Alastair Mundy funds downgraded by Morningstar
Morningstar analysts have downgraded funds at Investec, Kames and Temple Bar investment trust after recent “lacklustre” performance.
Morningstar
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Morningstar: ‘Friendly’ markets a boon for European fund flows
Morningstar data shows European equity funds saw net inflows of €3.4bn in February with equity ETFs performing well on the back of positive markets, with net inflows of €6.4bn.
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Morningstar downgrades Jupiter fund, due to “extreme underperformance”
Morningstar analysts demoted Jupiter’s UK Growth fund, headed by Steve Davies, citing issues with underperformance and portfolio construction over 2016.
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Economic resilience to ‘power’ US equities to new highs – Kames
February’s US business and consumer confidence surprised on the upside this week, leading Kames Capital’s multi-asset head to conclude US equities have farther to climb.
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Morningstar IM names new multi-asset head
Morningstar Investment Management has recruited Mike Coop as head of multi-asset portfolio management for Europe, the Middle East and Africa (EMEA).
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PA ANALYSIS: The only way is up for EMD?
Invesco Perpetual’s new Global Emerging Markets Bond Fund seems to be well timed to take advantage of investors’ broad structural underweight to the asset class.
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Bond fund losses continue for Franklin Templeton
Three Franklin Templeton bond funds suffered more than €800m (£683m) outflows in January, according to Morningstar data.
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European equities record worst outflows since ‘08 – Morningstar
European equity funds bore the brunt of a fall in investor confidence last year and recorded their worse annual outflows since 2008, new data from Morningstar has revealed.
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Morningstar’s Kemp eyeing capital preservation
With uncertainty over the justification for 2016’s positive returns and valuation pressures continuing to mount, it may be time to focus on capital preservation, according to Morningstar Investment Management CIO Dan Kemp.
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Morningstar cuts high yield exposure back
Morningstar has reduced its discretionary income portfolios’ holdings of high yield bonds, using the money to raise exposure to “good value” emerging market debt.
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Haldane wrong to point finger at forecasters – Morningstar’s Kemp
The Bank of England’s Andy Haldane was wrong to focus on his profession’s inability to predict the 2008 financial crash as all economic forecasting is ultimately “doomed to failure”, according to Morningstar’s chief investment officer Dan Kemp.
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PA ANALYSIS: Is nimble the new cautious?
2016 has left a lot of investors wrong-footed, but if recent multi-asset moves are anything to go by, managers are looking to be increasingly fleet footed in 2017 to avoid being left flat on their backs.