EMs beat developed markets in March

Mixed-chartStock markets bucked the trend of the last year in March with emerging markets gaining while developed markets fell. Colombia, with growth of nearly 15%, led the emerging markets, which in total grew nearly 3% during the month, according to S&P Dow Jones Indices. In contrast, developed markets fell 0.12% overall with Ireland the biggest loser, its equity index decreasing 6%. “Concerns over the Russian-Ukrainian situation pushed markets lower,” says Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. “The main concern was not over the single annexation of Crimea into the Russian Federation, but of possible future expansion.” Not all developed markets performed poorly. Italy gained more than 6% in March and New Zealand gained more than 5%. But this growth lagged far behind that seen in Turkey, India and Brazil, which each saw their stock indices rise more than 10%. The results are leading to speculation that emerging market assets have hit bottom after a difficult 12 months. The emerging market index from S&P Dow Jones is down nearly 4% in the year ending March, while the developed market index had risen more than 17%. ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.