Welcome to eurogeddon (via Poland)
If the current glow around the latest Greek rescue package leaves you feeling cold, a Polish economics professor may have just the investment vehicle for you: Eurogeddon, a fund aimed at making money...
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Fund file: Egypt, right or wrong?
Egypt numbers are hair-raising for investors. Since the beginning of the year its benchmark index has risen nearly 50 per cent, but those invested in Egypt stocks witnessed falls in the same index of...
View ArticleFidelity sells Indian mutual business
Fidelity Worldwide Investments, one of the world’s biggest mutual fund managers, has bailed out of the Indian market after making a loss every year since it went there in 2004. It sold its India mutual...
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Mobius starts the final chapter: Africa
Not every fund manager has a comic book made about them. Mark Mobius, the legendary emerging markets investor, has. Published five years ago, our hero finds himself in Africa in the final chapter. Fast...
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How worried are EM investors? Extremely worried, says SocGen
Some anecdotal evidence on the mood among investors has come across our desks: a note from Benoit Anne of Société Générale entitled “EM investor survey: Investors are now extremely worried”. Among the...
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Fund file: fixing China fund management
The fund management industry in China is a little dysfunctional, as we reported last week, but few claim they can see how to fix it. Which is why an item in Monday’s FTfm makes such interesting...
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Fund file: why China’s cash pile is not enough
Political leaders in the west have been keeping their eye on Beijing’s $3tn in foreign exchange reserves. If all else fails that amount of money could go a long way, they reason. But Edward Chancellor,...
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Fund file: from hot tips to cool heads
China is expected to double its assets under management by 2015, but before asset managers start anticipating a sales bonanza they should take note of some failings, notes Amin Rajan, chief executive...
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Fund file: Romania privatisation hope
Given all the eurozone bad press, it is unusual to hear from a man who can’t wait for the day when his country enters into the single currency. But, as a report in Monday’s FTfm explains, for one...
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Aberdeen: 2013 looks gloomy
Aberdeen Asset Management on Monday published a fairly gloomy forecast for 2013, complete with a warning that investors aren’t likely to find much cheer even in emerging markets. But the fund manager...
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Exchange traded products gaining ground in South Africa
Photo: Bloomberg South African investors have been cautious about dipping into exchange traded products (ETPs), which hit the scene just over 10 years ago. Reservations about the passive nature of such...
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Ashmore: growing pains
Is Ashmore running out of road? The emerging markets fund manager, which on Thursday posted a 7.4 per cent drop in interim pre-tax profits, says not. But investors aren’t so sure. The shares dipped 1...
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Ashmore sets up shop in Jakarta
Ashmore Group, the London-based emerging markets specialist fund manager, is pushing to get ahead in the race to manage the money of increasingly-affluent EM savers. On Friday it said it would open an...
View ArticleSA: unit trusts pick up pace
Strong regulation and transparency in the local financial market is ramping up investor confidence in South Africa’s Collective Investment Schemes or unit trusts, an industry body says, after the...
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Asean funds: have passport, could travel?
Asian fund passport plans, to borrow the old cliché, are like London buses: you wait ages for one and then three come at once. Wednesday’s announcement between the regulatory bodies of Singapore,...
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Parsing the top 10 risks for EM investors
There is no doubt that emerging market (EM) investors have cheered up considerably of late. Following a torrid January and February, virtually all asset classes in the EM universe appear – on aggregate...
View ArticleFund Watch: investing as the Washington consensus wobbles
How do you invest in emerging markets (EM) at a time when the wheels appear to be coming off the “Washington consensus” in several parts of the world? This is the key challenge for Gary Greenberg, head...
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Fund Watch: EM healthcare is sole focus for Sectoral fund
Unhealthy lifestyles are spreading through emerging market (EM) economies as people adopt fast-food diets, work in stressful and sedentary jobs and contend with worsening pollution. These are unwelcome...
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EM investors: love Modi, hate Dilma
Enthusiasm over Narendra Modi’s election in India and fears that Dilma Rousseff may be re-elected in Brazil have prompted a sharp reversal in the two countries’ positions among equity fund managers....
View ArticleEM fund managers: genuinely active or closet trackers?
How much bang do fund managers give for their investors’ bucks? It’s a question that has provoked plenty of debate in the FT recently, prompted not least by the “scandalous index cloning epidemic” in...
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