Managers slash US weighting to nine-year low
The degree to which global fund managers are underweight in US equities has fallen to its lowest level since January 2008, according to the BofA Merrill Lynch July fund manager survey.
Equities
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Impatient ISA investors target Woodford, Train and Smith funds
Cash ISA investors are ‘taking matters into their own hands’ and putting their money into vehicles from Neil Woodford, Nick Train and Terry Smith, data from Hargreaves Lansdown reveals.
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Is 2017 really the year of the active manager?
Within the fund industry, 2017 has been widely heralded as ‘a year for active managers’. This has been underpinned by a strong belief markets would once again focus on fundamentals, after a number of years when central bank policy and geopolitical concerns were driving asset prices. Portfolio Adviser looks at the performance of active managers…
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Neptune’s Turnbull joins Invesco Perpetual’s EM team
Ex-Neptune China fund manager Douglas Turnbull has landed at Invesco Perpetual’s emerging markets team, following his recent departure from the firm.
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European Wealth slashes UK exposure; continues EM push
Though European Wealth’s Richard Stammers refuses to bet on whether the UK economy will survive Brexit, fear of the unknown has convinced him to cut his UK equity exposure to neutral.
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PA ANALYSIS: Is it the right time to be piling into bonds?
Portfolio advisers have been looking at equity market valuations rather nervously for some time tilting towards less risky assets, taking profits and holding more cash.
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Harris: Bonds set to be ‘losers’
At a time when retail investors are piling into fixed income, City Financial’s head of multi asset Mark Harris has warned the bond bull market is essentially over.
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UK investors pile into bonds and sell down UK equities
Investors piled into the IA Sterling Strategic Bond sector in May, while UK equity funds experienced a net retail outflow of £479m, according to the latest IA statistics.
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JPMAM promotes Malcolm Smith to lead International Equity group
JP Morgan Asset Management has appointed Malcolm Smith to lead its newly-formed International Equity group.
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East Capital launches Sustainable Emerging Markets fund
Specialist emerging and frontier markets manager East Capital is to launch a fund investing in socially responsible emerging market companies.
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Manulife’s Langridge: EM investors should fear repeat FANG sell-off
Another sell-off in FANG stocks could have significant repercussions for emerging markets, said Kathryn Langridge of Manulife Asset Management.
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UK equities – where is the next big opportunity?
UK equity fund managers tell us where they are finding value, despite the FTSE’s recent heights.