Each quarter, we review the performance of over 6000 active funds domiciled in Europe. Together they manage more than €1.4tn – but are investors getting what they pay for? Q3 results were once again quite striking – and less than a ringing endorsement of active, despite some pockets of real improvement. Here are the 10 […]
As Henrik Didner and Adam Gerge’s equity fund approaches its quarter century, the pair, two of Sweden’s best known stockpickers, show no sign of changing an approach that has brought continued returns. 24 years ago in October, one of Sweden’s best known fund management duos and their equity fund launched into the local funds market. […]
As ETFs become increasingly mainstream, investors haven’t hesitated to jump on the bandwagon. In fact, in July ETFGI found that assets invested in ETFs and ETPs had reached $5.12trn, compared to $2.16trn in 2013. While this is a positive move for investors, it has also put the squeeze on asset managers, who now find themselves […]
Detlef Glow, head of EMEA Research at Thomson Reuters Lipper argues that active managers shouldn’t use ETF’s to deflect criticism of their own performance. While observing the discussion around ETFs, especially in Europe, I become a bit concerned that the critiques are getting too tired—pundits seem to be going over the same topics again and […]
Edgar Mestre, financial analyst at the asset allocation team of Summa Patrimonia outlines the fund selection strategy his team carries out, generally favouring actively managed funds. Barcelona-based Edgar Mestre is one of the 14-strong team working at the Spanish financial advisory (Eafi) Summa Patrimonia, where he works as an investment portfolio analyst focusing on equity. […]
Research from BMO Global Asset Management’s multi-manager team reveals there are distinct markets where the probability of active funds outperforming the index over the long-term is greater, while there are other markets where it has proven more challenging to generate alpha. Research from the team – co-managed by Rob Burdett and Gary Potter – shows […]
Danish equities returned 14.3% for the average equity fund investor in Denmark during the first half of 2017, according to data published by the Danish Investment Fund Association (IFB). This return rate led all sector categories – even as most equity fund categories provided positive returns. China, the Far East and the Nordic region also […]
The active versus passive debate is often presented as a schism of the investment world, involving two intractable factions. However, my view is that active and passive must not be opposing forces. While the rise of passives presents a challenge, true active managers should not fixate on the mounting forces of beta, and, instead, focus […]
How to find the right blend between active and passive? Paris-headquartered Lyxor Asset Management has tried to answer the question by conducting its annual research on best and worst performing active managers. For the 2016 edition, some 3,871 active funds distributed across Europe covering 15 asset classes and gathering almost €1.3trn in assets under management have been compared to […]
New research from Platforum reveals that while 45% of European investors say they deal with investments entirely by themselves without any expert help, in fact only 29% are fully self‐directed. More than one third (37%) of investors who say they manage their investments themselves are receiving advice – or at least paying for it – […]
Latest data from the S&P Indices Versus Active Funds (Spiva) scorecard show that a significant share of Europe and UK equity funds underperformed their benchmarks over the past year, while many continue to underperform over the longer term. First published in 2002 to measure US actively managed mutual funds, the scorecard has been extended to […]
Danish equity funds saw returns average 5.3% in December alone as both equity and fixed income asset classes provided local investors with positive returns, according to the Danish Investment Fund Association (IFB). Key gainers on the local stock market included shipping company A.P. Møller-Mærsk and energy company Dong. However, it was Eastern Europe that provided the […]
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