Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
18/03/2015

First State divides First State Stewart

First State Investments will split its First State Stewart team, which manages a full range of Asia-Pacific, emerging market and global equities, into two, the Australian asset management firm announced on Tuesday. The decision was made in order to face «the burden of scale», which has led to the temporary closure of several funds. By dividing the teams into two smaller ones, First State hopes to give each one agility which the ensemble was beginning to lack.Two teams will be created. The first, renamed as Stewart Investors, will be based in Edinburgh, but will also have members in Singapore, London, and soon, Sydney. It will take over the mananagement of emerging markets, global and sustainable funds, and most of the Asia-Pacific funds; its assets will total USD34bn. The second team, FSS Asia, will be based in Hong Kong. It will manage the Asia Equity leaders, Asia Select, Far East Leaders, Greater China funds, and mandates invested by country, for USD23bn in assets. The FSS Asia team will also have members in Singapore and Edinburgh.The two teams will continue to belong to First State Investments, and will report to Mark Lanzberger, CEO.The changes will become effective on 1 July.
18/03/2015

Delaware Investments recruits head of UBS GAM in America

p { margin-bottom: 0.25cm; line-height: 120%; } The US asset management firm Delaware Investments, the asset management affiliate of Macquarie Group in the United States, has announced the appointment of Shawn Lytle as president, effective from 1 June 2015. Lytle joins from UBS Global Asset Management, where he worked for 13 years, most recently heading its business in the Americas for the past five years. Before joining UBS GAM in 2002, Lytle worked at JP Morgan Asset Management for 10 years in a variety of role, including as a global equity portfolio manager and as part of the initial sales team establishing the external US mutual fund business. Shawn Lytle replaces Patrick Coyne, who will be retiring during 2015. The new recruit will also take over the regional responsibility for Macquarie Investment Management in North America, previously assured by Coyne. Coyne will remain at Delaware Investments through 30 September, to assist in the leadership transition.
18/03/2015

Departure of CEO at PineBridge Investments

p { margin-bottom: 0.25cm; line-height: 120%; } The US asset management firm PineBridge Investments has announced the resignation of its CEO, David Jiang. Stephen Fitzgerald, vice chairman of the board of directors, has been appointed as interim CEO with immediate effect, while retaining his position on the board of directors, which he has held since 2013. Jiang, formerly of Bank of New York Mellon, was recruited by PineBridge in 2012. Fitzgerald, for his part, was previously chairman of activities at Goldman Sachs in Australia and New Zealand. Before that, he served as head of the Goldman Sachs Investment Management Division in Asia, and for eight years served as chief investment officer for international fixed income.
18/03/2015

UCITS funds attracted EUR83bn in January

Net sales of UCITS jumped in January to EUR 83 billion, compared to net outflows of EUR 12 billion in December, according to the European Fund and Asset Management Association (EFAMA). “Net sales of UCITS increased considerably in January on the back of the ECB decision to launch a quantitative easing programme and the related expectation of stronger economic growth and lower interest rates in the euro area,” commented Bernard Delbecque, director of economics and research. Long-term UCITS (UCITS excluding money market funds) net inflows increased substantially to EUR 55 billion in January, up from EUR 16 billion in December. Bond fund net sales returned to positive territory in January posting inflows of EUR 18 billion, against net outflows of EUR 1 billion in December. Equity funds posted net sales of EUR 9 billion, up from breakeven point in December. Balanced funds enjoyed a rise in net sales to EUR 27 billion in January, up from EUR 13 billion in December. Money market fund net sales returned to positive territory in January posting inflows of EUR 28 billion in January, compared to net outflows of EUR 28 billion in December. Total net assets of UCITS stood at EUR 8,429 billion at end January 2015, representing a 4.9 percent increase during the month. Total net assets of non-UCITS increased 5.5 percent to stand at EUR 3,385 billion at month end.
18/03/2015

Amundi includes Amundi Smith Breeden expertise in its Sicav

Amundi has announced that it has created two new sub-funds of its Luxembourg Sicav Amundi Funds, with the aim of incorporating the US bond expertise of Amundi Smith Breeden, a US affiliate of the French asset management firm.The newly-created bond sub-funds are the Amundi Funds Bond US Aggregate, Amundi Funds Bond US Corporate, Amundi Funds Absolute US Corporate and Amundi Funds Bond Global High Yield.“The lauch of these four sub-funds is an illustration of our desire to be present in as broad a bond investment universe as possible, so as to provide exposure to the most attractive investment themes at all times,” says Eric Brard, global head of fixed income management at Amundi.The Amundi Funds Bond US Aggregate fund invests in liquid US securitisations, such as government and corporate bonds and collateralized debt obligations (CDOs). The Amundi Funds Bond US Corporate fund offers exposure to one of the broadest corporate bond markets, and in priority to investment grade issuers. Amundi Funds Absolute US Corporate puts in place an active management without a benchmark index, with flexibility of investments. Lastly, The Amundi Funds Bond Global High Yield fund seeks to offer attractive global returns, combining attractive high yield bond coupons and capital gains.
18/03/2015

