to what extent has this turbulence affected investor sentiment?
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Investors flock in global currency bonds
European fund buyers have found their way back into global currency bond funds, which can invest across the bond universe while making specific currency bets.
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Bond sentiment converges towards neutrality
According to the latest data gathered by EIE, Pan-European net sentiment (buyers minus sellers) is converging in the direction of zero for all bonds.
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Fund selectors either like Europe or EM
For European fund buyers, it’s either European or emerging market equities, never both. Equity market returns only partially explain the phenomenon.