Expert Investor Euskadi voting results
Greece
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IMF warns of Fed danger as ECB reassures markets
The IMF yesterday warned that a rise in interest rates by the Federal Reserve could lead to a new crisis, with a spike in bond yields and emerging market economies particularly badly hit. Most estimates of when the Fed will begin rate hiking, or ‘normalisation’ as it is often called, range from as early as…
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Getting sick of Varoufakis – Grexit tops agenda at Expert Investor Portugal
Close to half of the audience of fund selectors assembled in Lisbon believed financial markets underestimate the risk of Greece leaving the eurozone (though at the same time only a quarter thought a Grexit would actually happen. “If some complacency has come into the market we are probably guilty of it as well,” admitted Richard…
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UK investors flee to the continent amid election worries
£963m (€1.3bn) flowed out of UK equity funds on a net level over the month, compared to an average of £238m in inflows across the previous 12 months, while Europe ex-UK funds topped the best-sellers list with £663m in inflows compared to an average of £11m per month for the previous 12. “The last time…
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Will Greece leave the euro? It looks increasingly likely, say fund selectors
When we asked a crowd of Belgian fund selectors back in January about the possibility of a Greek exit from the euro, only 13% deemed that likely to happen. At our Pan-European Congress in Rome last month, the share of Grexit-believers had almost tripled to 37%. At Expert Investor Denmark earlier this week, it exceeded 50%…
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Half of Swedish fund selectors see Greece
Macro issues took centre-stage at Expert Investor Sweden in Stockholm last Thursday. On the day the Swedish Riksbanken decided to imitate the ECB and launch its own QE, a surprisingly high share of delegates deemed it likely that Greece will leave the Eurozone.
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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.