All Features articles – Page 393
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Features
CEE instruments attractive opportunity
Central and Eastern European (CEE) markets continued to outperform developed markets and other emerging market last year. This development was mainly supported by efforts to speed up the EU enlargement negotiations. EU accession, which structures the reform process in these transition countries and leads to closer approximation of western standards, ...
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Features
Making full use of what's available
As the range of opportunities in the global fixed income market expands, the benchmark indices against which investment performance is measured must be re-examined. The complexion of the market, historically dominated by sovereign debt, is changing with increased issuance from non-sovereign entities including private corporations and collateralised lenders. In fact, ...
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Features
Investors behaving badly
Most of us who have been taught finance over the past 30 years have been have been schooled in a body of ideas known as ‘modern’ finance theory. This posits that investors are hard to fool and make decisions in a highly rational manner as they go about maximising their ...
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Features
Corporate bonds favoured as recovery play
Not only do bond investors disagree among themselves as to the direction of interest rates this year but the asset allocation pundits are also proposing a variety of outcomes. For Goldman Sachs, for example, the place to be over the next 12 months is equities: “Equities offer the best returns: ...
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Features
Corporates bring market to life
No longer the poor relation of the capital markets, the fund management industry has continued to grow and develop both in stature and capability, and most especially within Europe. Perhaps some of the most fundamental changes have been seen on the fixed income side, itself often considered the ‘dull’ partner ...
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Features
Euroland catches a does of 'Enronitis'
The Enron affair appears to be the main culprit preventing Euroland from landing on its feet. “Euro-zone’s equity markets would definitely have gone up if Enron hadn’t created a new wave of panic,” says Gilles Meshaka, head of European equity management at CDC IXIS Asset Management in Paris. He believes ...
