IG bond fund flows in reverse as markets drop
European investors have responded to the recent slump in European bond prices by swapping their long-only fund holdings for absolute return funds, Morningstar’s latest fund flows report reveals.
Author: Tjibbe Hoekstra
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Risky bonds – firmly back in European favour
Emerging market debt and high yield bonds, which have had some pretty high inflow volatility recently, are now firmly back in favour with European investors.
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Fund buyers take refuge as Grexit edges closer
As Greece is heading for a default, which would significantly increase the possibility for the country to be forced out of the eurozone, markets have plummeted.
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Pension fund investors unwillingly increase equity allocation
The majority of global pension funds have been increasing their equity allocation in the past six months. However, many would prefer to decrease it if they could just find yield somewhere else, because they expect a serious market correction.
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How bumpy is the bond road going to be?
Benchmark 10-year bond yields in the eurozone have more than doubled since the end of April, when they reached an all-time low.
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Passive should be the core of your portfolio says Markus Schuller
Markus Schuller, a Monaco-based consultant who gives asset allocation and strategic advice to global financial institutions, talks to EIE’s editor Dylan Emery about the investment implications of investor irrationality, and why passive should be the core of your portfolio.
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Multistrategy panacea or placebo
With troubled times hitting fixed income, multi-strategy absolute return funds have taken a lot money. But not all fund selectors are attracted by the idea of putting their investment eggs in the one basket.
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Wealth managers expect sweeping changes
European wealth managers are looking to expand the number of operational risk managers, client advisers and product specialists on their payroll while planning to shed middle- and back-office staff.
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European bond investors look for safety
European investors pulled 5.3bn out of high yield funds in September, while they propped up their holdings in investment grade corporate bonds and long/short debt.
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European equity redemptions accelerate further
Net outflows from European equity funds broke a new record in September, according to Morningstar’s latest fund flows.
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Record outflows from European equity funds
European equity mutual funds registered unprecedented outflows last week. According to Bank of America Merrill Lynch, funds invested in European stocks shed $5.7bn.
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Fund managers keep faith in central bank rescue
Fund managers attending last week’s Expert Investor Geneva conference keep firm trust in central banks stopping their bleeding after the recent market sell-off.