Investment Strategies – Page 13
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Features
Bolt-on growth
As a fast-track route to growth with a focus on efficiency gains, buy-and-build seems perfectly-suited to our low-growth world, writes Jennifer Bollen
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Features
A cross-border story
Iain Morse reviews Ireland’s custody market as it wakes up to fund rationalisation and thinner margins
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Interviews
Cutting through the noise
“There is almost universal agreement that the world needs long-term investors and, indeed, that short-termism is bad,” says Keith Skeoch, CEO of Standard Life Investments (SLI), addressing a room of European finance journalists at its Edinburgh offices. “And the reason short-termism is perceived as bad is that the charge sheet is long and serious.”
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FeaturesWhat makes a skilful portfolio manager?
Ignore the sales pitches, advises Rick Di Mascio. Successful managers simply get more decisions right than wrong, and make sure their hits make more money than their misses lose
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Asset Class Reports
Sovereign Bonds: Risk-free no longer
Joseph Mariathasan looks at how investors are adapting to the new world of sovereign bond risk
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Asset Class Reports
Sovereign Bonds: The world’s shallowest cliff
Rock-bottom yields and a poor debt outlook – brought into focus by the ‘fiscal cliff’ – make US Treasuries a tough ‘safe haven’ to love, finds Joseph Mariathsan
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Asset Class Reports
Sovereign Bonds: Denmark: an unlikely haven?
Denmark’s bonds, perceived as a safe haven from volatility in the euro-zone, have the lowest yields on the market. But Pavle Sabic argues that its fundamentals versus its Nordic neighbours suggest this is not simply about credit risk
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Asset Class Reports
Sovereign Bonds: Would you credit it?
The split between Gilts and non-Gilts could be waiting to define tomorrow’s performance in UK fixed income strategies, finds Martin Steward
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Asset Class ReportsSovereign Bonds: Curve balls from credit markets
The temptation to look beyond sovereigns for yield is understandable. But Martin Steward finds that the obvious move into top-quality corporates may not be the way to do it
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Asset Class Reports
Sovereign Bonds: Competing premia
Martin Steward finds portfolio managers agreeing on the need to find some spread. But where – in corporate bonds, or peripheral sovereigns?
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Features
If the euro breaks up
Declan O’Sullivan and Lindsay Trapp outline some of the operational challenges that fund managers could face in the event of a break-up of the single currency
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FeaturesGo with the flows
Dividends really do pay off in emerging markets. Martin Steward asks why, and what the theories tell us about how far investors should tilt towards higher yields.
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Special Report
As safe as houses
The fixed index-linked cashflows provided by social housing and infrastructure investments can be attractive to investors comfortable with long-term investing, finds Nina Röhrbein
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Interviews
Life on planet TOBAM
Quantitative asset managers aren’t particularly noted for prioritising ESG matters.
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Asset Class Reports
Emerging Market Debt: Blurring the lines
Many emerging market credits look better than most in the developed world. But Joseph Mariathasan finds that progress towards approaching global sovereign debt as a single asset class has been slow
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Asset Class Reports
Emerging Market Debt: Why liquidity matters
Lorenzo Naranjo offers a case study of the Chilean corporate bond market to show how difficult pricing can be in illiquid markets, and tenders a solution
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Interviews
Holding hedge funds to account
Bond yields sit at historic lows, growth is sparse and equities aren’t cheap. The result: a search for yield in credit assets and for alpha in liquid alternative investments.
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Features
World Bank rates green bonds
Nina Röhrbein looks at instruments that aim to combine solid SRI credentials with precious yield and a high standard of transparency and stability
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Asset Class Reports
Emerging Market Debt: Beyond Brazil
Martin Steward talks with Jorge Unda of BBVA Asset Management, who warns that Latin America’s biggest economy is heading in the wrong direction if it wants to keep up with its more successful neighbours
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Special Report
Extracting the true cost of gold
Institutional investors have been integral to the boom in gold prices over the past five years, but are they fully aware of the high-impact nature of their investments? Nina Röhrbein reports
