Scope’s top small asset manager Comgest outperforms group’s top large manager Kepler-Fonds, according to Morningstar data
Brexit downturn could slow global growth
Investor consensus pegs recession for Q1 2020
Fidelity International denies plans to launch zero-fee funds
Fidelity International has no plans to follow its US sister company Fidelity Investments by launching zero-fee index funds.
Selectors cool on China despite buoyant returns
The risk of a trade war between China and the US has fuelled investor uncertainty. One fund selector has dropped their only China equity focused fund while another portfolio manager has reduced his China allocation.
Spain: plus ça change
Spain’s government collapsed last week and Pedro Sánchez replaced Mariano Rajoy as prime minister but unlike the political turmoil in Italy, Spanish bond markets have been unruffled.
Eurozone volatility could boost appeal of UK stocks
British equities may benefit from political turmoil in Spain and Italy despite Brexit concerns.
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.
Fidelity steps up passives price war
Fidelity International has stepped up the passives price war with the launch of six low cost Irish-domiciled equity index funds and the reduction of pricing on three existing UK-domiciled index funds.
Fiscal policy concerns after Italy’s populist parties gain
The market reaction following the success of Italy’s populist parties at Sunday’s general election will depend on how diluted their stance will be going forward on fiscal easing and being anti-Europe, according to experts.
Fidelity poaches Amundi’s head of equities to fill Rossi role
Fidelity has hired Amundi Asset Management’s head of equities Romain Boscher to be its new global chief investment officer, equities.