With global emerging market equities recently rebounding to a year high, and flows returning strongly to the asset class, three managers reveal where they are looking to capitalise on the improvements in investor sentiment.
Asset class has grown over past decade
Investors still appear willing to take risk, but this remains a very unloved equity market rally - led by defensive sectors such as consumer staples and utilities, writes Erik Knutzen, chief investment officer—multi-asset class at Neuberger Berman.
From both issuers and investors
Should 'alleviate financial shocks'
Following Brazil's Lower House of Congress vote to impeach President Dilma Rousseff earlier this week, investors have welcomed the possibility of regime change in the country. Here, three managers discuss what effects a change of government could have...
Brad Tank, chief investment officer - fixed income, Neuberger Berman, discusses the major transition in central bank philosophy that has appeared in recent weeks.
US Equity Value fund also renamed
Said likelihood of recession is around 25%
Worked at Columbia Threadneedle and GAM
Neuberger Berman's Julian Marks explores the growth of corporate hybrids, which have seen some 300% growth in the past two years alone
Fund seeded with $21m
Two more funds to follow
Increased focus on bespoke relationships
Investors cannot afford to ignore the increasingly positive correlation between core government bonds and credit markets as rate rises loom, says Jon Jonsson, senior portfolio manager, global fixed income at Neuberger Berman.
North Asian economies appear most exposed
Neuberger Berman's Jon Jonsson (pictured), senior portfolio manager of the $155m Global Bond Absolute Return fund explains why he has not reduced his short position in German bunds despite the recent sell-off.
Neuberger Berman has launched a global credit long/short fund for a four-strong team of credit managers that joined the group through an acquisition last year.
Top contrarian trades
Fund managers give their views on the key issues impacting global asset classes and outline how they are positioning portfolios.
Raoul Luttik, lead portfolio manager, EMD local currency strategy at Neuberger Berman, explains why frontier market bonds may be a better bet than emerging markets this year
The US economy is better than generally perceived. US real GDP is expected to grow more than 3% in 2015. This would represent the fastest pace since 2005, and is expected to exceed growth in other developed markets.
M&G Investments is set to close its Global Real Estate Securities fund after the departure of manager Gillian Tiltman prompted outflows from the strategy.
Neuberger Berman has become entirely employee-owned once more after a management buyout to buy back the Lehman estate's stake in the firm.