M&G’s Woolnough: Is it time BoE sold hoard of corporate bonds?
A policy reversal at the Bank of England is imminent and could prompt it to sell its £10bn hoard of corporate bonds back to the market, M&G’s Richard Woolnough has said.
A policy reversal at the Bank of England is imminent and could prompt it to sell its £10bn hoard of corporate bonds back to the market, M&G’s Richard Woolnough has said.
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Most active US equity funds struggle to ever outperform their benchmark, but this year the secret to outperformance has been surprisingly straightforward.
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Inflows to European-domiciled funds hit a record high in the first half of 2017 at the expense of their struggling US counterparts, according to the latest data from Morningstar.
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Two asset managers have warned that bond investors, particularly those in passive vehicles, are too exposed to duration risk without realising it.
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The US equity market hit new highs, but bond yields are expected to fall after the US Federal Reserve voted to keep rates on hold at its latest meeting.
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AstraZeneca’s plummeting share price was the biggest story in a morning flooded with company results on Thursday, with the FTSE index holding steady despite a wobbly start for stocks.
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Emerging markets should deliver roughly twice the growth of developed markets and the differential is set to grow, the head of investments at Lombard Odier Private Bank says.
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UK GDP grew by just 0.3% in the second quarter signalling a “notable slowdown” in the domestic economy, according to the Office for National Statistics.
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Research from BMO Global Asset Management’s multi-manager team, headed by Rob Burdett and Gary Potter, shows that the cream of the active management crop have outperformed the top passive funds over the long term.
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Greece has returned to the bond market for the first time in three years after issuing its first five-year euro-denominated bond at a yield of around 4.75%.
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The Bank of England has expressed concern at the UK’s increasing level of consumer debt after warning that lenders are in a “spiral of complacency”.
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Global AUM in mutual funds is predicted to exceed $100trn by 2020, but active managers have been warned to adapt to stay relevant during the boom by research agency Cerulli.
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