Emma Boyde
FTfm on AV
Some highlights from Monday’s FTfm.
Banks dash to deal with volatility
Investment banks are reported to be scrambling to create complex volatility-based vehicles to help shield investors from the risk of big market falls
Call for property price falls
Real estate prices in peripheral eurozone countries need to fall to reflect the possibility of a break-up of the currency union,
FTfm on AV
Some highlights from Monday’s FTfm.
Critics slam fee denial of trade body
Efama claims economies of scale account for lower US fees, but critics say this argument obscures the fact that fees are still
FTfm on AV
Some highlights from Monday’s FTfm.
ETF sector braces for draconian clampdown
Providers of synthetic ETFs are bracing themselves for a draconian clampdown by regulators following reports that an ETF trader was allegedly involved in a $2.3bn trading scandal at UBS
Enquiry starting into ‘empty voting’
The practice of borrowing shares to vote at AGMs is becoming a governance issue,
FTfm on AV
Some highlights from Monday’s FTfm.
Cash pipeline to aid bank funding
A new electronic trading platform could help funnel more wholesale funding to Europe’s beleaguered banking sector and provide higher returns to lenders such as companies and asset managers.
FTfm on AV
Some highlights from Monday’s FTfm.
Shareholder dissent is on the rise
Companies based in Europe’s most troubled peripheral nations are seeing a sharp rise in shareholder dissent as investors increasingly rebel against boardroom pay schemes and proposals for rights issues
CDS:
FTfm on AV
Some highlights from Monday’s FTfm.
US managers are winning fight for European market share
US managers accounted for 70% of estimated net sales in the first six months of the year in Europe compared to just 40% in 2010.
FTfm on AV
Some highlights from Monday’s FTfm.
Investors declare optimism for equities
Institutional investors are betting on equities for investment returns over the next 12 months according to a poll by MHP.
FTfm on AV
Some highlights from Monday’s FTfm.
Asia drives mutual fund sales
Asian investors have rediscovered their waning appetite for equity and bond funds, kicking off a fledgling recovery in mutual fund sales across the region,
FTfm on AV
Investors snap up real estate
Those fleeing the volatile bond markets are pushing up the price of real estate so high that yields are barely keeping up with inflation
LDI out of favour with firms
The pool of UK investment houses offering liability-driven investment strategies has fallen sharply in the last two years
Thorsten Michalik:
FTfm on AV
Some highlights from Monday’s FTfm
Greek rescue plan worries hedge funds
Hedge fund managers are seeking legal advice about the worth of their holdings of Greek credit default swap contracts amid
FTfm on AV
Some highlights from Monday’s FTfm
‘Best-ideas’ funds come out on top
Highly concentrated “best-ideas” funds may be able to consistently outperform traditional, highly diversified active funds,
FTfm on AV
Some highlights from Monday’s FTfm
Focused firms lose market share
Bank and insurance-owned asset managers lost market share in the UK last year, with independent fund managers elbowing the more
FTfm on AV
Some highlights from Monday’s FTfm
Private banks make lukewarm recovery
Europe’s private banks made a tepid recovery last year but the industry’s fragile profitability will come under new pressure from pending regulation,
FTfm on AV
Some highlights from Monday’s FTfm.
Low cost ETFs reap fat profits
FTfm interprets two sets of data and discovers exchange traded fund providers in Europe are generating profit margins more than four times higher than the mutual funds industry.
FTfm on AV
Some highlights from Monday’s FTfm.
Mifid may override UK’s retail distribution review
The UK financial regulator is wasting time and money on its new rules for toughening retail financial advice as it risks being overtaken by European regulation,
FTfm on AV
Some highlights from Monday’s FTfm.
Profits rise by inflows remain in the doldrums
Despite the recovery in global assets under management, which have risen to their pre-crisis peak, there has been little new money going into funds,
FTfm on AV
Some highlights from Monday’s FTfm.
Big firms suffer large asset falls
Many major investment houses suffer precipitous loss of AUM as the trend to move away from active investment strategies to more
FTfm on AV
Some highlights from Monday’s FTfm.
Europe set to face an Asian advance
First it was manufacturing but now prepare for outsourcing in the investment industry. European asset managers will face a wave of competition from fast-growing Asian rivals in the next five years,
FTfm on AV
Some highlights from Monday’s FTfm.
Call to ban ‘corporate access’
Independent research houses are calling for asset managers to be barred from rewarding investment banks for providing corporate access via their commission payments
Bull market stumbles but fundamentals remain strong
Overview of special report on investing in commodities that asks,
FTfm on AV
Some highlights from Monday’s FTfm.
Warning on high yield ETFs
ETFs investing in high yield bonds may significantly underperform their indices if current inflows turn to big outflows
Cat-bond take-up
FTfm on AV
Some highlights from Monday’s FTfm.
Boutiques grab growing market share
Small investment boutiques are breaking through the glass ceiling and taking significant market share from the industry’s heavyweights,
FTfm on AV
Some highlights from Monday’s FTfm.
‘Creativity’ may tarnish Ucits brand
Some in the European funds industry are becoming alarmed over the increasing complexity of Ucits products, many of which no longer adhere to the 5/10/40 rule
Hedge funds are not ‘shadow banks’
Regulators have found a new bogeyman – ‘shadow banking’,
FTfm on AV
Some highlights from Monday’s FTfm.
Basel III to hit money fund sector
The $4,400bn global money market fund industry could end up becoming one of the biggest losers from the post-crisis regulatory
FTfm on AV
Some highlights from Monday’s FTfm.
Takeovers enhance value, study shows
Listed companies that make significant acquisitions are sharply outperforming wider equity markets, according to new research,
FTfm on AV
Some highlights from Monday’s FTfm.
Demand for floating rate bonds soars
Rising inflation fears and plunging corporate default rates are fuelling a surge into floating rate loan funds. US investors have pumped $17.5bn into mutual funds investing in corporate loans so far this year,
FTfm on AV
Some highlights from Monday’s FTfm.
ETF providers attack systemic risk warnings
Exchange traded fund providers have hit back at regulators’ claims that “synthetic” ETFs could pose a threat to the stability of global financial markets after alarm bells were rung last week in separate reports from the Financial Stability Board,
FTfm on AV
Some highlights from Monday’s FTfm.
Bank infrastructure funds struggle to raise money
Infrastructure investors, especially pension funds, have become concerned about conflicts of interest and are favouring independent houses instead — meaning banks such as Macquarie,
FTfm on AV
Some highlights from Monday’s FTfm.
Fund industry ‘overpaid by $1,300bn’
A draft report by IBM says the fund industry is destroying value by being paid too much for the value it delivers. The report predicts big job cuts in the asset management industry
Blue chip Japanese equities in demand
Blue-chip Japanese equities are continuing to attract interest from value investors,
FTfm on AV
Some highlights from Monday’s FTfm.
Industry cool on UK housing fix
A push by the UK’s coalition government to encourage greater institutional investment in the housing market appears doomed to failure.
FTfm on AV
Some highlights from Monday’s FTfm.
Investors fear default in Europe
Institutional investors increasingly believe Greece and other troubled peripheral European countries will be forced to restructure or default on their debt,