US investors show faith in ECB stimulus

Euro signUS investors allocated more money to Europe funds than other categories in September, data from Morningstar shows. Mutual fund and exchange-traded fund (ETF) investors were anticipating future growth in light of the European Central Bank’s ongoing quantitative easing programme, Morningstar says. International equity funds, particularly those with Europe exposure, took in $5.7 billion (€5 billion) in September. Fixed income did not fare so well. Taxable-bond funds saw another month of outflows, though outflows for both active and passive funds were smaller than in previous months and there were signs that investors may be willing to accept lower yields in exchange for less risk. Short- and long-term treasuries were among those with the highest inflows for the second consecutive month. The alternatives category was the only group with active-fund inflows for the second consecutive month, collecting $719 million. Pimco’s Total Return Fund, still reeling from the departure of ‘bond king’ Bill Gross last year, continues to be the fund with the largest outflows. ©2015 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.