Magazine Issues»May 2019

Nick-FitzpatrickThe closet-tracking scandal, the Icelandic crash and sustainable investing are perhaps the three best descriptors to sum up the background to Scandinavian and Nordic asset management – although the industry says the story has moved on since 2015’s benchmark-hugging revelations.

Fiona_RintoulSome years ago, I visited a yoga retreat in Portugal. Late at night, two women arrived in a taxi. They were from California and so had had a long journey.

Finland_lakeWith the closet tracking controversy largely behind it, a steady economy and the relaxation of Icelandic capital controls, the Nordics’ funds industry is looking in rude health, finds Mark Latham.

City_of_LondonDespite massive outflows from absolute return strategies in recent years, there will continue to be a market for such funds in the future, Aviva Investors’ Euan Munro tells Mark Latham.

GatesIn the US, low-fee passive business has gone a step beyond offering funds for free and into the realm of ‘negative’ fees. Could it happen in Europe? Nick Fitzpatrick finds opinions differ.

BullFund managers sound optimistic about a continuation of the market rally, given improving economic prospects in the US and China. And there’s plenty of cash on the sidelines that missed the rally, says one.

Maxime_AertsData analytics will revolutionise investment funds and their distribution when the industry learns the value of coherent, qualitative datasets. By Maxime Aerts, chief operating officer at Fundsquare.

Arc_de_TriompheBy one measure, and despite the Brexit issue, French equity funds have been hit harder than UK equity funds since the start of 2016. Cameron Brandt, a fund flows specialist at EPFR Global, looks at the problem with France.