Diversification – it’s only good in moderation
Just selecting good funds doesn’t do it. Having the right mix to ensure proper diversification is at least as important. But can you actually own too many funds?
Assenagon
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ANALYSIS: Sailing the macro winds in Japanese equities
Net inflows into Japanese equity funds by European investors have picked up recently, as the current macro environment looks conducive to Japanese equities. Asset managers are also becoming increasingly bullish on the asset class.
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ANALYSIS: All stars aligned for European equities rally
The fact that the Euro Stoxx 50 index recorded its largest one-day gain since July 2012 on Monday suggests the importance for investors of Emmanuel Macron’s victory in the first round of the French presidential elections can hardly be overestimated.
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Future-proofing a multi-asset portfolio: Thomas Romig – part 1 of 2
In this video interview, Assenagon’s Thomas Romig explains how he has been adding many different flavours to his multi-asset funds over the years.
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US equities – the Trump honeymoon period lasts
A little over a month into Donald Trump’s presidency, US equity indices are at record highs and money keeps flowing into the asset class. Are markets right to be sanguine?
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Emerging market debt: from devil to darling
Emerging market bonds have undergone a remarkably quick transformation from being one of the least loved asset classes to perhaps the most popular. This has been driven by the relative attractiveness of emerging market debt compared to developed market fixed income, but to what extent have the fundamentals of the asset class actually improved?
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Record inflows for emerging market debt in July
The popularity of bond funds was reinforced by the Brexit vote. While all fixed income asset classes saw net inflows, investors especially flocked to emerging market debt in July, according to fund flows data from Morningstar.
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Emerging market equities: as compelling as they seem?
In August 2015, emerging market equities were in the midst of the most serious market correction since 2008. A year on, investors are more bullish than ever about the asset class. Is this radical change of mood justified?
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Emerging market debt – a reversal of fortunes
Investors are fleeing from emerging market debt, and optimism for any recovery in the near term is low, particularly for local currency government bonds.
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Star manager or team: what’s the better choice?
Fund selectors are divided when determining whether having a star manager at the helm is more likely to lead to long-term performance than a team-based approach.
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Fund Favourites – Thomas Romig
Thomas Romig, formerly head of one of the largest multi-asset businesses in Germany at Union Investment, recently launched a multi-asset fund at his new employer Assenagon AM. Even though his new fund is focused on capital preservation, he included the Legg Mason Clearbridge US Aggressive Growth Fund in his portfolio.
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Interest in M&A funds fades though takeovers reach all-time high
The record number of mergers and acquisition deals announced in 2015 hasn’t led to a sustained interest in merger arbitrage funds. Ucits-regulated M&A funds fell out of grace in the final months of the year, as they significantly underperformed their offshore peers.