US Equities Losing Steam as Investors Continue to Chase Europe

The year to date trend of European equity out-performance continued last week. Is it really as simple as allocating to the markets where the central bank is cranking up the printing press with fundamentals relegated to the back seat? For the moment, it seems so! On that subject, China cut its main interest rate by 0.25% this morning - more below. We don’t really have any problem...

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Popular Global Equities Income Funds in Europe

Global equity income funds are by no means a recent product initiative. Martin Currie Global Equity Income, the sector’s oldest fund, was launched in September 1983 followed by Baillie Gifford Global Income Growth in October 1984. Today, there are now over 1,000 funds (with respective share classes included) and investment trusts registered for sale in Europe within the Lipper...

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Asian Asset Managers in Europe

Over the last few months it seems the European asset management industry is facing new competitors. In the past the main competitors of the European fund industry were U.S. asset managers who launched funds in Ireland and Luxembourg to conquer the European markets. Nowadays, there are still U.S. managers starting new businesses in Europe, but we also see an increasing...

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Popular High Yield Bond Funds in Europe

In local currency terms European high yield, with a 7.9% return, has had the strongest 12 months, with global high yield returning 2.2% over the same period. European fund-of-fund managers have generally done well, opting for local high-yield exposure (258 buyers for European high yield as opposed to 174 buyers for U.S. high yield) and using over 350 different funds and share classes to obtain their exposure...

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Global Equities: Europe faring worse than the US

European and US equities suffered a bad week as geopolitical concerns mixed with more hawkish Fed rumblings took their toll. Having fallen by on average 3% last week, developed markets are showing distinct signs of damage. The very simple question for investors is whether the current selling is a minor tremor or whether it is the start of something more serious...

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A Bad Week for Europe

The news flow out of Europe has turned for the worse in the last couple of weeks and regional equity markets, as well as peripheral bonds, have declined. The European equity market fell by 3.5% last week and is now up only 1.5% for the year to date (see chart below). With deflation (in some of the club med countries) and default (Group Espirito Santo in Portugal) suddenly back on the...

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Bank of England's response to excessive household debt and other important events in Europe and the US

Although last week was a little quieter than usual with the US Thanksgiving holiday, there were a few issues that we think are noteworthy. We also have a few potentially interesting events in the next couple of weeks in the run-up to the year end. The Bank of England surprised markets this week with changes to the Funding for Lending scheme. With concerns building at the Bank over the UK...

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Europe still has hurdles to jump

The US Central Bank is the only game in town with the FOMC meeting today dominating the markets. Little more can be said until we know what the committee has decided. We therefore wish to tackle a different subject. The European markets have been very benign in recent months with some commentators asking whether a corner has been turned. We think that problems remain unresolved...

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SHOREX Eastern Europe 2003

SHOREX Eastern Europe 2003
The Premier Offshore Finance Exhibition and Conference
Date:	18-19 June 2003
Location:	Riga. Latvia
Venue:	Radisson Hotel
Language:	English/Russian

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SHOREX Eastern Europe 2002

SHOREX Eastern Europe 2002
The Premier Offshore Finance Exhibition and Conference
Date:	12-13 June 2002
Location:	Riga, Latvia
Venue:	Radisson SAS
Language:	Russian/English

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