Fund Strategy
7 January 2008
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All at sea
7 Jan 2008
Uncertainty laps at the bows of the investment industry in the wake of last year's turbulence. But although the year will not be plain sailing, few experts predict a global recession, writes Frances Hughes.
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Be patient, Reita tells investors
7 Jan 2008
Reita, the organisation created to promote real estate investment trusts (Reits), has called for patience from investors. Patrick Sumner, its chairman, says investors will return to the market when conditions are more stable. The trusts, launched at the start of 2007, have been hit by deteriorating market conditions, with share prices falling about 40% in just 12 months.
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Boom fuels growth in African bonds
7 Jan 2008
Although much investor attention has focused on African equities, few have noticed the growth of African debt as an asset class.
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Bulls look forward to brighter climate
7 Jan 2008
Investors should seek sanctuary in climate change themes, but the prospects for global growth are not as gloomy as some bears predict - particularly as emerging markets develop further.
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Clean-up offers a world of promise
7 Jan 2008
Environmental technology is growing. Investment in the sector is forecast to rise 650% by 2016 as governments, businesses and individuals respond to pressure to clean up the globe.
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Deep pessimism over growth in 2008
7 Jan 2008
Expectations of economic growth and corporate profits for the next 12 months are among the worst ever recorded, according to the latest Merrill Lynch global survey for December.
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E.Tr@der
7 Jan 2008
From: e-trader@stella-am.comTo: george.lark@virgin.netSubject: Re: Happy New Year.
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Fidelity plans aggressive Asia fund
7 Jan 2008
Fidelity is in the planning stages of launching a more aggressive version of its £1.1 billion South East Asia fund. Fund Strategy understands that the new fund, will invest in fewer stocks than the existing South East Asia Oeic, which was launched in 1984.
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Fund Manager's Diary
7 Jan 2008
Saturday It is a Christmas tradition that my wife and I dine out with my cousin and his wife at this time. This year I suggest that, rather than eating in one of London's restaurants one evening, we should make a day of it and have a leisurely lunch at the Pot Kiln in Berkshire, a favourite gastro pub of mine. It is run by celebrity chef Mike Robinson and much of the meat served is either shot by him or reared locally. In particular, muntjac, seasonal game and what the ...
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Is it too soon to go back into banks?
7 Jan 2008
Some investors expect the market to bounce back while others play safe - but with financial stocks at low valuations, the question of when to reinvest in the sector grows more pressing.
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Lazard seeks fortune in america and financials
7 Jan 2008
Patrick Ryan, manager of Lazard Global Equity Income, answers questions from Adam Lewis.
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Lincoln set to drive into the spotlight
7 Jan 2008
It is "not the name on every IFA's lips". But Lincoln Unit Trust Managers aims to raise its profile among intermediaries this year. Will Jackson finds that it will have much work to do.
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Merging? Then mind the culture gap
7 Jan 2008
Four big "Cs" traditionally matter to merging companies - competencies, content, channels and customers - but Tim Galpin tells Tsering Namgyal that a fifth should be added: culture.Given the cross-border nature of so many mergers and acquisitions (M&A), post-merger integration of companies presents significant challenges today, especially at the cultural level, according to Timothy J Galpin, associate professor of management at the University of Dallas and a widely published specialist ...
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Offshore domicile for new firms
7 Jan 2008
All 19 of the new investment companies listed in 2007 were domiciled overseas, according to the Association of Investment Companies. The funds were mainly domiciled in Jersey and Guernsey, with 23% of new issues by value coming from the hedge fund sector.
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Oil hits $100 on first day of trading in 2008
7 Jan 2008
The price of oil reached $100 a barrel last week during the first day of trading in 2008. The cost of crude reached $100 for the first time since it rose by over 58% in 2007, ending the year at $87 a barrel, up from an average of $50.79 the previous January.
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Rebalancing means more than finance
7 Jan 2008
This year is expected by some to be one of global rebalancing. But the conception of what such rebalancing means is generally too narrow. The common understanding is that production will be brought more into line with consumption.
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Santander fund of funds launch
7 Jan 2008
Santander Asset Management has launched the Emerging Markets fund. The portfolio is an actively managed fund of funds, investing in companies from developed markets where most earnings come from emerging markets. It uses specialised regional managers as well as global managers and aims to outperform the MSCI Emerging Markets index. The fund has an annual management fee of 1%. It is run by Estrella Llorente, who reports to Keith Speck, the recently appointed head of multi-manager.
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Star china fund's recipe for success
7 Jan 2008
Charlie Awdry made Gartmore China Opportunities the best-performing investment fund of 2007 by focusing on good domestic consumer companies - a strategy he continues to back.
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Surprise at scale of fall in British fund sales
7 Jan 2008
Net retail sales of British-domiciled funds fell sharply in November, according to statistics from the Investment Management Association (IMA). Gross retail inflows of almost £6 billion were more than offset by repurchases of £6.3 billion, causing an overall net retail outflow of £333m.
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Swip appoints investment head
7 Jan 2008
Scottish Widows Investment Partnership (Swip) has appointed Stephen Hall as an investment director in its global developed markets team. Hall is responsible for managing portfolios and researching the utilities, financial and consumer discretionary sectors of the Japanese market. He joins Swip from Resolution Asset Management, where he was an investment manager on the Japanese desk.
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Swip makes its multi-manager entry a double
7 Jan 2008
Scottish Widows Investment Partnership (Swip) has launched two multi-manager funds to mark its entry into the fund of funds market.
