FN Marktrapporten is een service voor de betalende abonnees van Fondsnieuws. De dienst geeft toegang tot de database met research van meer dan 45 asset managers. Dagelijks wordt vroeg in de ochtend in een aparte e-mail een overzicht toegestuurd van alle nieuwe researchrapporten. Deze e-mail dienst heet de Morning Call.
Global ETPs gathered $52.6bn in November, including $40.9bn in equity funds which drove year-to-date equity fund flows to $404.5bn, led this month by U.S. and broad developed markets (DM) equities and bolstered by fixed income. U.S. equities brought in $17.4bn including $5.5bn across cyclical sector funds and with strength in momentum and value factor funds amid a backdrop of solid economic growth.
The recent correction in IT stocks led to a momentum reversal which had a negative impact on L/S Equity funds, down -1.3% last week. Market Neutral L/S, which tends to be sensitive to the momentum risk factor, were not left unscathed by sector rotations. Overall, the Lyxor Hedge Fund Index was down -1% last week, with only one strategy in positive territory: Fixed Income Arbitrage.
Dr. Mathilde Lemoine, Group Chief Economist with Edmond de Rothschild, in her latest report entitled “Macroeconomic Forecasts 2018-2019”, presents her macroeconomic predictions for 2018 and 2019. Global growth has accelerated, but household consumption remains low, which will weaken economic activity in the upcoming years.