Europe

If aliens knocked on my front door, having read pre-Millennium economic theory books, they would be scratching their frontal lobes with dismay.

No identity: Greek woes still hinder Europe

Ian Aylward has cut Aviva Investors' multi-manager exposure to US equities to an underweight position for the first time since 2011, fearing the stocks are deeply over valued.

Talks between eurozone finance ministers on the future of Greece's bailout have come to a dead end, heightening fears of further market turmoil in case Greece is left with no European support.

Top-performing European equity manager Oliver Kelton is to join Odey Asset Management.

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.