With 2013 almost over, many investors will have their eyes on where to allocate money in 2014 following the strong bull that dominated this year.
European fund flow report shows equity net inflows stood at €15.2bn for the month.
Structurally-high inflation in the UK means the Bank of England should be the first off the blocks for an interest rate hike, Fidelity’s Andrew Wells says.
How are bond funds reacting to the equity bull run?
Firm writes to unitholders for permission for derivative use to take short positions.
Michel Canoy is to leave the firm at the end of January.
New launches add to existing Early Bonus Plan and Growth Deposit Bonds product ranges.
Low level of sales since the RDR have led to L&G closing its with profits bond to new business.
Govt says it is exploring possibility of reducing requirement retail bonds have remaining maturity of over five years.
The Legg Mason Western Asset Macro Opportunities fund will run a liquid, alternative macroeconomic strategy to make returns while keeping fund volatility between 5 and 10 per cent.
With around 5,000 funds for the UK investor to choose from and widely differing performance depending on who is at the helm, identifying a strong manager has never been more important.
Fund is targeting a return of Libor plus 5-7 per cent.
Damien Vermonet has also been newly appointed to the role of fund manager as part of the convertibles team at Schroders.
Claudia Calich appointed lead manager of the £32m fund.
Recently appointed chief executive officer Martin Davis also says Kames has experienced less outflows from bonds than most of its competitors during the tough year for fixed income.
Santander Asset Management has hired former Schroders bond fund manager David Scammell for its European fixed income team.
The Neuberger Berman Short Duration Emerging Market Debt fund launched with £12m of assets.
New strategy follows pre-existing £194m Renminbi Bond fund.
Marcin Adamczyk and Alia Yousuf have joined as senior portfolio managers in EMD local currency.
Although many commentators view the onset of tapering as the biggest risk facing markets and the global economy, Bank of America Merrill Lynch has identified 10 concerns that arguably pose a bigger threat to stability.
Zemek replaced by Barclays global head of portfolio and liquidity management John Porter.
New launch is based on existing institutional strategy.
Hikes in utilities and transportation costs along with possible housing boom could further inflame inflation, says Axa IM’s Chris Iggo.
Launch is being made in partnership with Big Issue Invest, social investment arm of The Big Issue.
BNY merges £291.6m Overseas Equity into £1.66bn Global Equity fund.
With traditional defensive asset classes not providing the same protection, what strategies are firms turning to for downside protection?
GARS strategist Andy Ford says that the “low but positive” growth environment expected for the US in 2014 should prove beneficial for US high yield compared to European market.
The fund manager has increased equity exposure within £16.5bn bond fund while cutting duration by 0.4 years.
Henderson Global Investors will tomorrow launch a global high yield bond fund for Chris Bullock and Kevin Loome.
Fund investors continued to sell emerging market stocks and bonds last week after strong US growth numbers increased the chance of the Fed starting to taper quantitative easing.
Highly-leveraged UK companies’ bonds are looking less attractive in a post-tapering world with increasing borrowing costs, Rathbone Stregic Bond co-manager Bryn Jones says.
Equities are likely to bounce back from tapering but high yield debt is a different story, Aviva Investors’ multi-asset team says.
High-yield bond funds are usually tipped to outperform other fixed-income funds when interest rates are on the up but the potential for QE tapering has put some clouds on the horizon
Multi-asset fund manager has steered away from gilts to better protect his portfolio.
The Ireland-domiciled fund will invest in a mixture of short duration investment grade and high yield corporate bonds.
Generally “sticky” UK inflation and increasing United States housing costs and could see inflation run off with central banks on both sides of the Atlantic taking potentially inflationary monetary stances, Fidelity bond manager says.
Fund to be managed by head of convertible bonds Renaud Martin and senior portfolio manager Nicolas Cremieux.
Richard Ford and Leon Grenyer’s Morgan Stanley Sterling Corporate Bond fund added because of its “exceptional” performance.
However, OMGI chief executive does admit star managers are not easy to find.
Fund manager using combination of put options and selling risky assets.