Report
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March, 2013
Exit from EU could hit UK asset management firms
Consultancy PwC has said a possible UK departure from the European Union after a future referendumwould place the UK asset management industry at risk. PwC hedge fund leader, Rob Mellor, said that the EU sets the regulatory framework for investmentfunds and investors in the EU, and that the UK asset management industry currently manages assetsfor ...
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February, 2013
Internally-managed pension funds outperform, report finds
Internally-managed pension funds in the UK have clearly outperformed pension funds using external managers, according to a report from State Street Investment Analytics. The report, Lessons from internally managed funds, found that internally managed funds produced annual returns of 8.8% for 25 years to the end of 2011, compared to 8.3% for their peer ...
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February, 2013
Latin America enjoying the confidence of institutional investors
Most institutional investors in North America and Europe have a favourable outlook on companies based in Latin America, according to a recent survey by investment bank JP Morgan. It found that 70% of institutional investors would recommend that a Latin American company conduct an initial public offering in today’s capital markets, in the belief ...
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February, 2013
ING outlines BRIC prospects for 2013
India could be one of the most attractive markets in 2013 according to ING Investment Management senior emerging market strategist, Maarten-Jan Bakkum. Bakkum said that prospects for the BRIC markets look more positive in 2013, as an upswing in Chinese economic growth will be beneficial to commodity exporters Russia and Brazil. He added that the ...
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February, 2013
NAPF slams EU pensions directive study
The National Association of Pension Funds (NAPF) has said that the EU’s assessment of a Solvency II type regime for pension funds is flawed. It said the proposed regulations could damage pensions and businesses for decades, and call for more work on the proposals. NAPF chief executive, Joanne Segars, commented: “This study was a ...
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February, 2013
Managers respond to the US fiscal drama
Asset managers have broadly welcomed a last-minute deal which saw the US avoid the fiscal cliff at the start of 2013. However, they haveout that much work remains to be done and much of their reaction to the deal was lukewarm at best. According to Fidelity Worldwide Investment head of global equities, Richard Lewis, the compromise agreement between ...
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February, 2013
Value still to be had in emerging markets
Despite recent underperformance by the MSCI Emerging Markets Index, fund manager Investec Asset Management says that emergingmarkets still offer investors relative value. Archie Hart, a portfolio manager at Investec, said that many emerging markets are cheap relative to the US and Europe and an active, stock-picking approach should deliver ...
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February, 2013
Berkshire goes global in search of income
The Royal County of Berkshire Pension Fund has appointed Kames Capital to manage a £70 million global equity income mandate. The appointment has been seen as a sign of a greater emphasis on income by pension funds, as they need to ensure benefits are paid, in the face of low yields on UK government bonds. Kames Capital head of ...
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February, 2013
Better days ahead for the global economy – probably
In its latest six month outlook for the global economy, Aviva Investors’ investment strategy team has placed a 65% probability on the “better days” scenario following quantitative easing announcements in September from the Federal Reserve, the European Central Bank and the Bank of Japan. But Aviva added that the 20% probability given to ...
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February, 2013
Islington commits to residential property
Islington Council Pension Fund is to invest £20 million in residential property with Hearthstone Investments. It is believed to be the first London borough council pension fund to invest in residential property. Islington will invest in the Hearthstone UK Residential Property Fund which is understood to be the UK’s first residential ...
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