Dips to buy on have become ever scarcer in the QE-led era. Does the big performance gap between Spanish and other European equities, that has emerged thanks to the political turmoil in Catalonia, present investors with a great opportunity now?
Above everything else, Marta Campello of the Spanish wealth manager Abante Asesores wants fund managers to be transparent. And if they are, that could make the difference between being ditched and being given a second chance.
Delegates at a recent Expert Investor conference in Spain were asked about their thoughts on Catalonia. Below are their responses.
Investors have been regaining confidence in equity markets after inflows had stalled in August, September fund sales figures suggest.
The Spanish stock market opened deep in the red on Wednesday morning, following a combative speech by Spain’s King Felipe VI. Investors would do well to take these market signals seriously.
The rise of the passives looks unstoppable. Since 2008, assets in exchange-traded funds have increased from $772bn (€685bn) to almost $4trn, according to BlackRock. But this doesn’t mean active managers are cornered.
Holger Wehner from Allianz Global Investor explains where they are finding opportunities in global markets, with a stark change of stance from growth to value at the current time.
US Protectionism is not good for anyone, says Eric Papesh of T. Rowe Price. Eric believes we will have stock market volatility in the short term.
Richard Brown of Henderson Global Investors argues that in a post-Trump world, investors need to partly replace traditional bond investments with absolute-return type of funds.
Schroders’ value Fund Manager Andy Evans says European banks are currently unfavoured and cheap, but with balance sheet de-risking, he is finding them particularly attractive
Donald Trump has vowed to put America first. But if his presidency proves to be inflationary, it’s going to be Europe first, America second.
Here’s a slideshow of photos taken at the Expert Investor Spain forum, held in Bilbao on 16 March 2017.
