quality and quantity of China growth
Michael Hasenstab looks at China’s falling growth during the year ahead as well as the rise in its quality and how it translates into investment opportunities.
Profiles & Comment
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multi-currency fixed income
The fixed income answer to generating positive returns in the face of rising interest rates is to actively allocate across different currency markets.
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Market volatility and the proverbial gift horse
Horses’ gums recede as they age making their teeth appear longer, hence the term, “long in the tooth. Inspecting the teeth of a horse given as a gift was therefore considered ungrateful.
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Do your absolute return funds have too much beta
In times of volatility, absolute return funds should offer some respite, but with so many different strategies on offer it is far from a simple choice and many have yet to prove themselves.
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No adviser has the expertise to dismiss SPs
Very occasionally I find myself at a conference or other industry event seated next to a fellow adviser who holds diametrically opposed views to my own on structured products.
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The big question
The Scottish independence referendum will take place on 18 September. The debate is heating up on a daily basis but heat does not always produce hard facts, and a clear picture of what independence would mean for the financial services industry in Scotland remains elusive.
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Launch PE funds secured lowest level since 2008
Twenty-five first-time funds achieved a final close in Q1 2014, securing an aggregate $5bn – the lowest quarterly amount in the period since 2008.
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Three high conviction plays for today
A more difficult first quarter has cleared much of the froth out of the Japanese equity market and has allowed us to increase exposure at lower prices.
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Threadneedle China is biggest conundrum
In our last asset allocation update, we framed the outlook for 2014 in the context of how bond markets deal with policy normalisation; what happens to emerging markets as a result; and whether corporate profits will meet expectations?
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Twoedged sword China remain opportunity and threat
A selective approach to identifying the winners from the growth in China is required and it is important not to just buy the China effect.
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Retire like a millionaire Ventre
The changes to pension legislation announced in the 2014 Budget are bold and timely, says John Ventre, manager of Old Mutual Generation Funds.
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If it rolls floats or flies dont lend it money
There is an interesting debate going on in the world of fixed income currently. Is high yield credit a cyclical asset class or a structural growth story?
