Fund managers need to urgently rethink valuation methods as costs surge
The asset management industry faces the dilemma of curbing costs while simultaneously boosting revenues
Valuations
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Are fixed income funds the panacea, or are they too expensive?
Concerns have begun to emerge on valuation grounds, write Cherry Reynard
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Antipodes’ Savas: We see dotcom parallels as investors ignore valuation extremes
Valuations on mega-cap US stocks are at ‘dotcom era extremes,’ warns Alison Savas
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Mid Wynd: Is now the rare occasion where timing the market makes sense?
Many high-quality businesses offer a striking buy opportunity that could prove to be short-lived, writes Stephen Tong
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UK companies find new suitor in private equity (and themselves)
Private equity snaps up UK companies as valuations remain low
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GAM’s Howard: Cracking the asset allocation code amid ‘flashing red’ valuations
The CAPE ratio for US stocks is ‘well above’ its long-term average
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Morningstar’s Coop: How do deal with the unforecastable in portfolios
Morningstar’s Mike Coop discusses ‘disappointingly and puzzling poor’ forecasting in the industry
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Market turning point still looks some way off
Valuations could fall further if weaker economic data and earnings induce panic-selling
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Markets ‘not out of the woods yet’ despite shrugging off Ukraine crisis and rate rises
Analysts have yet to revise earnings estimates to factor in impact of Russian invasion and greater inflationary pressures
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Majedie’s value plunged 19% ahead of Liontrust deal
Majedie Investments writes down value of holding due to Covid outflows and pulled mandates
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Gresham House Strategic NAV overstated by £1.3m since July
Gresham House Strategic board claims ex-manager owes £0.3m after failing to account for £1.6m tax provision
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Corporate bonds overvalued according to 73% of investors
But CFA UK membership views equities as increasingly better value
