Magazine Issues»December-January 2016

Since 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.

In a year that has seen dramatic moves in monetary policy as well as stock market performance, exchange-traded funds (ETFs) seem to have emerged unscathed. In fact, the industry is set for another record year, with the amount of net new assets in these products outpacing 2014.

The main story has been European...

Funds 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.

Praveen Jagwani

Chief executive, UTI International Private

Amul Pandya

Head of business development,

Ocean Dial Asset Management

Funds Europe: What is the outlook for the Indian economy in the year ahead? Do you think a growth rate of 7%-plus is sustainable?


In 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.

‘Buy low, sell high’ is a universally accepted and understood investment doctrine. However, a failure to properly comprehend value means investors can lose out. 

Since launch in December 2004, the Global Premium Equities Fund has cemented a reputation for identifying both unacknowledged value and...

Diversified 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.

The financial crisis in 2008 left many investors licking their wounds and reassessing the traditional concept of diversification. The response from a number of investment managers was to roll out the multi-asset mandates they had been running in the shadows for larger pension schemes and to make these strategies...

The 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.

It was in July when the European Securities and Markets Authority (Esma) published its preliminary advice on extending the Alternative Investment Fund Managers Directive (AIFMD) passport for managers and funds that sit outside of the European Economic Area.

At the same time, Esma gave its opinion on the functioning of the passport for alternative managers under the AIFMD...

There 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.

If you were watching equity markets quietly crumble over recent months, it probably occurred to you that the right response to troublesome times is a good long-term strategy. 

Sometimes it is possible to time the market, but it is nightmarishly difficult. As Britain’s Queen put it, speaking...

By Phillip Caldwell, Global Head of Cross-Border Pooling Product, Northern Trust

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

Liquid alternative funds, a tag for regulated alternative funds that includes alternative Ucits and alternative investment vehicles, are divisive instruments. Perhaps it should be expected of a tag that suggests investors can get the best of both worlds – the reassuring liquidity of mutual funds and the racy returns of alternative asset classes that are sometimes illiquid.

What cannot be denied is the increased...