Central banks continue down the path of crazy monetary policy: the Fed has a lot on its mind, but doesn’t feel inclined to share its thoughts in case they trigger a melt down, whilst in Blighty the Bank of England have said they are testing the efficacy of an interest rate cut if Brexit occurs.
Cash and absolute return funds remain the defensive assets of choice ahead of the Brexit vote, a survey revealed.
Hedge fund boss Crispin Odey has bemoaned the “misdirected” implementation of the European Central Bank’s quantitative easing programme.
The longer-term cyclical recovery story in Europe remains intact according to Heartwood Investment Management.
The majority of fund buyers in the Basque country and in much of the rest of Europe expect another market correction this year. Fund managers at Expert Investor Spain, held in Bilbao last week, identified China and Brexit as the main possible triggers for this.
More than two thirds of IFAs, or 69%, are in favour of the United Kingdom remaining in the European Union, according to an IFA survey conducted by GAM.
Research by UBS has revealed what seems a surprisingly high level of confidence in European equities among investors.
Despite political and economic turmoil and the threat of Brexit, European equities are still packing a punch with investors
Neil Woodford believes Brexit would cause crisis in the EU and tremors in the eurozone, but a weaker sterling could ultimately be beneficial to his funds.
UBS Wealth Management has warned that significant parts of the FTSE 250 index would be likely to underperform in the aftermath of a British exit from the European Union.
After years of economic stagnation, the gradual recovery in the eurozone is beginning to show signs of sustainability.
With returns from European equities distinctly harder to come by than during the QE inspired climb last year, active funds falling short in active share terms are going to find investors less forgiving.
