The prospect of ‘Trumponomics’ powered equity markets last year. ‘Macrononomics’ doesn’t only sound more like a real word, it could even have more powerful and longer-lasting effects. But the stakes are high.
M&G Investments’ Richard Woolnough has said he sees a move away from the UK as a capital markets centre in favour of the US developing, and is tweaking his fund’s holdings accordingly.
The start of the year has been rough for equity markets, but investors in Barcelona expect another market plunge before summer. They are also hedging their bets politically, it seems, as the uncertain investment outlook has prompted many to drop their support for independence.
Arguably the biggest name in UK fixed-income investing, M&G’s Richard Woolnough talks bear markets, duration, deflation, outflows and whether bonds really do have a problem with illiquidity
China is so dominant that when A-shares are eventually included in the MSCI Emerging Markets Index, the result could be a spate of very similar passive products.
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.
Fund selectors in Barcelona are convinced Spanish bonds are overpriced. But bond fund managers brazenly told the crowd that they will edge even lower, at least in the short term.
The recent market slump seems to have paralysed Finnish fund selectors as they have collectively put their allocations on hold.
The recent market slump seems to have paralysed Finnish fund selectors as they have collectively put their allocations on hold.
The recent market slump seems to have paralysed Finnish fund selectors as they have collectively put their allocations on hold.
The current cocktail of falling asset prices and increasing volatility, combined with still high valuations, seems to confuse fund selectors and managers alike.
Discussion at Expert Investor Luxembourg focused on a hotly debated topic, especially in the south of Europe: is the euro overvalued?
