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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.”


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 […]


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