Magazine Issues»December-January 2016

Digital_graphSince breaking through the $3 trillion of assets under management mark in early 2015, ETFs have broken more records in the past year. David Stevenson looks at where investors have placed their flows and the drivers for it.

India_head_to_headFunds Europe brought together two authorities on India for a head-to-head discussion on Modi’s reforms, corruption in government and the sustainability of growth. Chaired by George Mitton in London.

Chris_HartIn 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.

TrekkerDiversified 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.

Imogen_GarnerThe 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.

MagicianThere 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.

The ‘look through’ structure generally recognises tax at investor level, rather than the fund level, enabling investors to access the appropriate tax rate on their investment income. However, the model’s transparency advantages transcend tax outcomes to encompass a suite of fund rationalisation, regulatory and reporting, and distribution benefits.

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