Selectors prefer growth GEM funds but value performs better
European fund selectors expressed a preference towards growth emerging market funds over value during the last six months. However, Europe’s top performing funds allocated a greater weighting towards value stocks during the period.
Ethical exclusions lower Norway’s sovereign fund returns
Norway’s giant sovereign wealth fund has returned 1.6 percentage points less on an annualised basis over the last 12 years because it excluded some stocks on ethical grounds.
Dollar beats sterling as money market funds start 2018 strongly
US dollar denominated money market funds topped the charts in terms of inflows for January this year, while UK sterling funds saw the biggest outflows from this sector, according to the latest Thomson Reuters Lipper data.
Nordic fund platform, Kames Capital sign distribution agreement
Nasdaq’s Scandinavian fund platform, Nordic Fund Market, has signed a distribution agreement with UK fund manager Kames Capital to offer its range of 11 Dublin-registered funds.
Norway’s wealth fund sets anti-corruption expectations
Norway’s sovereign wealth fund, the world’s largest at $1trn (€808.8bn), has set out a series of strong anti-corruption measures it expects the 8,985 companies it invests in to have.
Nordic fund selectors look to Asia, GEM over European equities
Demand for European equities is the lowest from Nordic fund selectors as they turn their interest towards Asia and emerging markets, according to Expert Investor.
$1trn Norway wealth fund wants to drop oil and gas stocks
Norway’s sovereign wealth fund is proposing to dispose of all its holdings in oil and gas stocks to “make the government’s wealth less vulnerable to a permanent drop in oil and gas prices,” the fund announced in a letter to Norway’s ministry of finance.