Politics and inflation fears wipe out 2018 European equity returns
European equity funds have lost all of their gains since the beginning of the year as inflation fears and political uncertainty have dominated headlines with the sector average returning virtually 0% over the first five months.
BTP spreads rely on Italy’s incoming finance minister
The movement of Italian government bond spreads will depend on who will be the next finance minister, and future volatility will depend on whether the new government’s decisions diverge from the European Union, according to a top fund selector.
Fund selectors still keen on EM debt despite sell-off
Emerging market fundamentals remain robust in the opinion of many European fund buyers who say a market correction has increased the appeal of the asset class, according to Last Word Research.
Iberian fund selectors’ view on US equities improves
Portuguese and Spanish fund selectors like European equities and emerging market debt, have improved their outlook on US stocks but are neutral towards Japanese equities, according to Last Word Research.
Nordic selectors warm to developed market govt bonds
Sentiment towards developed market government bonds moves to ‘neutral’ in Nordic region, but remains ‘negative’ for pan European selectors.