Fitch Ratings’ Aymeric Poizot and Richard Woodrow review challenges to risk budgets in multi-asset funds
Aymeric Poizot and Richard Woodrow at Fitch Ratings have analysed the performance of multi-asset funds relying on new risk budgeting techniques.
Absolute return funds' performance has improved with over 70% of funds posting positive performance in 2012 and 2013, Fitch Ratings latest report revealed.
Standard & Poor's has cut France's sovereign credit rating by one notch to AA from AA+, judging President Francois Hollande's economic reforms inadequate to spur growth.
Fitch Ratings says that its decision to put the US on a negative credit watch following the recent crisis around extending the debt ceiling should not lead directly to any downgrades of Asian sovereign bonds.
InvestmentEurope's Professional Investor Forum took place in Amsterdam during the second week of October. Here is a selection of key moments.
The European AM industry is expected to grow unevenly as competition remains intense in the market, Fitch Ratings latest report says.
Fitch Ratings says in its initial reaction to the German parliamentary elections that any coalition agreement on fiscal policy is likely to be set with reference to existing targets.
The end of quantitative easing by the US Federal Reserve has raised concerns among European investors about the effect on emerging markets from a decrease in liquidity, according to Fitch Ratings.
Prepayment rates on Italian RMBS have hit an all-time low and are unlikely to increase in the near future because of tight credit conditions, says Fitch Ratings.
The Central Bank of Turkey's decision to increase its overnight lending rate shows that the country is aware of the risks presented by currency weakness, high inflation and falling capital inflows, says Fitch Ratings.
An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey.
Analysis of euro denominated constant net asset value money market funds has found a re-allocation away from UK towards core European and supranational exposures over the past 12 months, ratings agency Fitch has said.
Insurers are scaling up their inflation hedging activity in response to growing concerns over the threat of rising prices.
Norway's household debt has hit an average level of 200% of disposable income, which has forced Fitch Ratings to reconsider the impact of external shocks such as higher unemployment on investors in covered bonds.
The acquisition of Cazenove Capital by Schroders is unlikely to impact Fitch's rating of Schroders Investment Management, currently at 'M1' Asset Manager rating and 'A+' Long-term Issuer Default Rating, the rating agency said.
Fitch Ratings has noted the dangers in the response by European and other policymakers' approach to the financial problems of Cyprus.
Continued deleveraging coupled with €60bn in increased deposits through 2012 have helped the bigger French banks improve their financial position over the past year, says Fitch Ratings.
Fitch Ratings' Asset Management and Fund Quality ratings are now available on Eikon, the desktop market data solution from Thomson Reuters.
Fitch Ratings has downgraded Italy's long term Issuer Default Ratings to BBB+ from A-, with a negative outlook.