European fund flows plunge in June as investors shun risk
Japanese and European equity funds lead sell-off as investors avoid riskier assets, although US equity funds buck the trend
Investment
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Gam breaks silence on Haywood after industry backlash
Swiss fund group has been criticised for its “panicky” handling of lead bond manager Tim Haywood’s suspension.
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Fund selectors slash unconstrained bond allocation
Inflows into unconstrained bonds plummet amid concerns about illiquidity in asset class as Swiss asset manager Gam freezes fund
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Blackrock offers EM debt ESG fund range
New EM debt funds aim to allow portfolio managers to analyse relevant sustainability information alongside the traditional financial metrics to inform active investment decisions.
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Gam freezes absolute return bond fund
Gam Investments has halted new money coming into and out of its unconstrained absolute return bond funds (ARBF) following manager Tim Haywood’s suspension.
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Gam suspends €9.5bn bonds boss amid probe
Swiss asset manager reportedly concerned that Tim Haywood may have made large investments in illiquid debt securities without the required due diligence and risk control reports.
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Investec offers alternative investment Ucits range
The move to expand Luxembourg-domiciled fund range comes at a time when many asset managers are rejigging their international distribution strategies as Brexit looms.
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Global fund selector EM demand weakens further
Sentiment towards emerging market equities among fund selectors across Asia has declined significantly following similar slump among European selectors, according to Last Word data.
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Infrastructure assets in favour despite sell-off
Infrastructure funds have seen outflows for the first time in a decade but this has not discouraged pan-European fund selectors who are big fans of the asset class, according to Last Word Research.
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Kempen to exclude tobacco from funds
Amsterdam-based Kempen Capital Management has announced that all of its funds will be tobacco-free by the end of the year.
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Growth-led strategies ‘tend not to favour Europe’
One of the challenges Europe has attracting international investment is the relative weakness of its tech sector compared to other parts of the world, according to UBS Asset Management.
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Emerging markets demand slumps to three-year low
Global emerging market (GEM) equities have been one of the most popular asset classes among pan-European fund selectors since Q3 2015 – but demand dropped dramatically during Q2 2018.