Global managers’ EM overweight hits 47%
Global fund managers upped their emerging markets overweight to a net 47% in September, while increasing their underweight to the US, according to the latest Bank of America (BofA) Merrill Lynch survey.
Macro News
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Global managers’ EM overweight hits 47%
Global fund managers upped their emerging markets overweight to a net 47% in September, while increasing their underweight to the US, according to the latest Bank of America (BofA) Merrill Lynch survey.
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50% of UK investors optimistic about returns despite Brexit
Despite the complications arising from Brexit negotiations and the lower interest rate environment, UK investors are among the most optimistic in Europe, a survey from Legg Mason Global Asset Management has found.
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Hermes backs world’s largest corporate sustainability drive
Hermes Investment Management has signed up to the United Nations Global Compact, a set of principles aimed at improving corporate sustainability across the globe.
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It’s time for Draghi to taper QE
European Central Bank (ECB) president Mario Draghi was tight-lipped on tapering following the bank’s latest policy meeting, but industry figures remain confident the ECB will roll back the pace of asset purchases from next month.
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Gold sales soar as North Korea nuclear threat bites
A US warning that North Korea’s use of nuclear weapons would spark a “massive military response” saw sales of physical gold soar to the highest level since Brexit on Monday morning.
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August’s good, bad and the ugly fund performers
Gold, Japanese and emerging markets funds enjoyed a strong August, while absolute return funds had a month to forget, as did Neil Woodford.
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Manulife AM: Look beyond CAPE for stock-picking opportunities
Equity valuations are rich at present, but investors can still find opportunities if they look beyond overly simplistic valuation methods when picking stocks, according to Manulife Asset Management.
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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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FTSE 350 pension deficit balloons to £62bn
The aggregate pension deficit of the UK’s top 350 companies accounted for 70% of total profits, a higher proportion than in the immediate aftermath of the global financial crisis.
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Risk of another US debt ceiling impasse already hitting treasuries
An impasse over raising the debt ceiling could see the US hit the financial buffers in early October failing to meet around 23% of its short term obligations, an analysis by Washington think tank the Bipartisan Policy Centre has said.
