The cash conundrum: What’s driving cash balances down?
Global fund managers were yesterday accused of flying too close to the sun when it was revealed that despite thinking equities are overvalued, risk-taking has hit an all-time high.
Author: Adam Lewis
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Managers showing ‘irrational exuberance’ as cash balances drop
Despite perceiving equities to be overvalued, global fund managers cut cash allocations and admitted taking above normal levels of risk, according to the November BofA Merrill Lynch fund manager survey.
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Platform assets to nearly triple in five years
After hitting £560bn in the third quarter of 2017, Fundscape forecasts that assets held on fund platforms could surge to £1.4trn by 2022.
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M&G confirms double veteran departure
M&G veteran fund manager Richard Hughes is to retire in March next year, while Aled Smith is stepping down from running the M&G Global Leaders Fund in April.
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Nomura launches European high-yield bond fund
Nomura Asset Management has launched a European High Yield Bond fund targeting a benchmark plus 2% annual return.
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Strategic bond sales fuel record monthly flows
Strong inflows into strategic bond funds helped fuel the largest ever month for net flows into UK domiciled funds in September, according to the Investment Association.
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Investors deliver one-year verdict on Trump
Wednesday 8 November marks the one-year anniversary of the shock election of Donald Trump as president of the US. One-year on, and several thousand tweets later, we spoke to three investors to gauge their view on just what he has achieved since.
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Thesis launches AIM portfolio for IHT planning
Thesis Asset Management has launched an Alternative Investment Market (AIM) portfolio service to help clients mitigate inheritance tax (IHT).
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Kames adds co-managers to several multi-asset funds
Kames Capital has added two co-managers to a number of its multi-asset funds.
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Fidelity hires head of investment trusts
Fidelity International has appointed a head of investment trusts following the retirement of Nicky McCabe.
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Big tech propels Scottish Mortgage outperformance
Strong rises in the share prices of Alibaba, Tencent and Baidu in the last six months have boosted the performance of the £6.3bn Scottish Mortgage Investment Trust, according to its latest results.
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Fidelity Special Values enjoys bumper five years under Alex Wright
Five years since taking over as manager of the Fidelity Special Values investment trust, manager Alex Wright has managed to almost double the benchmark return in net asset value terms.
