One year on from China’s surprise currency devaluation, there is still room for a further gradual depreciation of the renminbi against the US dollar, said Jade Fu, investment manager at Heartwood Investment Management.
In August 2015, emerging market equities were in the midst of the most serious market correction since 2008. A year on, investors are more bullish than ever about the asset class. Is this radical change of mood justified?
As the old strategy of “sell in May” has proved a failure thus far in 2016, Russ Mould, investment director at AJ Bell, looks at five indicators investors can use to judge whether there are further gains to be made or whether markets are entering bubble territory.
One year after the surprise yuan devaluation and subsequent market crash, $4.5bn has flowed out of funds focused on China equities, according to data from Morningstar.
A negative yielding bond is trading like a commodity, according to Oksana Aronov, managing director of JP Morgan’s Income Opportunity Fund.
As the world’s attention turns to Rio for the opening of the 2016 Olympic Games on Friday, fund managers have assessed the investment opportunities on offer in the most powerful Olympic sporting nations.
The uncertainty stemming from the United Kingdom’s referendum on European Union membership was the main driver of a £3.5bn ($4.6bn, €4.1bn) net outflow from UK asset managers in June, according to the Investment Association.
Markets were largely flat on Friday as investors digested the news that Japan has decided not to launch the ‘helicopter money’ that some see as the answer to its economic struggles.
Investors will have to be much more nimble with decisions due to political risks ahead, but Brexit hasn’t clouded the outlook, said Daniel Murray, chief economist and head of research of EFG Asset Management’s wealth management business.
Standard Chartered Bank has revised its forecast for the renminbi following Brexit, and now expects the currency to devalue further this year.
The past 12 months haven’t been a great time for equity investors. Only US equities delivered a positive return during the period, albeit a modest one. A year ago, few European investors were betting on this asset class to do well though.
Jersey has developed a brochure to advertise the island as a destination for the formation and administration of philanthropic structures.
