BNP Paribas IP adds multi-asset EM income fund
BNP Paribas Investment Partners has launched its first multi-asset income fund focusing on emerging markets.
BNP Paribas Investment Partners has launched its first multi-asset income fund focusing on emerging markets.
The Wealth Management Association has struck a deal with MSCI to provide a series of indices, replacing FTSE as its indexing partner.
There are now for the first time more multi-asset funds than bond funds for sale in Europe, according to statistics released by Lipper today.
If the lower for longer period of global growth and interest rates does come to an end, David Jane, manager of Miton Group’s multi-asset range, said he would have to restructure roughly half of his portfolio.
The BNP Paribas multi-asset team tactic, in the current febrile environment, is to tread carefully in its search for alpha and let the fallout from Brexit, modest global growth and doubts over monetary policy play out.
Call it symptomatic of the summer lull but, with so much debate centred on cost, genuine product innovation seems to have taken something of a back seat.
Despite Brexit, the chief investment officer of Deutsche Bank’s wealth division, Christian Nolting, still sees upside potential for equities in the UK and Europe.
The three largest multi-strategy funds for sale in Europe have fared better than most other absolute return funds since the UK’s shock vote to leave the EU. However, the Standard Life GARS fund continues to underperform its peers on a longer-term basis.
Baring Asset Management has launched the Baring Dynamic Absolute Return Fund, an Irish authorised open ended investment company (Oeic) with Ucits status.
Retail investors in China may be allowed to invest in mutual fund-of-funds later this year after the release of a consultation paper from the China Securities Regulatory Commission (CSRC).
Eaton Vance Management (International), a subsidiary of US-based Eaton Vance Corp, has launched a multi-asset credit fund which is available to investors in the UK and Ireland with further jurisdictions planned.
Jane Davies, senior portfolio manager for HSBC Global Asset Management, explains why multi-asset solutions are best suited to navigate the current fragile state of world financial markets.