Funds Europe | Investment Strategy Magazine
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Funds Europe is the business strategy magazine for Europe's asset management professionals. Funds Europe covers all areas of asset management - institutional and retail markets, traditional and alternative investments, front and back office administration.
Funds Europe | Investment Strategy Magazine
3m ago
Emerging Markets hedge funds carried their year-end surge into 2024, buoyed by expectations of falling inflation and interest rates and a stronger global economy.
The recent gains were powered by exposure to evolving AI and cryptocurrency trends, according to a report by hedge fund analyst HFR. Hedge funds heavily invested in cryptocurrency across emerging markets saw significant growth, with the HFR Cryptocurrency Index rising by +25.6% YTD through February.
Hedge funds adapt to geopolitical strain, embrace fixed income in 2024
The HFRI Emerging Markets: Global Index rose by +3.5% YTD throu ..read more
Funds Europe | Investment Strategy Magazine
3m ago
Franklin Templeton has launched a five-year fixed maturity bond fund, and its initial public offering will run from 27 March to 13 December 2024.
A sub-fund of the Irish-domiciled Franklin Templeton Global Funds plc range, the Franklin Responsible Income 2029 Fund has been registered for sale in Austria, Germany, Greece, Italy, Ireland, Portugal and Spain.
Designed to be held until maturity in March 2029, this Article 8 fund under the SFDR seeks to generate income and reduce the risk of capital loss by investing primarily in sustainable, euro-denominated investment grade government and corpo ..read more
Funds Europe | Investment Strategy Magazine
3m ago
European asset manager Amundi has strengthened its equity set-up with the appointment of Barry Glavin as head of equity investment platform.
Vafa Ahmadi, head of thematic equities for CPR Asset Management, will expand his role to oversee global thematic equity for Amundi.
Prior to joining the asset managemer, Glavin was the chief investment officer of State Street Global Advisors’ Fundamental Value Equities team since 2013. He was previously head of research, fundamental equities.
Equities outlook 2024: Key themes and macroeconomic trends
He joined State Street Global Advisors in 2006 from H ..read more
Funds Europe | Investment Strategy Magazine
21h ago
Emerging markets sovereign debt, as an asset class, is still set to deliver strong performance for 2024, says Polina Kurdyavko, head of emerging markets at RBC BlueBay Asset Management.
While emerging markets are intrinsically linked to overall global macro conditions, the direction of which remain difficult to predict, EM sovereign debt as an asset class is still primed to deliver strong performance – and therefore alpha – for 2024. This is particularly the case for those investors who are willing to be both nimble in their approach and long-term in their investment time horizon.
After a fe ..read more
Funds Europe | Investment Strategy Magazine
21h ago
ETFs gathered more than twice the amount of inflows in the first two months of the year than mutual funds, according to estimates just released.
Promoters of ETFs saw €37.1 billion in net flows while mutual funds saw €16.7 billion of inflows, according to estimates from LSEG Lipper.
During February ETFs gathered net inflows of €16 billion while promoters of mutual funds suffered €5.9 billion of outflows.
Overall, bond products – with €31.4 billion of inflows – were the best-selling asset type in February and saw the highest estimated net inflows of €61.1 billion for 2024 so far.
Detlef Glow ..read more
Funds Europe | Investment Strategy Magazine
1d ago
An energy transition fund targeting £500 million has gained £40 million from a UK local authority pension scheme.
Cornwall Pension Fund has committed to investing the sum in the Octopus Energy Transition Fund (OETF), which Octopus Energy Generation launched last year to invest in fast-growing sectors decarbonising the economy, including heating, storage and transport.
Among stocks the fund holds is Cornwall-based heat pump business, Kensa Group, which aims to scale the roll-out of heat pumps in Britain.
Cornwall Pension Fund has over £2.4 billion of assets under management and intends to hav ..read more
Funds Europe | Investment Strategy Magazine
1d ago
Geneva-based Mirabaud Asset Management completed its first real estate acquisition in the UK with the purchase of an office building that is home to Virgin Atlantic’s headquarters.
Close to London’s Gatwick Airport, the office building was purposely built in 2016 for Virgin Atlantic and is entirely leased to the company until 2032.
Mirabaud AM said the combination of Virgin Atlantic’s “nine remaining years of lease, mission critical headquarters, grade-A asset and strong West Sussex market fundamentals” made the property a compelling opportunity.
London offices beat European peers in va ..read more
Funds Europe | Investment Strategy Magazine
1d ago
Insurers increasingly spend on scenario analysis and stress testing to gain greater transparency about their investment strategies.
Part of the pressure to do this is from regulators, a global study of investment professionals in the insurance sector found.
ESG and greenwashing are also emerging as new risks alongside lingering concerns about inflation.
Around 84% believe the level of investment complexity and challenges the industry faces will increase over the next two years, according to the report from Ortec Finance, a risk management specialist, and this is driving increased spending on ..read more
Funds Europe | Investment Strategy Magazine
1d ago
Wealth manager Investec has launched a UK real estate equity investment strategy and plans to raise £250 million in the next two years.
Called “Realis”, the strategy is aimed at global investors and gives them access to “institutional-quality UK real estate and the attractive returns it offers”.
Investec – which runs a roughly £3 billion loan book on its real estate platform – will commit equity to each acquisition alongside investors.
The strategy is led by Yon Papageorgiou, head of real estate equity investments, who joined Investec in August 2022 from TwentyTwo Real Estate.
Investec said ..read more
Funds Europe | Investment Strategy Magazine
2d ago
Robeco has introduced its Emerging Markets ex-China Equities strategy – an Article 8 fund which allows investors to “calibrate their China exposure separately”.
Launching a strategy offering “a more balanced exposure to the emerging market opportunity” came amid China’s market dominance in emerging markets portfolios, coupled with geopolitical and regulatory considerations that could influence performance.
China is simply not worth the risk for public equity investors
The Netherlands-headquartered asset manager added that the actively managed strategy aims to facilitate exposure to smaller e ..read more