The announcement by the Icelandic government last week that it is planning to lift the capital controls on the island can already now be seen as a watershed moment for local fund selector polls, at the Expert Investor Iceland held last week in Reykjavik revealed.
Although the Icelandic economy is back on a steady growth path, with GDP growth at 1.9% in 2014, strict capital controls, a relic of the banking crisis which struck the country in 2008, are still in place. Since autumn 2008, Icelandic investors have not been able to move any of their capital out of Iceland. […]
The market volatility of recent months has led to a radical shift in fortunes for the participants in EIE’s Fantasy Fund Picker Competition.
Egill Darri Brynjólfsson from Landsbref Bank in Reykjavik talks with EIE editor Dylan Emery about the implications of the capital controls for Icelandic investors.
European equities are a much better proposition than US equities, says Egill Darri Brynjólfsson from Landsbref Bank in Iceland.
At the EIE Iceland event, developed market equity managers all agreed that EM growth is still what investors should be chasing
This gallery features a slideshow of photos taken during the Expert Investor Europe Iceland event in June 2014.
Iceland’s fund selectors are keen to join the EU and to step up their allocation to international equities, but both wishes seem far away dreams.
1.) For European equities, do you prefer (Multiple Choice) Small-cap17% Large cap50% No preference33% 2.) For European equities, do you prefer (Multiple Choice) Growth44% Value39% No preference17% 3.) For US equities, do you prefer (Multiple Choice) Small-cap17% Large cap56% No preference28% 4.) For US equities, do you prefer (Multiple […]
Iceland’s fund selectors prefer to invest the bulk of their limited foreign currency exposure in global equities.