January earns back 60% of 2011's equity loss

graph_up_downA storming start to the year saw equity markets gain more than 6% in January and recover 60% of the loss made during 2011, according to S&P Indices. Of the 46 countries covered by the company's World by Numbers report, Portugal was the only one to see a decline in growth, of 3.42%, which S&P Indices attributed to the higher rates it must pay to sell its debt. The fastest-growing market was Egypt, which gained 25%, an encouraging result that may signal a recovery from a difficult year in which a revolution wiped off the half the value of its stock market. The emerging markets generally grew by nearly 12% in January, according to the S&P Global Broad Market Index, with India exceeding 20%, Brazil and Russia exceeding 14% and China close to 11%. The emerging market equity figures come days after data firm EPFR noticed a rise in interest in the asset class, which accounted for nearly half the $8.6 billion (€6.5 billion) of net inflows absorbed by equity funds in the week ending 25 January. Developed markets grew at 5.42% overall, with the US and UK lagging below the average but several European countries beating it. Austria and Germany led the European nations with growth of nearly 10% each. ©2012 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

10 Jun 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’

13 May 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

13 Oct 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

07 Sep 2016

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