EUROPE - Equity funds are expected to make a performance comeback over the next 12 months, according to fund rating agency, Morningstar.
Hedge funds also appear to be slipping out of favour, reported the survey of 61 investment managers across Europe and the UK, who hold an average of EUR53bn in assets under management.
Only 13% saw hedge funds making up most new fund launches over the year. Instead, fund of funds, and conventional, or plain ‘vanilla', funds were expected to dominate the scene.
About 66% of respondents said that most new funds launched in the next 12 months would be equity-based.
Fund managers also showed continued optimism about overall stock market performance; around 50% highlighted Asia (ex-Japan) as the region with most performance potential over the period.
According to Morningstar, most fund managers also seem to be responding to a demand in ethical or socially responsible funds. Some 80% said that these types of funds will increase their popularity into next year,
By Madhu Kalia
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.