All IPE articles in September 2003 (Magazine) – Page 2
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Features
A tale of two indices
Are emerging markets currencies a source of pain or pleasure? Looking at MSCI EMF equity index returns, investors might be forgiven for thinking the answer is always ‘pain’. However, the ELMI+ index of currency forward contracts tells a potentially more pleasant story. Given the significant return volatility patterns evident in ...
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Features
Increase your options
The creation of the euro played a bad trick on currency managers. To begin with, currency managers had strong performance and information ratios, and this was managed with only 20 currencies (which given cross hedging gave a fair opportunity set). A number of research studies suggested that the alphas in ...
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Features
New twist to an old idea
After an investor approves an allocation to funds of hedge funds the question arises of which structure to use. For many, the most common form of investment will be through shares in an open-ended company, often set up as a limited liability partnership, or through one of many structured products ...
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Features
How investors play the markets
With the dire performance of equities over the last few years universally-acknowledged, is it time to consider alternative assets more carefully? This article briefly examines the composition of European property markets, the returns delivered by these investments, and investors’ recent allocation decisions within the property sector. It concludes with a ...
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Features
Taking a shine to gold
A liquid asset with low correlation with equities and fixed income and negative correlation with the dollar should be relatively easy to sell. Yet funds have shown an almost complete aversion to gold. A raft of new investment products and a sustained educational campaign by the World Gold Council (WGC), ...
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Features
Waiting game
For three years in a row, Belgian pension funds have started the year with news of disappointing investment returns and discussions regarding the future of the country’s pension industry. Added to this the debate regarding the introduction of the European Pensions Directive hasn’t gone unnoticed, although all agree that the ...
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Features
Shedding light on funds
The fund market information service, FERI FMI is making further strides in its coverage of cross-border funds distribution. The firm already offers a directory, a growing number of in-depth single market reports and various sales analysis tools. Its latest product, FundFile, is the culmination of many months of research and ...
