fund manager views

Kirill Pyshkin, fund manager at Mirabaud Asset Management, says the recent underperformance of global high dividend stocks is unusual, so should investors be taking advantage of the buying opportunity?

So far in 2015, the European high yield market has defied many by outperforming that of the US. Many had believed the dislocation in US high yield, widely blamed on slumping oil prices at the end of 2014, would leave room for it to outperform Europe in...

Emerging market assets have seen another sharp summer sell-off and while this year's edition has been more violent than the past three, the causes are rather familiar.

The endeavour of projecting today's conditions, trends and relationships into the future inevitably results in errors of judgement - and economists continue to get caught out by the ever-changing market environment (often at the worst possible times)....

Wall Street is not Main Street. In Wall Street's eyes, America is the S&P 500, but from Main Street, America looks very different, especially in its relative exposure to events overseas.

The first eight months of 2015 have been relatively weak for the global high yield market. Much of this weakness has stemmed from the US, where exposure to lower commodity prices has put pressure on issuers, in particular those in the basic materials...

Market expectations benign, says Wharrier

In tandem with global equities, the UK market has declined 16% from its April peaks. Volatility has spiked and confidence has collapsed.

Economic data in Europe is improving steadily, an expansionary monetary policy is in place and company earnings are set to pick up.

The papers called Beijing's surprise devaluation an "escalation of currency wars", with some stating the move was "best seen as a distress signal from Beijing".