Added $4.7bn to 2015 earnings
One of the big trends in the funds industry over the past few years has been the proliferation of alternative UCITS vehicles, with the industry reporting annual growth rates of over 30%.
Yields fall into negative territory
Stronger growth in industrialised economies
Launch on tenth anniversary
Outlook more 'uncertain' in January meeting
While developed market government yields may be at near record lows, volatility is not. We feel there is little compensation for that volatility - last summer's back-up in yields being a good example of the risk of playing the 'low for longer' game.
Since the start of the year, the market has become exceptionally troubled by the price of oil. Although a falling oil price has historically been seen as a good thing, the severity of the decline has left many wondering about the possible repercussions....