Morningstar Germany has ceased to rate a number of blockbuster funds in the German market, citing lack of confidence in their ability to perform, as German publication Fonds professionell reports. This affects among others the €6bn Ethna Active fund, and Carmignac’s Investissement fund, which currently manages almost €5bn in assets. It also includes the DWS Vermögensbildungsfonds […]
Pioneer Investments has announced the appointment of two new sales directors to its Frankfurt and Munich offices. Stefan Welk joined the group as of May. Based in Frankfurt, he is now responsible to distribution to banks and asset managers. He joins from DWS Investments, where he most recently held the position of vice president. Prior […]
It is “astonishing” how little major financial markets players differentiated the creditworthiness of Europe’s peripheral nations from those at its core, given it was clear from the Eurozone’s birth that nation states, not Brussels, decided the “soundness of fiscal policy”, according to a leading German academic.
While the vast majority of the German population is in favour of the financial transaction tax backed by their chancellor, they may not realise the burden is likely to fall on their shoulders, say asset managers and fund allocators in the country.
German-speaking funds of funds (FoF) managers have defended their activities against criticism they have failed to keep pace with the times, and with multi-asset allocation products, which were the most popular fund sector in Europe last year.
Hedging multi-asset portfolios requires adopting a barbell approach to managing volatility risk, says DWS’s Christian Hille
As China closes down to celebrate the start of the Year of the Dragon, thoughts turn to what the new year could bring. The Chinese consider the dragon to be the luckiest sign of their zodiac but, appropriately perhaps for 2012, it is also seen as unpredictable.