February 2013

cigarette smokeBonds yields are in the toilet, in industrialised nations at least, and so I was unsurprised when a friendly (equity) fund manager recently said that investing in bonds is a mug’s game.

BootsWould you like to hire an active fund manager but pay them a passive-like fee if they underperform? Wyoming’s pension fund has done just this and says other plans could do too, if they ‘dig their heels in’. Nick Fitzpatrick reports from New York.

HouseUS pension funds are massively home-biased, but direct allocations to emerging market equities are slowly rising. Nick Fitzpatrick reports from New York.

E RepettoDirectors at Dimensional Fund Advisors include academic luminaries who have shaped how returns are measured. Nick Fitzpatrick reports.

In numbersMutual fund investors in the United States look particularly annoyed with active returns if fund flow data is anything to go by, says Nick Fitzpatrick.

AcornsAfter a formidable year in 2012, the United States stock market is likely to be a popular focus for investors in coming months. Some say it pays to invest in small caps, particularly those owned by their founders. George Mitton reports.

CarA solution to the debt-ceiling crisis could unleash business investment in the United States, but will require tough decisions on tax and entitlement. George Mitton reports.

Stage… and although fund platforms should help ETF providers grow their business in the UK retail market, Nicholas Pratt finds there are still operational issues.

Thorn crownNo one is predicting that core sovereign bonds will perform any better in 2013 than at the current low levels. Fiona Rintoul asks it they are still a safe option.

CurrencyLegal cases against custody banks in the United States over currency trades puts the issue of foreign exchange outsourcing in the spotlight, writes Nicholas Pratt.

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