BlackRock has launched a fixed income fund that invests in global macroeconomic strategies with exposure to regions where interest rates are attractive and also where markets are effected by supportive monetary policy.
Standard Chartered Bank has revised its forecast for the renminbi following Brexit, and now expects the currency to devalue further this year.
Sterling leapt 1.4% today as markets welcomed the restoration of some stability in British politics following the referendum on European Union membership.
With the Fed keeping rates on hold and sterling under pressure, it is a good time to look for dips in commodities and increase exposure to emerging market equities, says Trevor Greetham, head of multi-asset at Royal London Asset Management.
The British pound and FTSE 100 both bounced significantly after record falls during frantic trading in the wake of the United Kingdom’s decision to exit the European Union.
European investors hoarded cash in May. As Brexit-induced uncertainty dominated markets, they poured a net €14bn (£10.8bn, $15.8bn) into USD money market funds, according to Lipper fund flows data.
China’s currency depreciation trend playing out in 2016 looks set to continue, according to Jade Fu, investment manager at Heartwood Investment Management.
BlackRock has launched a sterling strategic bond fund for fund managers Simon Blundell and Ben Edwards.
However, Japan is among the markets least likely to outperform this year, according to a sentiment survey of 1,200 institutional and professional investors conducted by Credit Suisse.
Investors are pinning their hopes on the dollar after sterling hit a nine-day high against the currency earlier this week and they will continue to do so over fears of a Brexit vote in June, says deVere group’s head of foreign exchange, James Stanton.
Fifteen months after bringing its first three ETFs to Hong Kong, the firm is launching four more on February 18.
The Swedish central bank’s surprise announcement that it has pushed interest rates further into negative territory is the latest piece in what is an increasingly worrying puzzle.
