Will Jackson

Adviser Fund IndexNew balance

Panellists made several asset allocation changes in the balanced benchmark in this month’s Adviser Fund Index rebalancing. According to Financial Express data, exposures to Asia Pacific, UK, continental European and North American equities all rose by 1 to 2 per cent, funded by small reductions in weightings to fixed income, property and other overseas stockmarket […]

First State in fixed-income deal for UK investors

First State Investments is planning a fixed-income offering for UK investors later this year. Regional director for Europe the Middle East and Africa Gary Withers says the group is a leading player in Australian fixed income and product launches in the UK are likely to be in the fixed-income area. Withers says First State will […]

First State plans bond fund range

First State Investments, an asset manager best known in UK for emerging market equity and specialist funds, is planning a fixed income offering for UK investors later this year. According to Gary Withers, the regional managing director for Europe, the Middle East and Africa at First State, the group is a leading player in Australian […]

Adviser Fund Index

The launches of low-cost, actively managed products by JP Morgan Asset Management and Schroders are unlikely to be the last this year. As the retail distribution review prompts a greater take-up of passive funds by advisers, active managers are seeking ways to defend their market share. JPM was first off the blocks in February and […]

Rotation of the world

One of the key global investment themes at present is the rotation from emerging market equities towards developed markets. The shift, initially driven by concerns of overheating in emerging markets and bullishness on growth in the developed world, gathered pace in January and February, as political turmoil in the Middle East and North Africa reminded […]

Adviser Fund Index

Of the three Adviser Fund Index sub-indices, AFI cautious should perform with the least volatility. Asset allocation shifts tend to occur gradually and so it proved in May, when the AFI panellists trimmed their fixed income and overseas equity weightings by two percentage points. European equities fell by one percentage point while British and American […]

Adviser Fund Index

Exchange rates remained high on the political agenda last week as Brazil’s finance minister Guido Mantega claimed that governments were engaged in an “international currency war”. Mantega’s warning followed last month’s intervention by Japan to weaken the yen and reflected widespread concerns that some countries, notably China, are manipulating currencies lower to boost their economic […]

Adviser Fund Index

Retail fund of fund sales hit a record high in the second quarter of 2010. Investment Management Association data shows that multi-manager products achieved net inflows of £2.3bn between April and June, and accounted for almost £1 in every £10 of gross fund sales. The spurt boosted fund of fund assets to £46bn – 40 […]

Adviser Fund Index

British equity weightings crept upwards in the Balanced and Cautious Adviser Fund index benchmarks during the May rebalancing. While respective increases of two and one percentage points were hardly indicative of strong adviser appe-tite, they halted a pattern of declining exposure to British-listed stocks across the AFI series. Between May 2006 and May 2010, panellists […]