The rise of behavioural investing 19/12/2014 Behavioural finance and economics is not a new concept. Cognitive psychologists Daniel Kahneman and Amos Tversky – broadly accepted as the fathers of such theory – have been published since the 1960s.
What will 2015 hold for fixed income? 18/12/2014 At the start of 2014, there was overwhelming consensus on the likely direction of fixed income markets. The majority of asset allocators and fixed income managers had concluded that interest rates would inevitably rise, therefore short duration was the correct positioning. The subsequent lurch down in the global growth outlook, and the resulting downward pressure on bond yields, came as a nasty surprise and many investors found themselves on the wrong side of the trade.
Adding real value – the problem of closet tracker funds 16/12/2014 ‘Closet trackers’, those funds that charge active fees but stick close to the index, have been in the spotlight again in recent weeks. Although the issue has been raised before, it is now taking on new momentum. Are there any signs that the fund management industry is starting to listen?
Three cheers for Rothschild's Kevin Gardiner 12/12/2014 It seems that at least one investment strategist shares the view expressed in thewealthnet about the usefulness of annual investment outlooks (see thewealthnet 11/12/2014). Kevin Gardiner, the global investment strategist for Rothschild’s wealth management business, argues that investment policy is not conditioned by calendar changes. Instead, it forms of part of a continuum. And this makes annual investment outlooks much less relevant.
Private equity house launches UK property investment model 11/12/2014 Cogress, a private equity platform giving high net worth consumers access to international real estate investment opportunities, has launched in the UK. With units available from £20,000, the Israeli-backed firm hopes to build on its success in Israel, the US, Canada and Germany by providing lower equity investments in London’s increasingly exclusive property.
Russia – time to invest or time to avoid? 11/12/2014 The outlook for Russia appears bleak: The MSCI Russia is down around 40 percent for the year to date. The currency continues to slide and there appears to be no end in sight for the country’s economic woes. Newton’s Jason Pidcock argues that Russia is on the brink of economic, political and territorial collapse, but is there an argument that the stock market is now so cheap there may be opportunities for a contrarian investor?
Billionaire investors set their sights on the Maldives 11/12/2014 Billionaires on the lookout for the perfect gift this Christmas may want to direct their attention to the Indian Ocean, where buying into one of the Maldives Archipelgo's 1,200 islands could prove a very lucrative investment opportunity.