PA ANALYSIS: The European funds to back if bank rally continues
European shares rallied after the first round of France’s presidential election yesterday, but which funds stand to take advantage of any change in market leadership?
Equities
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Hermes’ Greenberg banking on EM ‘normality’ trade
Top-performing emerging market fund manager Gary Greenberg is banking on a “return to normality” in developing markets.
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Sterling-driven dividend bonanza continues but underlying numbers fall
The UK equity market pumped out 9.5% more dividends in the first quarter than the previous year as sterling’s weakness continued to magnify the payouts.
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Massive investor shift from US to eurozone equities
Investors’ rotation from US equities into eurozone stocks in April was the fifth largest such shift since 1999, according to the latest Bank of America Merrill Lynch fund manager survey.
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PA ANALYSIS: Does snap election signal time to cut UK equities?
The murky state of UK politics is cementing wealth manager and asset allocator aversion to domestic equity markets, as exposures continue to shrink.
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FTSE 100 sheds 2.5% on UK election sterling rally
The FTSE 100 index suffered its worst fall since the aftermath of Brexit yesterday, after Prime Minister Theresa May called a snap general election.
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Jupiter launches EM income trust for Teverson
Jupiter has expanded its emerging market offering with the launch of an income-focused investment trust targeting the region’s small and mid-cap stocks.
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Investment Quorum: ‘Gems to be found’ among DM small-caps
There are hidden, small-cap gems worth digging for in Europe, Japan and even the UK, according to Investment Quorum CIO Peter Lowman.
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Frikkee: ‘Trump excitement petering out’
Smith & Williamson’s Tineke Frikkee believes the extreme rotation in equity markets post-Trump that has favoured aggressive value stocks is showing signs of petering out.
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UK active equity underperformance quadruples in 2016
The S&P Indices versus active funds (SPIVA) Scorecard revealed that the amount of actively managed UK equity funds that failed to beat the benchmark quadrupled from 22.2% to 87.22% between 2015 and 2016.
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PA ANALYSIS: ‘Caution over chaos’ or bold action after Article 50?
While the momentous triggering of Article 50 was rather anti-climactic, should investors proceed with caution or carry on as before?
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BlackRock reveals major overhaul of active equity offering
BlackRock has revealed a major shake-up of its US active equity platform including job cuts and a reorganisation of funds.