Multi-asset boutique increases European exposure
Boutique London-based asset manager Kestrel Investment Partners is increasing exposure to Europe’s financial, telecom and pharmaceutical sectors on the back of the European Central Bank’s quantitative easing (QE) decision.
ECB rate rise unlikely before 2020, says Franklin Templeton
Slowing growth, low inflation and political risk in Italy suggest ECB will extend its asset-buying programme into 2019 and as a result push rate hikes further into the future, says asset manager.
Stark: ECB interference causes ‘unintended consequences’
The European central banks’ market interventions, such as their asset purchase programme, has created the “unintended consequence” of the institutions becoming a dominant decision maker in investments, and has led to risk not being priced properly, according to ex-ECB chief economist Jürgen Stark.