'Short-term pain for long-term gain'
The eurozone has seen an internal shift in economic fortunes of late – the focus of investor concern no longer rests with the 'periphery' but with the 'core' instead.
Removed from trading
GAM’s European equities manager Niall Gallagher has predicted European equities could double in the near term as the region is supported by a number of tailwinds.
Negative sentiment towards Europe’s economic prospects has caused valuations in many cases to become very attractive, says Barings' Nick Williams.
Poor performance from European cyclicals has been at odds with improving economies, but GAM's Niall Gallagher believes forced deleveraging from hedge funds is behind the stock price weakness.
Mainstream emerging markets may have remained thoroughly out of favour this year, with developed nations driving global equity returns, but surprises can still be found in the top ten markets of 2013.
The IMA is to create a “classy, comprehensive and responsive” help centre for fund groups looking to set up shop in the UK.
Nick Leeson, the trader whose wrong-way bets on Japanese stocks ruined Barings Plc, is joining a mediation firm to advise Irish borrowers looking to renegotiate debts following the real estate collapse, according to reports.
Leading fixed income managers have been adding exposure to peripheral eurozone bonds as value dries up in the investment grade corporate space.
Four years after Lehman Brothers suffered the largest bankruptcy in US history, a former vice president at the investment bank has warned the financial system is on a ‘collision course’ for another 2008-style event.
Investors are now paying to hold European Financial Stability Facility debt, after six-month t-bills sold at a negative yield at auction for the first time ever.
With banks hitting the headlines for all the wrong reasons, Joanna Faith asks financials managers whether the recent volatility has provided a good buying opportunity or whether there is better value elsewhere.
Invesco Perpetual's Stephanie Butcher has moved overweight Spain and added names from Ireland and Portugal to the European Equity Income fund, taking the view stocks are "too cheap" and investors are over-paying for core, defensive names.
The Republic of Ireland has returned to the capital markets for the first since it received an international bailout in 2010.
Franklin Templeton's Michael Hasenstab has said there will be no Armageddon in the eurozone, and urged investors to take advantage of short-term market inefficiencies.
Niall Gallagher, European equities manager at GAM, has found value in unloved peripheral European equities overlooked by risk-averse investors.
The single currency strengthened against the dollar today as Spain was granted a €100bn EU and IMF bailout to prop up its banking sector.
Ireland fell back into recession in the last quarter of 2011, according to official figures released on Thursday.
THE BIG QUESTION
COULD IRELAND BE THE RECOVERY PLAY OF 2012?
The UK fund management industry faces complete transformation if the financial transaction tax – or Tobin tax – is implemented, commentators have warned.