Europe

Are funds built to last or short-term fads?

Economic momentum in the eurozone has been weakening over the past year, causing European small-cap stocks to lag behind their US and Japanese counterparts.

J.P. Morgan Asset Management (JPMAM) is soft-closing its offshore European long/short fund as inflows into the product soar, just months after it closed a separate European equity portfolio.

Guinness founder and CIO Tim Guinness has said the problems in Greece will not spark a fresh banking crisis even if the beleaguered nation is forced to exit the euro.

Investors may soon be entering a brave new world of zero yield corporate bonds, according to M&G fixed income manager James Tomlins.

The European Central Bank (ECB) has restricted Greece's access to cheap liquidity on concerns its new government is not committed to existing bailout pledges.

Germany's 10-year government bond yield slipped below Japan's for the first time on record today.

Expectations for long-term growth are "unrealistically biased" towards the US, despite the stimulus bazookas unleashed in other regions, argues Brian Jacobsen from Wells Fargo Asset Management.

Polar Capital plans to add a second European Income fund to its range following demand from clients for a fund which excludes UK stocks.

There is more chance of a recession in Switzerland than there is in Greece following the Swiss National Bank's decision to scrap its cap on the franc, according to economists.