September 2011

DisasterThe effect of a fund manager’s tenure on the performance of the fund they manage appears to be very real. Nick Fitzpatrick looks at Lipper data provided exclusively to Funds Europe that suggests tenure – and probably age and experience – should be a factor in fund manager selection.


Gold-barsWhich allocations will protect investors in these troubled times? George Mitton examines the outlook for key asset classes­.


BarometerBond managers have had a great deal thrown at them. The latest is the US downgrade. Fiona Rintoul asks investors what to expect – and finds few are in the mood for predictions.


AppleThere are signs that approaches to investing in alternatives are changing. Fiona Rintoul finds that some investors group long/short investment into a broader equity allocation. However, complexity dissuades other investors.


ButlerApproaches to equity investment have been shaped by the 2008 crisis. Mark McFee finds evidence of this in the August sell-off and looks at some of the current thinking surrounding investment for institutions, retail and wealthy clients.


STEEL-YENInvesting in commodities can protect against wars and supply shocks while cashing in on emerging market growth. But the asset class is blamed for worsening hunger in the Third World, finds George Mitton.


Question-markThe growing range of absolute return funds has been called a confusing jumble of strategies that risks misleading less savvy investors. George Mitton asks if regulators should move to discourage the term.


Fish---blueTotal European net fund sales yo-yoed their way through the first six months of 2011, but ETFs enjoyed much steadier flows. Mark McFee asks if this shows that ETFs are set apart from the rest of the industry.


Tax-burdenUS authorities have pushed back the date for compliance with its Fatca rule in recognition of the burden it will cause. Nick Matthews and Matt Haddow, of Kinetic Partners, explain the challenges for fund businesses.


Lady-TeaAssets under management in Islamic funds are stalling. Pierre Weimerskirch and Farabi Zakaria, of Ernst & Young, give a Luxembourg perspective on challenges to growth, which include product ‘lookalikes’ and the ‘myth’ that Islamic finance is for Muslims only.


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Sponsored articles

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.

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Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

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

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

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

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.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.