World trade to fall

BarometerEconomists at the World Trade Organization have revised their trade forecast for this year to 5.8%, down from their earlier conservative estimate of 6.5%. Trade has grown more slowly than expected in recent months while the outlook for the global economy is becoming increasingly uncertain. “This is not the time for go-it-alone measures,” warns Pascal Lamy, the director-general. “This is the time to strengthen and preserve the global trading system so that it keeps performing this vital function in the future.” The trade organisation’s warning comes just two days after the International Monetary Fund lowered its global growth forecast to 4% in 2012, from over 5% in 2010, which sent markets tumbling. In its latest World Economic Outlook, it warned the global economy has entered “a dangerous new phase”. ©2011 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.