Fidelity poaches Amundi’s head of equities to fill Rossi role
Fidelity has hired Amundi Asset Management’s head of equities Romain Boscher to be its new global chief investment officer, equities.
Fidelity
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Performance-linked fees work best for fixed income funds
Fidelity International’s move to change its charging structure to a performance-linked fee has been welcomed but is seen as a risky move which may not be sustainable, according to fund selectors around Europe.
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Are FAANGs giving way to emerging tech?
EM tech companies have outperformed the famed FAANG stocks (Facebook, Apple, Amazon, Netflix, Google) this year. But do EM tech companies offer better opportunities on the long term as well?
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Will performance-based fees work?
Fund selectors applaud the “courageous” step by Fidelity to introduce performance-related management fees across all its funds by next year. But will the move really improve long-term performance after fees, and is the new model sustainable with most active funds failing to beat their benchmark?
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No surprises from Draghi: ECB halves asset purchases to €30bn
The ECB will cut the size of its monthly asset purchases in half from January next year, ECB-president Mario Draghi announced on Thursday. Bond and equity markets as well as the euro hardly responded to the announcement.
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Is Fidelity’s performance-based fee a good idea?
Fidelity International’s announcement that it will implement a performance-based fee sparked mixed reactions in the industry. As always, the devil will be in the detail.
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Fidelity switches to performance-based fee model
Fidelity International is the first major asset manager to make a switch to a “value for money” charging structure. The asset manager will give money back to clients when its funds underperform.
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Fidelity passes on external research costs to clients
Fidelity International has decided it will pass on costs for external research under Mifid II to clients.
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US equity rally has no solid footing
The S&P 500 just keeps setting new all-time highs. But the rally could soon reverse since it’s driven increasingly by technology stocks alone.
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Recession risk is on the rise – the key factors to watch
While markets could remain complacent and expensive for some time to come, recession risk is rising, says asset manager Robeco. Fidelity is also increasingly cautious, expecting “the longest equity bull market since World War II” to end within 18 months.
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‘Half of S&P 500 will be passive owned within a year’
More than half of the S&P 500 will be owned by passive investment strategies within the next 12 months, Fidelity’s Dominic Rossi believes.
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Fidelity jumps on ESG bandwagon
Fidelity has launched its first ever active ESG fund: the Fidelity FIRST – ESG All Country World Fund. It follows the launch of two ESG index funds in its home market, the US, last month.