Latest from IPE Magazine – Page 626
-
Features
Currency alpha
Active currency management is providing alpha, according to a new study by Russell/Mellon CAPS. The study showed that 87% of currency overlay accounts generated positive excess returns over the past five years. The percentage was even higher in US$ accounts where 93% of accounts produced positive returns. The Russell/Mellon CAPS ...
-
Features
Europe needs you!
The problem facing European pension systems was articulated in surprisingly stark terms by a senior official at the European Commission at a meeting in Brussels recently. The issue was not couched in the regular Brussels-speak – indeed, it would be hard to have been more explicit. “We need more people,” ...
-
Features
Not short on uncertainty
Now that we know who’s to be running against George W Bush in November’s US elections, that’s one less political uncertainty to have to factor in. There are, however, plenty of outstanding uncertainties to worry investors across the world. For fixed income investors, one of the key issues seems to ...
-
Features
Japan's economy - turning a corner again
It is 15 years since Japan’s bubble burst and several nascent recoveries have fizzled out along the way and the economy has repeatedly dipped back onto recession. This time, however, things may at last be different. Growth surprises have, unusually for Japan, been to the upside and the GDP report ...
-
Features
Europe still a runner
After a strong and sustained recovery in Euro-zone equities that started last year, asset managers are now asking how long has the recovery yet to run. The answer will depend to some extent on valuations. Are Euro-zone stocks still fairly valued or has the recovery made them too expensive? Catherine ...
-
Features
Doubts dispersing
While considerable slack remains in the Japanese economy, there are also strong signs of sustainable recovery as years of corporate restructuring start to pay dividends. So first the bad news: in its most recent monthly Report of Recent Economic Developments published in February, the Bank of Japan (BOJ) commented that ...
-
Features
Second half slowdown on cards
The economic recovery is broadening. The US and Asia remain the two engines while the Euroland is accelerating even if it is still lagging. Profit margins keep on rising in the US and Japan. It is bottoming in Euroland but some improvements are expected. So far, the profit cycle is ...
-
Features
Market advances to continue
Equity and bond markets made further progress during February, as investors reflected upon an economic background that continues to provide a sufficiently mixed picture to enable both asset classes to prosper. Emerging markets, particularly in Asia and Eastern Europe once again showed some of the best returns in $ terms, ...
