Shopping malls, infrastructure, timber: these have all been posited as lucrative investment opportunities in recent years. But while the idea of investing in art is as old as the hills, art works have as yet played hardly any role in the managed fund industry. New research from an assistant professor of finance at Maastricht University released last week suggests that could – and perhaps should – be about to change.
As more European banking top brass do the decent thing and get lost – this morning it was Charles Milhaud and Nicolas Mérindol, respectively chairman and managing director of the French savings bank, Caisse d’Epargne – I’m reliably informed that sales of home safes are rising sharply.
First of all, please allow me to apologise for not writing more about, you know, funds. But as Lipper Feri says in its latest statistical analysis, "A review of latest sales flow data seems a somewhat pointless exercise given the financial maelstrom that has occurred since August."
Welcome to another anxious Monday morning, wrote Robert Peston, the BBC’s business editor and a man who is rapidly rising to celebrity status here in the UK, in his blog on 6 October. And indeed, we were beset that morning by a whole new catalogue of woes.
