Significant exposure to Germany has paid off for equity fund managers since the global financial crisis began in mid-2007, as their portfolios’ long-term returns comfortably beat both European shares and the average European equities fund.
This past weekend’s action by Spain to seek financial support from outside the country for its banking sector has been generally positively received, but David Simner, portfolio manager on Fidelity’s Euro Bond Fund urges caution.
Fidelity Investments is in negotiations with potential investors interested in buying its India mutual fund business, according to a report on the Economic Times website.
Allocators have preferred boutiques running European equities to larger managers this year, as most of the 30 companies enjoying the largest net inflows sat outside the largest 30 houses for the strategy.
BNY Mellon appoints new EMEA head BNY Mellon has appointed Dean Fletcher as regional head of BNY Mellon corporate trust, Europe, Middle East and Africa. Before his appointment, Fletcher was co-head of EMEA for corporate trust with Joe Duffy who remains chief executive officer of The Bank of New York Mellon (Ireland) and will continue […]
Now Europe and the US markets have been put in the ‘too-difficult’ basket, managers and allocators have turned attention to Asia, a region some might feel is the world’s ‘last man standing’.
European shares are falling further this morning after a rout on major indices yesterday amid fears of another recession and Europe’s debt problems widening to engulf Italy and Spain.
Fidelity loses Swiss fund rating, ING IM Liquid Euro fund gains top rating, five Ucits funds set to launch on Merchant Capital platform, Citi opens Lux securities desk
UBS plans to dip further into European wholesale markets and will do so with a key appointment from Baring Asset Management at its helm.
Two new hires have been made at JO Hambro Capital Management (JOHCM) ahead of its new European fund launch, both moving from Thames River Capital
UK multimanager Investment Solutions, which has declared its intention to grow in the UK, has picked Rufus Warner as its new chief executive.