Category Archives: Funds

t-rex

UK Dividend Funds: Commodity funds in disguise….

Oh boy, the indexation dinosaur is about to strike again. Of course, active equity fund managers will be criticised for lacklustre performance in 2014 but do not assume passive tracking of the UK market is without risk.

January 14th, 2015 by

Funds

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china shadow banking

More China trust issues in the shadows….

We have written before about tensions in the massive Chinese shadow banking system. Higher interest rates are exposing (de)fault lines in the $1.8 trillion trust product space.

February 14th, 2014 by

Funds

Comments: 0

shanghai shock

Your global fund won’t thank emerging markets this year…

Nobody doubts the benefits of a diversified portfolio and global equities fund products have been popular in recent times. However, the best performing global funds of 2013 will be those which steered clear of very disappointing emerging markets.

December 20th, 2013 by

Funds

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fear face

Chart: The price of fear…..

Flights to safety can be expensive. Investors hoarding in cash or bonds will look on jealously at equities’ 2013 returns but what about investors in the ultimate fear trade, gold?

December 17th, 2013 by

Funds

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storm weather

Macro: Three major consequences of an interest rate shock….

Yes, the charts of spiking US bond yields are familiar by now but it is remarkable to see the pronounced ripple effect of such moves across a variety of investment classes. Three snippets caught our eye…

August 21st, 2013 by

Funds

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cryingletter

Ahem, a good week for Paulson funds!

In the interests of balance it is worth noting John Paulson’s funds are possibly off to a great start in Q3. Mainstream financial media have been quick to point out lots of Paulson investor pain and distress in recent times, … Continue reading

July 15th, 2013 by

Funds

Comments: 0

bombsaway2

Bonds away! The certainty trade echoes 2008 panic!

The prevailing wisdom for bond investors was that there was a certainty of the return OF your money plus a historically low level of annual income attached. Now it seems like the return ON your money suddenly matters.

June 27th, 2013 by

Funds

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brokerpanic

A graphic display of retail panic in bond funds…

The “great rotation” was bandied about with great gusto at the outset of the year as US equities funds witnessed some strong inflows. However, that thesis didn’t ring true as bond funds continued to see healthy inflows.

June 26th, 2013 by

Funds

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experience

UK Funds: Watching 390 years of experience combine!

Often it is more insightful to watch what managements do rather than what they say. Schroders, the 200 year old asset manager, sold its investment bank in 2000 but is only now putting the proceeds to work.

March 26th, 2013 by

Funds

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lastwave

Giant active fund manager capitulates to the passive perfect storm?

Earlier we wrote about the dangers of allocating investment capital purely based on size rather than cash returns with the mining sector provided damning evidence. But is size killing the funds industry in another way?

March 20th, 2013 by

Funds

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