The global high-yield bond market’s recent growth, particularly outside the US, is presenting active managers with a wider opportunity set for potential alpha and diversification, according to a research paper by specialists at Eaton Vance Investment Management. The paper, entitled ‘Capitalising on the Growth of the Global High-Yield Market’, says that non-US issuers of high-yield bonds…
PIMCO, the big US-based global bond manager, is de-risking its credit portfolios following a re-assessment of potential macro-economic trends ahead of the inauguration of Donald Trump as president later this month. In a research note written by Mark Kiesel, PIMCO’s CIO for global credit, the manager says that the potential for both left tail (higher…
Fund managers and institutional investors which have been committed to impact investing in their portfolios lifted their exposures to the emerging asset class from US$25.4 billion to US$35.5 billion between 2013 and 2016. A report – ‘Impact Investing Trends: Evidence of a Growing Industry’ – published by the not-for-profit research and support group Global Impact…
By Patrick Liddy* Those who have studied alchemy, as practiced throughout Europe, Egypt and Asia over the centuries – have been trying to convert lead into gold for thousands of years. As it turns out, it is far easier, and cheaper, to turn gold into lead. The net ‘gain’, however, leaves a lot to be…
Gordon Orr, McKinsey’s long-time China watcher, is predicting a year of slowing growth, headaches for multinationals and demographic anxiety in China. He also predicting “buyer’s remorse” for soccer tycoons. His annual report, ‘What Can we Expect in China in 2017′, assumes that the US will raise some tariffs on Chinese imports, such as steel and some…
By Greg Bright Exclusive stories about people losing their jobs dominated our readers’ selection of most-widely read news items during 2016. Unfortunately, job losses in the funds management industry are likely to remain a feature of the changing landscape in the coming year, and probably more. Â This is our year in clicks. It’s a combination…
Organisations need to set themselves up to embrace all the technological changes happening around the world, to embrace and adapt with the disruptions. The financial services industry is not immune from the trend. Pip Marlow, the outgoing managing director of Microsoft Australia, who last week announced she would join Suncorp as its first ‘CEO of…
Katherine Allchin, one of the founders of the $20 billion quant shop Vinva Investment Management, has picked up a second non-executive director (NED) role – at property fund management specialist Fortius Funds Management. Jobs for women on boards are very competitive, too, she says. Allchin, a long-standing marketer at the former Barclays Global Investors, who…
The funds management industry is well versed in the benefits of investment diversity, which was first proven way back in the 1950s with the establishment of Modern Portfolio Theory. Why then have we not embraced gender diversity? In a 20-page white paper entitled: “Gender Diversity – The Real Reason We Are still Talking About It”,…
Morningstar’s annual outlook for the Australian share market is benign in the short term but conditions in the second half of next year could turn nasty. Investors are advised to de-risk their portfolios. The report, written by Peter Warnes, head of Australian equities research, as well as David Ellis, senior equity analyst, and Adam Fleck,…
