Portfolio

The best performing market year to date is Japan. The region fits investor preference for markets offering superior earnings growth, accommodative monetary policy, a high equity risk premium and the prospect for structural reforms and better corporate governance Earnings revisions are positive and earnings growth is not only driven by… Read More »

Wolfgang Bauer sees decent relative value in IG credit spreads at current levels and remain constructive in terms of corporate bonds, particularly in the USD market I’ve spent a bit of time in recent days looking at the performance of global investment grade (IG) credit. The chart below shows the… Read More »

The volatility on bonds is at Eurozone crisis levels, though has yet to scale financial crisis peaks and has not been transmitted to equity markets Volatility is in the air, nowhere more so than in Eurozone bond markets — German 10yr yields had risen from 0.05% in mid-April to 1.05%… Read More »

March 31 marks the end of Japan’s fiscal year, making it a very important point from which to gauge how Japanese stocks are behaving and, ultimately, whether Abenomics is having any real impact Firms Very Focused on Raising Return-­on-­Equity (ROE) During the 15 years of deflation from 1998 to 2013,… Read More »

There are high barriers to entry in terms of regulation, but Switzerland came out on top in terms of the percentage of qualified investors who are currently using ETPs. Interview with Mautone (Source) on Swiss market and about the most requested ETPs Switzerland is arguably one of the most competitive… Read More »

European ETF Market flows came to a halt in May 2015. Net New Assets (NNA) over the month amounted to EUR 47 million This is compared with an average of EUR 8.1 billion for the first four months of 2015. Total Assets under Management were still up 22% vs. the… Read More »

Source has joined forces with Ftse Russell and Research Affiliates to launch innovative index series Source, one of the largest providers of Exchange Traded Products (ETPs) in Europe, has worked with FTSE Russell and Research Affiliates to create the FTSE RAFITM Equity Income Index Series, a new family of indices… Read More »

European Smart Beta ETF market flows continued to be very strong in 2015 Net New Assets (NNA) year to date (until 30/04/2015) amounted to EUR2.2bn, more than half of the 2014 NNA within the first four months of the year. Total Assets under Management are up 45% vs. the end… Read More »

Despite recent rally, European equities offer value as earnings pick up speed Although European equity markets have outperformed the US and other developed market regions since the start of this year, Invesco Perpetual’s European equity experts continue to see value in European equities, but caution that opportunities now exist largely… Read More »

Political risk remains the main risk to the European economic outlook, and thus to markets Year-to-date review: three factors that have set the tone for equity markets in 1H 2015Coming into 2015, we believed that three key factors would set the direction of equity markets in the first half of… Read More »