Pictet ups exposure to Europe and Japan
Pictet Asset Management has increased its weightings to the eurozone and Japan, while at a sector level it has raised exposure to financial and energy companies.
Europe
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PA ANALYSIS: Investors bank on financials
Few sectors have been as volatile as banking stocks over the past few months and years. Despite that, bank equities could outperform on both sides of the Atlantic thanks to benign macro forces.
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Staff still in the dark over looming Mifid rules
A fifth of business leaders have admitted their employees are not even aware of the sweeping changes that will come into force under Mifid II, a survey has revealed.
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PA ANALYSIS: Has German election killed the European Spring?
Many fund managers dismissed the historical German election results as “insignificant for markets”, but they have failed to consider its impact on the status quo and the possible reversal of recent political trends.
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Chief Brexit negotiator backs federalised Europe
A federalised Europe is the only way to secure the survival of the European Union, according to one of its chief Brexit negotiators.
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PA ANALYSIS: EU single market to be ‘fragmented’ by Mifid II
Julie Patterson, head of investment management regulatory change at KPMG, believes this is a big risk because each of the EU’s 28 member states is likely to implement its own slightly different version of the revised Markets in Financial Instruments Directive, or Mifid II. “The European single market as a whole will be more fragmented as…
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Equity ETF flows drop below €1bn
Net sales of equity ETFs fell dramatically in August, according to Lipper data, with net flows into eurozone equity ETFs showing the biggest drop, falling into negative territory.
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OMGI’s Ormiston: euro at $1.30 spells pain
Old Mutual Global Investors’ Ian Ormiston believes the strong euro is not having a material impact on European companies, but warns this could change if it breaches $1.30.
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Kempen launches European high yield fund
Kempen Capital Management has launched a European high yield fund targeting returns from the BB segment of the market.
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Euro powers ahead as Draghi keeps silent
The euro has reached multi-year highs against all other major currencies this week as ECB-president Mario Draghi gave a blank speech at the Fed’s Jackson Hole meeting.
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Invesco Perpetual’s Butcher on navigating political turmoil in Europe
Since Stephanie Butcher took the helm of Invesco European Equity Income, the politics of the region have been in turmoil. But the trials seem to have abated and she is now reaping the rewards of shrewd value approach.
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Record-breaking European flows puts US in the shade
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.
