February 2013

cigarette smokeBonds yields are in the toilet, in industrialised nations at least, and so I was unsurprised when a friendly (equity) fund manager recently said that investing in bonds is a mug’s game.

BootsWould you like to hire an active fund manager but pay them a passive-like fee if they underperform? Wyoming’s pension fund has done just this and says other plans could do too, if they ‘dig their heels in’. Nick Fitzpatrick reports from New York.

HouseUS pension funds are massively home-biased, but direct allocations to emerging market equities are slowly rising. Nick Fitzpatrick reports from New York.

E RepettoDirectors at Dimensional Fund Advisors include academic luminaries who have shaped how returns are measured. Nick Fitzpatrick reports.

In numbersMutual fund investors in the United States look particularly annoyed with active returns if fund flow data is anything to go by, says Nick Fitzpatrick.

AcornsAfter a formidable year in 2012, the United States stock market is likely to be a popular focus for investors in coming months. Some say it pays to invest in small caps, particularly those owned by their founders. George Mitton reports.

CarA solution to the debt-ceiling crisis could unleash business investment in the United States, but will require tough decisions on tax and entitlement. George Mitton reports.

Stage… and although fund platforms should help ETF providers grow their business in the UK retail market, Nicholas Pratt finds there are still operational issues.

Thorn crownNo one is predicting that core sovereign bonds will perform any better in 2013 than at the current low levels. Fiona Rintoul asks it they are still a safe option.

CurrencyLegal cases against custody banks in the United States over currency trades puts the issue of foreign exchange outsourcing in the spotlight, writes Nicholas Pratt.

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Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

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SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.