PA ANALYSIS: More work needed to drive long/short revival
Long/short equity funds have started to recover from a disastrous 2016, leading to a pick-up in inflows, but managers still have work to do to regain the confidence of skeptical investors.
Author: Tjibbe Hoekstra
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BNY Mellon launches benchmark hugging high-yield bond fund
Value opportunities in Japan are few and far between for investors according to Harris Associates’ David Herro, manager of the $29bn Oakmark International Fund.
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PA ANALYSIS: Has German election killed the European Spring?
Many fund managers dismissed the historical German election results as “insignificant for markets”, but they have failed to consider its impact on the status quo and the possible reversal of recent political trends.
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Why the German election matters
You may be forgiven for not staying up late this Sunday to watch the results of Germany’s parliamentary elections, but Chancellor Merkel’s widely-anticipated victory is likely to impact the future direction of bond spreads.
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US equity rally has no solid footing
The S&P 500 just keeps setting new all-time highs, but the rally could soon reverse since it’s driven increasingly by technology stocks alone.
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Equity ETF flows drop below €1bn
Net sales of equity ETFs fell dramatically in August, according to Lipper data, with net flows into eurozone equity ETFs showing the biggest drop, falling into negative territory.
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Asset managers U-turn on Mifid II research costs
Schroders Investment Management, Union Investments, Mifid Ii, Mifid 2, Financial Regulation, Blackrock
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PA ANALYSIS: Have hurricanes blown away cat bond credibility?
Investors were bracing for the worst when the Swiss Re Cat Bond Index plummeted 15% in the wake of hurricane Irma. But the unprecedented damage caused could actually be a blessing in disguise for the asset class.
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Investors hedge US equity positions
European investors have been responding to this year’s dollar weakness by hedging their investments in US equities, according to Morningstar data.
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Euro powers ahead as Draghi keeps silent
The euro has reached multi-year highs against all other major currencies this week as ECB-president Mario Draghi gave a blank speech at the Fed’s Jackson Hole meeting.
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Appetite for absolute return falls to new low
Fund selectors are losing enthusiasm for absolute return funds and appetite for long/short equity and bond funds as well as multi-strategy funds has fallen to its lowest point in two years.
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US equities advance makes European investors run
The US equities rally has been given a fresh boost this year by continuing earnings upgrades and a weakening dollar, but Europe’s investors are not buying it.
