The launch of the IMA’s new Global Equity Income Sector has brought to the fore some issues last visited during the organisation’s ill-fated split of the UK Equity Income Sector. But this time it’s different…
Politicians haven’t exactly covered themselves in glory this year when it comes to making policy decisions to reduce levels of government, consumer and household debt – 2012 is unlikely to be any different.
All year we have heard disparaging comments about gilts and their lack of investment case. Imagine my shock then when I saw six out of this year’s top 10 performing funds featuring the word gilt in their name.
New Years Day represents one year until the RDR rules are implemented, but unless the FSA gets its act together before Christmas it doesnt look like well be any clearer on whats needed until into 2012.
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.
