Cross-border funds attract inflows of 22.2 bln euros, nearly 50% lower than January but still above 2012 monthly avg of 18.3 bln: TR data
Money market funds: Investors pulled out of GBP and EUR-denominated funds into DLR ones, leaving YTD sales flat on the year at 240mln euros
“JGBs used to be low-risk low-return. Now they are becoming high-risk low-return.” JGBs dive, 5yr yield hits 1yr high http://t.co/CzeEnDChV4
Active vs passive debate: the case of “monkeys”; – Global Investing http://t.co/HZ6rZ4YKSx
Active vs passive debate: the case of “monkeys”
As CalPERS considers switching all of its portfolios to passive investing, questioning the effectiveness of active equity investment, there have been some interesting findings that would stir up the active vs passive debate.
Researchers at Cass Business School find that equity indexes constructed randomly by “monkeys” would have produced higher risk-adjusted returns (ie return adjusted by measuring how much risk is involved in producing that return) than an equivalent market capitalisation-weighted index over the last 40 years.
“Smart beta” may prompt pension funds back in stocks. Read my analysis here http://t.co/T99iigoU2F via @reuters
“Smart beta” investing may lure pension funds to equity
LONDON (Reuters) – Pension funds may be attracted back into rising equity markets by new techniques for investing in an asset class they shunned for years as volatile and costly.
Boosting equities and “alternative” investments such as real estate, private equity and hedge funds may seem obvious for pension funds needing to boost pallid returns from bond-heavy portfolios suffering negligible or even negative real yields.
Analysis: “Smart beta” investing may lure pension funds to equity
LONDON (Reuters) – Pension funds may be attracted back into rising equity markets by new techniques for investing in an asset class they shunned for years as volatile and costly.
Boosting equities and “alternative” investments such as real estate, private equity and hedge funds may seem obvious for pension funds needing to boost pallid returns from bond-heavy portfolios suffering negligible or even negative real yields.
Do you wake up after 6 having hit the snooze button? Maybe you are not a CEO material.What time do top CEOs wake up? http://t.co/6uywiRoZkn
Our review of Q1 capital mkts (@Dealintel): global high yield corp debt vol $132bln, + 22% vs 2012, strongest annual start ever (since 1980)
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