Funds Hub
Money managers under the microscope
from Global Investing:
Survival of the fattest?
Is there room only for the biggest, most aggressively-marketed funds in crisis-hit Europe?
Europe's ten best-selling funds have attracted nearly a third of net sales across bonds, equity and mixed assets so far this year, as the grey bars show in the following chart from Thomson Reuters' fund research firm Lipper.
TEN MOST SUCCESSFUL FUNDS' NET SALES AS A PROPORTION OF ALL SALES
The numbers -- which exclude ETFs -- are even more staggering if looking at at the concentration of sales into groups/companies, rather than at fund level.
Then, data compiled by Fitch ratings using Lipper shows that over the past three years Europe's ten biggest firms have attracted around 80 percent of flows into fixed income, equity and mixed assets.
Morning Line-Up: Carlyle, Chinese Stocks, Prudential Inc
News and views on the asset management industry from Reuters and elsewhere:
Carlyle acquires Dutch fund of funds – FT
International funds move into Chinese stocks – Wall Street Journal
Morning line-up: Geldof’s equity tip, UK public pensions, Jupiter’s debut
News and views on the funds industry from Reuters and elsewhere:
Geldof’s investment tip for UK pension funds - FT
Public workers to pay more towards their pensions - Telegraph
Jupiter higher on market debut- Reuters
from Global Investing:
Revisiting March lows
No, not in the way you think. Tuesday marked the one-year anniversary of world stocks hitting what appears to be their post-financial crisis low. The index was the MSCI all-country world index. The low was hit on March 9, 2009.
At the time, many investors reckoned their world was collapsing. Stocks had fallen close to 60 percent in a little more than 16 months. But the low proved to be the start of a remarkable rally that brought the index back up 80 percent until January this year.
