Inflows to European-domiciled ETFs were positive for the 23rd year in a row last year, despite market turmoil. However, assets under management (AUM) declined, and it was only the industry's fifth-highest yearly inflow figure on record, according to Refinitiv Lipper.
UK investors sold down UK-focused equity funds in January, causing the third largest outflows for 20 months despite strong market performance.
Fixed income managers hope for a bond/equity decoupling in 2023 and look for signs of a rally. Subtlety and selectivity are key, writes Piyasi Mitra.
Global asset manager Payden & Rygel anticipates renewed enthusiasm among UK pension fund managers for fixed-income investments.
The economic outlook looks positive and bonds are well positioned for strong, long-term performance, compensating investors for risk, explains Robert Tipp, chief investment strategist at PGIM Fixed Income.
With traditional approaches to portfolio diversification now less able to protect investors than in the past, multi-asset specialist Asbjørn Trolle Hansen of Nordea Asset Management says stable/low-risk equities have a higher role to play, including against inflation risk.
