Hung Italian parliament ‘best scenario’ for investors
The expected hung parliament following this weekend’s Italian election is likely to encourage fund selectors towards Italian equities and away from the fixed income sector, according to experts.
The expected hung parliament following this weekend’s Italian election is likely to encourage fund selectors towards Italian equities and away from the fixed income sector, according to experts.
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
Fund selectors will not look at Priips’ key information documents (Kid) as they prefer qualitative measures over quantitative data when making investment decisions.
US dollar denominated money market funds topped the charts in terms of inflows for January this year, while UK sterling funds saw the biggest outflows from this sector, according to the latest Thomson Reuters Lipper data.
Deutsche Bank has confirmed plans to list its asset management division DWS for €2bn on the Frankfurt Stock Exchange.
Recent statistics from Eurostat showed that the European Union economy expanded at its fastest rate for 10 years in 2017, registering a 2.5% increase on the year before.
Italy’s Generali Group is to increase investments in “green” sectors by €3.5bn by 2020, mainly by ploughing money into bonds that finance environmentally beneficial projects and investing directly in cleaner infrastructure.
State-owned China Post Global has applied to launch a China A-shares ETF in Europe, adding to its Market Access range of ETFs on the continent, said the firm’s London-based managing director Danny Dolan.
European-domiciled emerging market (EM) funds have seen a spectacular turnaround in fortunes at the start of 2018 with inflows up €14.5bn during January to reach a total €11.4bn of assets under management after there were €3bn of outflows in December, according to Morningstar data on global categories.
First State Investments has announced its intention to shut down its global resources capability, which will lead to the closure of its £455m Global Resources fund, managed by Todd Warren and Tal Lomnitzer.
The depreciation of the US dollar led to European investors lagging behind their US and Latin American counterparts in terms of performance in 2017 despite making the right call about being overweight European equities, according to Natixis Investment Managers. Click through the gallery to find out what asset allocation looked like for European, US, and…
Zürcher Kantonalbank Group’s (ZKB’s) asset management arm, Swisscanto has launched an emerging markets currency bond fund that aims to provide yield in the current low interest rate environment.