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A tech correction is coming and why you should be happy about it
By IMD Professor Wade A tech correction is coming. The only remaining question marks are when it will happen and how bad it will be. Let’s take a look at the evidence. Michael Wade, IMD The NASDAQ index is now up around 5,000 points, the culmination of...
Macro uncertainty lingers... Main certainty is that uncertainty rules again!
Author: Valentijn van Nieuwenhuijzen, Head of Multi-Asset at NN Investment Partners (NN IP) Risky assets continue to make impressive intra-day moves, but essentially started to trend sideways since late August. Basically the same holds for government bonds as...
Schroders about FED keeping rates unchanghed
Lisa Hornby, Fixed Income Fund Manager based in Schroders' New York office comments on the US Federal Reserve decision to hold rates: "The number of hours spent analysing today’s FOMC rate decision must have set some kind of record. Ultimately, the Federal Reserve...
"The Fed will be responsive to changes in the outlook"
Western Asset Portfolio Manager/Research Analyst John Bellows offers his thoughts on the September 17, 2015 Federal Reserve (Fed) decision. Today’s decision reflected the Fed’s willingness to change the path of policy as a response to changes in the outlook....
How to invest like. . . Thomas Rowe Price, the ‘growth stock’ evangelist
Like many people, Thomas Rowe Price tried a variety of jobs in his youth. What he experienced was to have a deep influence on his style as an investor. Thomas Row Price His very first job, immediately after the First World War, was with a stamping and enamelling...
Stenham’s Stoelker among top hedge fund talent
Stenham Asset Management’s Lynda Stoelker has been named one of the 50 Leading Women in Hedge Funds. This biennial survey, run by The Hedge Fund Journal, recognises 50 female hedge fund industry leaders based on data gathered from interviews with industry experts...
BAML recognises globalisation of credit markets
Hermes Credit has welcomed last month’s decision from Bank of America Merrill Lynch to retain emerging market issuers in BAML’s benchmark Global High Yield Index. Fraser Lundie and Mitch Reznick, the co-heads of Hermes Credit, believe emerging markets play a fundamental...
Why Evenlode remains bullish on the unloved consumer
Whether interest rates in the developed world do rise by any significant degree in the next year or two remains to be seen. Hugh Yarrow But the prospect of rising rates has led to a rise in bond yields in recent months, and a narrative has formed in the investment...
Why we are still shorting German bunds (Neuberger)
Jon Jonsson, manager of the Neuberger Berman Global Bond Absolute Return Fund, is retaining his short position on German bunds. While the yields on German government bonds have backed up significantly since the lows in April, a trade Jonsson was positioned for...
Panic selling returns on China fears
Panic returned to markets in late August as a severe collapse for Chinese stocks led to renewed fears for the health of the global economy. Chinese markets, particularly the domestic A-shares, have enjoyed an extraordinary rise over the past year, but this unravelled...
State Street Global Advisors Expands Real Estate Offering with New ETF
State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT), today announced the launch of the SPDR FTSE EPRA Europe ex UK Real Estate UCITS Exchange-Traded Fund (ETF). The fund, which listed on the Deutsche Börse, Xetra...
Martin Currie confident for equities H2
Michael Browne, Portfolio manager, European long/short at Martin Curry (a Legg Mason affiliate) Michael Browne It has been an eventful year so far for European equities with some tangible signs of recovery alongside political and economic upheaval. Against...
Stocks getting expensive but dividends remain attractive according Martin Currie
Interview with Alan Porter, Global equity income at Martin Currie (Legg Mason) It has been an eventful, but largely positive, year so far for global equities. Against a backdrop where a number of macro factors have continued to drive global market sentiment,...
Sovereign Debt Restructuring: The Greek Challenge
In contrast to the usual great memories spent on the Mediterranean, this July will rather be remembered in a less sunny manner. It will go down in history as the first time that the irreversibility of the European Union's evolving monetary union,the Eurozone, was...
Court ruled in filing of Euronext versus BinckBank/TOM
Today the District Court of The Hague ruled in the case Euronext N.V. and Euronext Amsterdam N.V. ("Euronext") filed against TOM Holding N.V., TOM Broker B.V., TOM B.V. and BinckBank N.V. (BinckBank). The Court awarded a number of claims of Euronext. BinckBank...