Asset Management is a great business. Though you might not know that from some of the numbers. Take a look at how many of the listed fund management groups have done in the UK so far this year compared to the average stock. Manager Share Performance Schroders -27% Aberdeen -20% Legal & General -11% M&GContinue reading “Irish Investment Managers: What’s Going On?”
Tag Archives: Costs
Are Irish Investment Managers charging too much?
Fees charged for managing money have been coming down. This has been a long term trend which has picked up pace. A recent global survey by Morningstar shows that over the past 4 years, management fees for all active funds in their universe have shifted down from 0.68% to 0.6%. Most of this decline tookContinue reading “Are Irish Investment Managers charging too much?”
And the Winner is….
What’s driving the strong performance of Irish investment funds? What’s driving the winning performances amongst Irish fund managers today? And can it be sustained? Firstly, it’s been a good period to be invested in markets. Over the past year, Irish fund managers have on average returned around 20% in Global Equities and about 12 toContinue reading “And the Winner is….”
So….you still want to be an Investment Manager
Asset Management should be a great business. If you’re successful, you can grow, scale up your business, while keeping your costs under control, and generate huge profits. Also the demand for your product looks set to grow persistently as pension and wealth flows increase globally. However all is not well in investment management – certainlyContinue reading “So….you still want to be an Investment Manager”
Do Investment Models Work?
Yes – until they don’t. What I’m talking about here are the models, processes, frameworks that some investment managers may use when they are allocating across the various asset classes such as stocks, bonds, property, cash, alternatives etc. The usual building blocks of such models may include factors such as valuation, economic growth, interest rates, currencies,Continue reading “Do Investment Models Work?”
Forget the economists – what they are saying on the Street?
As the second quarter company earnings season closes out, it provides a good window on to what’s actually happening on the ground in the US economy.Rather than listen to the economists and analysts, we can hear what the women and men who actually run companies, and have to report to shareholders, think where we areContinue reading “Forget the economists – what they are saying on the Street?”
Asset Management continues to deliver…………………certainly for the asset managers.
. In fairness, investors generally have also been enjoying good returns through this pandemic period.2021 will be another record year for the Asset Management industry.Markets have performed well, investors have poured record amounts into funds, and costs have been extremely well managed. Headlines about asset managers’ profits in the Financial Times ring with words likeContinue reading “Asset Management continues to deliver…………………certainly for the asset managers.”
Fund Management – Next Steps
It’s business as usual for fund managers – in fact it’s better than usual. Recovering markets and consistent positive funds flows have pushed global industry assets under management to a new peak of €93 trillion. That’s up 11% on the previous year. Closer to home European asset managers saw their assets up 5% to overContinue reading “Fund Management – Next Steps”
Visibility getting better – but companies aren’t waiting.
Company CEOs have been finding it difficult to provide guidance and clear business outlook in 2020 given the uncharted waters, but it’s been getting slightly better. Earlier in the year during the Q1 reporting season, almost 70% of US companies that normally guide analysts and the markets on what to expect, simply abandoned giving anyContinue reading “Visibility getting better – but companies aren’t waiting.”
What’s going on? Forget the numbers What are CEOs saying?
So Q1 was a write-off and there is zero visibility on business outlook. But I believe there is value in looking at what CEOs, the people who actually run companies, are saying, to get a better sense of any unique or emerging trends within the downturn, and whether these trends may persist. As ofContinue reading “What’s going on? Forget the numbers What are CEOs saying?”
Fund Managers – Brave New World
2018 was a tough year for fund managers. Markets were unforgiving and saved a lot of the angst for the last month of the year. Performance suffered and what the Financial Times labels “flowmaggedon” , where we saw very hefty outflows from funds across a wide range of asset, combined to hit the P&L accountsContinue reading “Fund Managers – Brave New World”
Money for Nothing
Funds, fees and the future So you’re an investment manager – would you work for free? – nothing, nada, zilch, zero? Fidelity grabbed headlines recently with a zero charge on fund management – granted it was for a basic index product where fees were minimal anyway and stock lending can provide the manager with anContinue reading “Money for Nothing”
Tradewinds 