December-January 2016

In a recent webinar, Funds Europe spoke to Chris Hart, portfolio manager of the Robeco Boston Partners Global Premium Equities Fund, about how he seeks to tap into global opportunities from a value and growth perspective.

‘Buy low, sell high’ is a universally accepted and understood investment doctrine. However, a failure to properly comprehend value means investors can lose out. 

Since launch in December 2004, the Global Premium Equities Fund has cemented a reputation for identifying both unacknowledged value...

Diversified growth funds in the UK have grown almost fivefold over the past five years. Steve Butler of Punter Southall Investment Consulting considers their success at providing equity-like returns with a smoother return stream.

The financial crisis in 2008 left many investors licking their wounds and reassessing the traditional concept of diversification. The response from a number of investment managers was to roll out the multi-asset mandates they had been running in the shadows for larger pension schemes and to make these...

The European regulator’s approach to extending the alternative investment fund passport to managers and funds outside of the European Economic Area raises significant legal issues.

It was in July when the European Securities and Markets Authority (Esma) published its preliminary advice on extending the Alternative Investment Fund Managers Directive (AIFMD) passport for managers and funds that sit outside of the European Economic Area.

At the same time, Esma gave its opinion on the functioning of the passport for alternative managers under the AIFMD...

There have been good reasons for investors to invest in high yield in recent years, but upset in the equity markets shows that these bonds have fairly high correlations with equities. Ankul Daga, investment strategist at Vanguard Europe, explains.

If you were watching equity markets quietly crumble over recent months, it probably occurred to you that the right response to troublesome times is a good long-term strategy. 

Sometimes it is possible to time the market, but it is nightmarishly difficult. As Britain’s Queen put...

By Phillip Caldwell, Global Head of Cross-Border Pooling Product, Northern Trust

Nicholas Pratt examines whether the service providers will be able to keep up with the demand for liquid alternatives.

Liquid alternative funds, a tag for regulated alternative funds that includes alternative Ucits and alternative investment vehicles, are divisive instruments. Perhaps it should be expected of a tag that suggests investors can get the best of both worlds – the reassuring liquidity of mutual funds and the racy returns of alternative asset classes that are sometimes illiquid.

What cannot be denied is the...

Alan Dundon and Gautier Despret of Alter Domus give their opinion on Luxembourg’s newest innovative investment vehicle. 

There has been much talk and excitement in the Luxembourg marketplace in recent months with the anticipated launch of the Reserved Alternative Investment Fund (Raif), managed by an authorised alternative investment fund manager (AIFM), moving quickly from idea to reality. 

This culminated on November 27, 2015, with the adoption of the Raif Bill of Law by the Luxembourg government, and the expected...

The funds industry faces intense operational pressure from proposed regulatory and other changes. Euroclear’s Scott Caine says firms must do more to embrace automation if they are to keep their business agenda on track.

We profile some of the most interesting fund launches in recent weeks and examine the performance of a product already on the market.

After years of recession, rising prices, inflation and record unemployment, the funds industry in Spain appears to be on the up again, writes Kit Klarenberg. 

Spain was badly wounded by the financial crisis of 2007/08. According to Morningstar data, the equity market in Spain stood at around €8.8 billion in 2007. By 2010, this had almost halved due to outflows of €4 billion. If market impact depreciation is taken into account, the market bottomed at €2.2 billion in early 2009. 

Fears of a Eurozone exit kept...

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