Hung Italian parliament ‘best scenario’ for investors
The expected hung parliament following this weekend’s Italian election is likely to encourage fund selectors towards Italian equities and away from the fixed income sector, according to experts.
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The expected hung parliament following this weekend’s Italian election is likely to encourage fund selectors towards Italian equities and away from the fixed income sector, according to experts.
The depreciation of the US dollar led to European investors lagging behind their US and Latin American counterparts in terms of performance in 2017 despite making the right call about being overweight European equities, according to Natixis Investment Managers. Click through the gallery to find out what asset allocation looked like for European, US, and…
With the global selloff shaking markets over the past week, Expert Investor data suggests that it was the Spanish and the Italians that might be the least prepared for a potential market correction, and the Danish could be the most ready.
What do Italian fund buyers think of all the major asset classes?
European asset managers’ appetite for equities is at its highest since March 2015 with the majority of fund managers responding to Bank of America Merrill Lynch’s latest fund manager survey reporting an overweight allocation despite seeing the asset class as expensive.
While Italy faces election and non-performing loan (NPL) challenges, Aviva Investors believe that its market is looking attractive for investors in 2018 but fund selectors warn the country should not be a core part of a global portfolio.
The Italian bank Mediobanca has acquired a 69% stake in the Swiss boutique asset manager RAM Active Investments, as part of a strategic drive to make its wealth management activities its “major growth driver”.
Alessandro Viviani of Old Mutual Wealth Italy explains why he is sceptical of managers who claim they are pure stockpickers – and how he his trying to tempt his client’s out of their complete risk aversion.
Investors have been regaining confidence in equity markets after inflows had stalled in August, September fund sales figures suggest.
Here you can see a slideshow of photos taken at Expert Investor Italy, held on October 3rd in Milan.
Political risk in Italy is currently overstated, and government finances are better than markets appreciate. Investors have all the reason to be overweight Italian government bonds, argues David Zahn, head of European fixed income at Franklin Templeton Fixed Income Group.
Most absolute return funds have failed to live up to expectations in recent years. As a consequence, their popularity with Italy’s fund selectors declined somewhat. But Italians’ love for absolute return has flared up once again, for obvious reasons.