Asset management firms and institutionals lag behind in data management

p { margin-bottom: 0.25cm; line-height: 120%; } “Effective data management is no longer optional, when we talk about big data, fast data, or smart data,” according to State Street, which finds in a recent study, “The Innovator’s Journey: Pathways to Data Dexterity,” that asset management firms and institutional investors (insurance companies, private pension funds, other institutional funds) are unprepared to confront this issue worldwide. Although 81% of 400 companies indicate that data and analysis are among their top strategic priorities, there is a delay in putting this into practice. Only 37% have implemented sophisticated infrastructure and expertise, with governance in the area of data management. However, “the developing exposure of institutionals to new asset classes increases the need to have flexible and effective data management systems,” State Street points out. Those who show the most innovation have seen the best results. 38% have increased their investment in the area of data by more than 10% each year, and report a return on their investment. 44% of asset management firms and institutional managers surveyed feel that their investments in the areas of data and analysis are a source of competitive advantage.
18/03/2015

Assets under management up by more than 12% at Safra Sarasin

p { margin-bottom: 0.25cm; line-height: 120%; } Assets under management at the Groupe J. Safra Sarasin as of the end of December totalled CHF147.4bn, up by 12.2% compared with the previous year, according to statistics released by the group on 17 March. Net profits for the group totalled CHF205.3m in the 2014 financial year, compared with CHF180.5m in the previous year, for growth of 14% year on year. “We have anchoured ourselves in fast-growing markets, such as Asia and the Middle East, and strengthened our traditional presence in other major national markets. The positioning of the Group is optimal to continue our growth strategy and our leading role in the current process of consolidation in the sector,” says Jacob J. Safra, vice-chairman of the J. Safra Sarasin Group, in a statement. “In the course of the year 2014, we accelerated our growth through targeted investment in several areas: developing our asset management product range for the institutional sector, the acquisition of the private banking activities of Morgan Stanley in Switzerland, the recruitment of talented teams in Europe, the Middle East and Asia. One of our major advantages is our strong international presence, combined with the family culture of a private bank. That makes it possible to create connections between clients and investment opportunities across the globe,” says Ilan Hayim, chairman of the board of directors at J. Safra Sarasin.
18/03/2015

Vontobel gains new clients in Asia

p { margin-bottom: 0.25cm; line-height: 120%; } The Vontobel bank has signed up four new clients in Asia for its Deritrade issue platform. These are the banking firms LGT, Maybank, KGI Securities and Union Bancaire Privée, according to a s tatement released on 17 March. These contracts represent a significant step for the Asian region, and confirm “the growing need on the part of distributors to substantially reduce costs and create a differentiated product offering for clients,” Vontobel says in a statement. In Switzerland, aside from the bank itself, UBS, Morgan Stanley, Deutsche Bank, Société Générale and the Banque cantonale de Zurich (ZKB) are among the users of the structured products platform, which covers more than 70% of trading volume on the SIX Exchange. Deritrade is a centralised platform which provides a transparent means to associate and compare products and prices from issuers on the markets.
18/03/2015

JO Hambro launches Asia fund in Italy

p { margin-bottom: 0.25cm; line-height: 120%; } The British asset management firm JO Hambro Capital Management has licensed its all cap sizes Asian equity fund JOHCM Asia ex Japan for sale in Italy. The fund is managed by Samir Mehta, who belongs to a three-member team based in Singapore. The team is also composed of Cho-Yu Kooi, who on Tuesday visited Paris to present the JOHCM Asia ex Japan Small and Mid-Cap fund from JO Hambro Capital Management, managed with the same strategy as the Asia ex Japan fund, but covering Asian small and mid-cap equities. The fund, with nearly GBP20bn in assets, invests in 45 to 65 companies with market capitalisation of less than USD4bn, selected for their sustainable long-term growth. The portfolio may also invest in an opportunistic manner for up to 20% of its assets in cyclical companies (currently 10%). This investment style generally tends to prefer consumer-related stocks. This is presently the case, with nearly 33% of the portfolio in discretionary consumption, and 18.5% in base consumption, which represents an overweight position compared with the index. The selection of stocks now tends to prefer India and Taiwan, to the detriment of China and Korea, which are underweight in particular. Kooi now predicts that the falling commodity markets, which may be expected to persist, will work to the benefit of Asia, but will represent a bane for other emerging markets.
18/03/2015

La zone euro a besoin d'une meilleure coordination macroéconomique

Le Conseil d’analyse économique (CAE) préconise de rendre plus lisible et efficace la gouvernance macroéconomique dans la zone euro. Dans un rapport publié mi-mars sous l'égide du CAE, sa présidente déléguée, Agnès Bénassy-Quéré et Xavier Ragot, président de l’OFCE, estiment que la langueur économique prolongée qui sévit en zone euro s’explique notamment par la mauvaise évaluation par Bruxelles des interdépendances économique entre Etats membres.
18/03/2015

