US asset manager Cohen & Steers initiates UK push
American asset manager Cohen & Steers has initiated a fresh push into the United Kingdom investment market and plans to launch two new funds as part of the effort.
American asset manager Cohen & Steers has initiated a fresh push into the United Kingdom investment market and plans to launch two new funds as part of the effort.
Neuberger Berman has decreased its exposure to US equities for first time this cycle to fortify against volatility and weaker earnings.
Western investor sentiment and demand for gold and silver retreated in September, falling off three-year highs with US new accounts falling by almost one-third.
European investors have been seeking exposure to commodities at an unprecedented scale in the first eight months of the year. Active commodity funds, however, are losing out.
BHP Billiton shares were the second highest riser in the FTSE 100, climbing 3.3% to 1076.8p despite reporting record losses in its interim results Tuesday morning.
Investors have again started looking at increasing their exposure to commodities this year. However, the asset class has delivered mixed results so far.
Global resources fund manager Benoit Gervais is adamant the commodities sector is about to be reignited but advises caution while recovery is nascent.
With the Fed keeping rates on hold and sterling under pressure, it is a good time to look for dips in commodities and increase exposure to emerging markets equities, says Trevor Greetham, head of multi asset at Royal London Asset Management.
The recent performance of gold funds will have many investors eyeing a move into the asset class or a topping-up of an existing holding.
Pictet Asset Management is overweight gold as concerns grow over political risks and the US dollar, said chief strategist Luca Paolini.
Every asset class has its time in the sun and periods where nobody wants to touch it with a barge pole.
Carl Whitbeck, head of US high yield at Axa IM, expects the struggling commodities sector and ongoing uncertainty around future Fed action to lead to greater volatility in the high yield space.