PA ANALYSIS: Bonds are only unattractive relative to history
Widespread investor aversion to minimal bond yield spreads is buoying equity income and alternatives, but could investment grade and sovereigns soon be back in fashion?
Analysis
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PA ANALYSIS: Will Godfrey departure steady the Investment Association ship?
The fact that Daniel Godfrey felt he had to leave his CEO post sheds much light on what was behind the threats from Schroders and M&G Investments to leave, but also raises new questions.
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PA ANALYSIS: Plenty of life in UK property
With a Federal Reserve interest rate rise looming large and the Bank of England believed to be not a long way behind, there is an obvious case to be made that UK commercial property has had its time in the sun for now.
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PA ANALYSIS: Does the wounded IA really need M&G and Schroders?
With two of the UK’s largest fund groups reportedly looking to end their ties with the Investment Association, have the first seeds been sown on an industry revolution?
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PA ANALYSIS: Weak US job numbers may prompt another Yellen U-turn
The US economy seems to be treading water at best now, with the latest non-farm payroll data released by the Labor Department decidedly unimpressive.
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PA ANALYSIS: Where to hunt yield that is actually worth catching
In an environment where bond yields are drying up, equity income is beginning to feel the heat and the threat of a liquidity crisis stalks silently in the background, it is becoming increasingly difficult to generate income.
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PA ANALYSIS: Searching for the good amid the bad and ugly
Reading headlines about both Volkswagen and Glencore this week brought to mind Sergio Leone’s film: The Good, the Bad and the Ugly – especially given that global financial markets have felt a lot like the Wild West in recent months.
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PA ANALYSIS: Is Old Mutual Wealth’s reshuffle a step forward or back?
Old Mutual Wealth’s multi-asset management reshuffle is a bold and interesting move, but it is far from clear whether it will be a good one.
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PA ANALYSIS: Is Glencore the canary in the bull market coal mine?
At first glance, a debt-fuelled, mining behemoth and a little yellow bird have very little in common. But, when the bird in question is a canary, and the behemoth is Glencore, then it might be possible to imagine a comparison.
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PA ANALYSIS: Playing the contrarian post-China rout
With global equities return forecasts reasonable at best, a dearth of exciting ideas may leave investors looking for contrarian plays.
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PA ANALYSIS: Jury out on marquee signing Riddell
Allianz Global Investors’ capture of former M&G Bond Vigilante Mike Riddell is a marquee signing, but the jury is still out on what it means for both his new funds and employers.
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PA ANALYSIS: UK bets on Chinese golden age as Fed drops baton
If any further evidence was needed of the long term direction of travel for global financial markets, one need look no further than Aberdeen Asset Management’s announcement that it has been granted a business licence to operate in China.
