Buy side Monthly archive

Dec 31, 2018
Goodbye to 2018: the year markets suffered worst losses since 2008
On the final day of 2018 many investors may wish to quote poet Robert Graves by wishing a ‘goodbye to all that’ to 2018. The previous 12 months have, at times, been difficult in the global markets, especially the latter part of the year: global stocks have suffered their worst losses since the financial crisis of 2008, wiping around 11 percent off the MSCI All Country World Index. In London, the FTSE 100 has lost 12 percent since the start of January, hit...
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Dec 18, 2018
Investors approaching ‘extreme bearishness,’ warns BofAML
Investors are approaching ‘extreme bearishness’ according to the Bank of America Merrill Lynch (BofAML) December Fund Manager Survey. Just 9 percent of investors surveyed expect a global economic recession in 2019, but 53 percent expect global growth to weaken over the next 12 months – the worst outlook on the global economy since the start of the global financial crisis in October 2008. As a result, investors have poured into bonds: this month’s surv...
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Dec 17, 2018
No-deal Brexit worries lead to UK equity outflows
Rising no-deal Brexit worries in the UK have resulted in investors exiting UK equity funds in record numbers. Investors have pulled a whopping $9.8 bn from UK equity funds in the year to date, Bank of America Merrill Lynch (BofAML) data reveals. And data from Morningstar reveals funds investing in UK companies have posted outflows of €16.7 bn ($19 bn) between June 1, 2016 and the end of October 2018. This comes after other ...
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Dec 17, 2018
South East Asia Forum: What the buy side wants
Trade wars and the macroeconomic outlook for China and the ASEAN region; lessons from successful heads of IR; IR trends and how you should be reporting around ESG. Those were just some of the topics on the table at Singapore Stock Exchange earlier this month as the region’s IR professionals gathered together ahead of IR Magazine’s a...
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Dec 17, 2018
GAM theory: A buy-side interview with Ali Miremadi of GAM
Ali Miremadi is an investment director who runs global equity funds and a US-focused fund. He was one of the principal partners at THS Partners (acquired by GAM in 2016), having joined in 2007. Previously, he worked at Goldman Sachs, having started his career in 1994 at Baring Securities. He holds a first-class degree in English literature from Wadham College, Oxford and is also a CFA charterholder.  GAM is an independent asset manager, providing active investment ...
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Dec 12, 2018
The rise, fall and rise of Asian markets
Ten days is a long time in the life of Asian capital markets: at the start of last week the news was positive with the decline in US-China trade tensions, but later in the week those tensions rose once more, creating a downbeat picture. And now things have bounced back once again. On December 3, optimism reigned as a US-China trade truce offered market hope. Just a few days later, however, the seeming breakdown of that arrangement resulted in market falls and a grea...
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Dec 05, 2018
Bull market to wind down next year, warns BofA Merrill Lynch
The long bull market cycle of excess stock and bond returns is expected to finally wind down next year, but not before one last hurrah, according to BofA Merrill Lynch Global Research in its outlook for the global markets and economy in 2019. The bear market vibe at the end of 2018 is expected to continue, with asset prices finding their lows in the first half of 2019 once rate expectations peak and global earnings expectations trough. But BofA Merrill Lynch also fo...
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