View more on these topics

Polin says crunch rules out single- country funds

Ignis Asset Management director Jonathan Polin believes the current economic crisis proves that the fund industry is not ready for single-country funds from emerging and frontier markets.

Polin says these offerings have come to fruition at a time when people were looking to make quick money and the recent volatility is a timely reminder of their downside.

A number of well-known leading single-country funds have seen returns tank in the past 12 months such as the Neptune Russia and Greater Russia fund, which has fallen by 60.2 per cent.

Polin says: “I think invest-ors will realise that while they need exposure to emerging and frontier markets, the better route to go down is a general portfolio that looks across all those areas and diversifies risk.”

Polin says he expects the multi-manager market to once again benefit from a prolonged bear. He says: “IFAs will continue to opt to leave fund selection and asset allocation to investment specialists. The growth of that market will lead to more sophisticated products moving towards the macro-hedge fund model as managers look to differ-entiate to justify fees.”

Recommended

Educating IFA

We are all aware that these are unprecedented times, with the current state of flux in the markets leaving no shortage of news stories and column inches on the matter.

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com