German-speaking funds of funds (FoF) managers have defended their activities against criticism they have failed to keep pace with the times, and with multi-asset allocation products, which were the most popular fund sector in Europe last year.
Continental allocators facing difficult prognoses for their local markets are encouraging clients to ‘try something new’, but managers say Europe still has a role in portfolios.
Would you like some Dim Sum? Europe’s fund managers reveal their secret recipes for playing China’s offshore local currency bond market.
Beijing will not fully liberalise its currency for at least seven years, though gradual internationalisation of the tender until then should still provide long-term annual currency appreciation versus the US dollar of about 5%, according to Allianz Global...
In easier markets, some managers got used to bending mandates and providing less than complete explanations to investors. Manuela Thies at Allianz Global Investors talks about restoring high reporting standards
As Berlin votes today on boosting the eurozone's rescue fund, the European chief investment officer of RCM has cast doubt about the ability of politicians to ‘supersize' the European Financial Stability Facility from its current €440bn.