Aviva Investors and Hermes avoid China
Concern over credit quality and liquidity as well as transparency issues are barriers to investing in China fixed income and equities, the managers said.
Equities
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Asia bear still growling
Even though a growing group of asset management firms are warming to emerging markets, Gary Reynolds, CIO at UK-based wealth and asset management firm Courtiers, remains bearish on the region and believes the US is the most attractive opportunity.
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Eurozone risk premium staying higher than US despite QE – NN IP
Prolonged political uncertainty and flaws in the institutional framework have kept eurozone equity premium risk at its highest level since the ‘09 global financial and ‘11 eurozone crises, according to new data by NN Investment Partners.
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Henderson sees strong divdend growth in Korea
South Korea is one of the most attractive regions in Asia in terms of dividend growth potential, said Henderson Asian Dividend Income Fund co-manager Sat Duhra.
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Bond euphoria swells but don’t discount autumn shock – BAML
While bonds have become the new stocks for many investors, ‘Taper Tantrum II’ remains a real threat for asset markets this autumn, warned Bank of America Merrill Lynch ahead of Fed chair Janet Yellen’s Jackson Hole speech today.
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Thematic rotation below markets’ calm surface – NN IP
Seeing a thematic rotation below markets’ calm surface, NN Investment Partners is increasing its exposure to cyclical stocks by upgrading industrials and materials and downgrading healthcare.
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Pictet turns to cyclicals, housebuilders
Pictet Asset Management has weighted its multi-asset portfolios more towards cyclical equities as a respite in dollar strengthening supports earnings.
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Barings adds EM equities, trims UK
The firm’s multi-asset group is upping exposure to emerging Asia equities at the expense of their UK counterparts.
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Record inflows for emerging market debt in July
The popularity of bond funds was reinforced by the Brexit vote. While all fixed income asset classes saw net inflows, investors especially flocked to emerging market debt in July, according to fund flows data from Morningstar.
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BlackRock goes overweight EM
BlackRock has joined the ongoing shift into emerging markets by upgrading the asset class to overweight in its asset allocation outlook.
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EM equities see rapid rise in retail flows
Retail investment platform Rplan saw a big increase in flows into emerging market funds over the last three months, with the notable exception of China-only investments.
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European equities ready for a resurgence?
Despite the prevailing negative market sentiment towards the continent, expensive US equities and an accelerating Eurozone economy are making European equities more attractive, investment analysts have said.