Moody's alerte sur les conséquences d'un «Grexit»

Une sortie de la Grèce de la zone euro aurait de «graves conséquences» pour la zone euro dans son ensemble, prévient Moody’s. «Même si l’impact financier immédiat était limité, la sortie d’un Etat membre d’une union explicitement destinée à être indivisible, soulèverait inévitablement des questions sur les pressions susceptibles d’amener d’autres pays à prendre le même chemin», écrit Kathrin Muehlbronner, responsable de l’analyse crédit chez Moody’s dans un nouveau rapport.
18/03/2015

New Delhi agit contre l'évasion fiscale

Le gouvernement indien a approuvé mardi un projet de loi qui vise à introduire une peine de dix ans d’emprisonnement pour les individus coupables d’avoir dissimulé frauduleusement des avoirs à l'étranger. Ce projet de loi devrait être présenté devant le Parlement lors de la session en cours.
18/03/2015

Mary Jo White appelle à l'action sur les devoirs fiduciaires des courtiers

La présidente de la Securities and Exchange Commission (SEC), Mary Jo White, a indiqué mardi qu’elle soutenait l'élaboration de nouvelles règles visant à harmoniser les différents standards qui régissent la manière dont les courtiers retail et les gérants d’actifs offrent des conseils d’investissement. C’est la première fois que Mary Jo White, en poste depuis le printemps 2013, prend position de manière tranchée sur ce sujet controversé.
18/03/2015

Le déficit de la Sécurité sociale a plus reculé que prévu

Le déficit du régime général de la Sécurité sociale a atteint 9,7 milliards d’euros l’an dernier, soit deux milliards de moins qu’attendu en décembre, a indiqué mardi le gouvernement, confirmant les chiffres rapportés par le quotidien Les Echos. Le déficit de l’assurance maladie s’est élevé à 6,5 milliards d’euros contre 7,3 milliards prévus dans la loi de financement de la Sécurité sociale votée en décembre. Le déficit de l’assurance vieillesse (retraites) a été de 1,2 milliard d’euros contre 1,6 milliard prévu en décembre et celui de la branche famille a été de 2,7 milliards (-2,9 milliards prévus en décembre).
18/03/2015

Le FMI se veut un peu plus optimiste pour le Portugal

Une mission du Fonds monétaire international a abaissé mardi l’estimation du déficit budgétaire du Portugal cette année à 3,2%, contre une précédente estimation de 3,4%. Selon le FMI, l'économie portugaise va profiter de la faiblesse de l’euro, des rendements obligataires à des niveaux historiquement bas et de la chute des prix pétroliers pour accélérer sa croissance à 1,5% cette année, contre 0,9% en 2014.
18/03/2015

Parole de CGPI avec Géraldine Métifeux

Géraldine Métifeux, vice-présidente de la Chambre des Indépendants du Patrimoine et associée-gérante chez Alter Egale, présente sa stratégie et sa sélection de fonds mise en place après avoir pris ses plus-values suite aux bonnes performances du début d'année.
metifeux.jpg
18/03/2015

Point macroéconomique de Neuflize OBC

Wilfrid Galand, directeur du conseil en investissement chez Neuflize OBC, explique à Grégoire Favet pourquoi il attend une correction en Europe comme aux Etats-Unis et quelles sont les opportunités qu'elle peut offrir.
neuflizevideo2.jpg
17/03/2015

La France rejoint la Banque asiatique d’investissement dans les infrastructures

La France, l’Italie et l’Allemagne ont officialisé leur intention de devenir membres fondateurs de la Banque asiatique d’investissement dans les infrastructures (AIIB). Cette nouvelle banque d’investissement travaillera en partenariat avec les banques multilatérales d’investissement et de développement existantes. «La France, l’Italie et l’Allemagne, en étroite collaboration avec leurs partenaires internationaux et européens, sont désireuses de s’associer aux membres fondateurs de l’AIIB pour travailler à la création d’une institution respectueuse des meilleures pratiques en termes de gouvernance, de sécurité, de prêts et de marchés publics», indique le ministère de l’Economie. La semaine dernière, la Grande-Bretagne avait annoncé son ralliemment à cette initiative chinoise.
17/03/2015

La Tunisie veut porter sa croissance à 7% en 2020

Le nouveau gouvernement tunisien est en train de mettre au point un plan sur cinq ans visant à relancer la croissance et l’emploi grâce à une série de réformes sociales et une politique de grands travaux, a fait savoir le Premier ministre Habib Essid. Il s’agit de parvenir à une croissance de 7% en 2020, a précisé le chef du gouvernement qui s’est exprimé lundi soir dans un discours à la télévision. Il a cité comme exemple un projet gazier dans le sud et la construction de routes.

Sujets d'actualité

Tous les sujets