Ominous outlook for split bond and equity portfolios
A passive portfolio of 50% bonds and 50% equities faces negative annualised returns, according to a report by Pictet Asset Management.
PA Analysis
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Investors cool on China despite buoyant returns
The risk of a trade war between China and the US has fuelled investor uncertainty. One fund selector has dropped their only China equity focused fund while another portfolio manager has reduced his China allocation.
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ETFs could spark next financial crisis
An economics consultancy has warned that ETFs contain a design flaw and could well be the catalyst for the next financial crisis.
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Theresa May could raid pensions for Brexit promise
Abolishing higher rate pension tax relief and upper earnings limit on national insurance both on the table
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Vanguard and Blackrock exposed to US child detention camps
Blackrock has blamed index tracking products for its large stake in a contractor involved in child detention centres in the US, while Vanguard, along with several active investors, has been silent on its exposure to the political controversy.
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Adviser profitability thrives in a post-RDR world
The good times are rolling for financial advisers, at least, that is, according to the Financial Conduct Authority’s recent Data Bulletin.
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Has fund manager pay gone too far?
The huge salaries awarded in the asset management industry could have a damaging effect on investor returns.
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SJP unlikely to dump the Woodford gravy train
St James’s Place’s partnership with Neil Woodford is unlikely to end any time soon, despite many discretionary fund managers and platforms dropping the star fund manager on underperformance.
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Commodities poised to finally join the bull market
After a torrid nine years of losing investors money in a raging bull market, commodities could finally start to see a change in fortune.
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ESG morphs into glorified box-ticking exercise
Impact investing is being touted as an alternative to environmental, social and governance (ESG) strategies failing to live up to their ethical hype.
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Fund groups lacking dedicated A-share analysts
The inclusion of 230-odd China A-shares was a hugely symbolic moment for investors in the region but the fund industry has failed to get ahead of the curve with most firms lacking dedicated teams of analysts or products to invest in the asset class.
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Italian fiscal policy could see more hawkish ECB
Italian expansionary fiscal policy is more likely to inform European Central Bank policy than political threats to financial stability, with some investors raising concerns the central bank could soon switch to a more hawkish tone.
