dont write off apac just yet
The news that not a single Asia Pacific ex-Japan fund has produced returns north of 0.27% in the year-to-end of November will not be welcomed by investors. But first, a little perspective…
The news that not a single Asia Pacific ex-Japan fund has produced returns north of 0.27% in the year-to-end of November will not be welcomed by investors. But first, a little perspective…
In the latest in a number of attempts to create a definition of its Managed Sectors that is useful for all the various user groups – fund managers, intermediaries and Joe Public – the IMA emphasised that funds should comply with the spirit of the definition.
Todays big news sees Theo Zemek bring down the curtain on her frontline fund management career, presumably permanently, as she focuses on her senior management role as part of Axa IMs board. But what exactly does this mean for the firms fixed income capabilities, and does Nick Hayes have the right credentials as her replacement?
As the FSA publishes its report into the failure of RBS, we ask whether the new incarnation of the regulator planned for 2012 will make a difference to crisis aversion in the future?
The M&G Corporate Bond Fund does not adhere to the IMA’s definition of a corporate bond so it should be moved out of the IMA sector altogether.
Passive fund providers who were “all over everybody” a year ago have gone quiet amid performances that are “through the floor”. So goes the opinion of one IFA. Do you agree?
Prudence, caution, good judgement, maturity and diplomacy were among the synonyms for the word discretion thrown up by my PC this afternoon. Presumably, these are all terms we can also use to describe first-class discretionary managers.
It sounds like the opener to a bad stand-up act at an industry dinner, but both these well-known “victims of their own success” could benefit from some quiet time to reflect on where to go next.
Fitch Ratings’ latest findings on the underperformance of value-oriented stock picking, published last week, have made for interesting reading but, arguably, this tells us little that we dont already know.
When it’s three o’ clock in New York, it’s still 1938 in London, was Bette Midlers take on the divisions between the two great financial centres, while Ernest Hemmingway grumbled about the former being a town you come to for a short time.
The cavalry has arrived, or so the Central Banks would have us believe. But underneath all the trumpeting, the need for fiscal progress is still dire.
The IMA has taken the easy way out and copied the ABI’s mixed asset sector definitions so, unfortunately, the debate over how to categorise the various Managed Sectors is not over yet.