Bloomberg (February 9)
“Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warns its inflation-fighting battle is far from over.”
Tags: $300 billion, Bearish bets, Demand, Fed, Historic norms, Inflation, Market, Money managers
Pensions & Investments (February 2)
“Money managers in Europe still expect the U.K. economy to contract, despite the Bank of England’s latest 50-basis-point rate hike and a more subdued inflation forecast.”
Tags: 50-basis-point, BOE, Contract, Economy, Europe, Forecast, Inflation, Money managers, Rate hike, Subdued, U.K.
Wall Street Journal (April 26)
“Worries about the war in Ukraine, China’s Covid-19 outbreak, a U.S. or European recession and surging global inflation are making a long-spurned asset increasingly popular with Wall Street’s top money managers these days: cash.” Increasingly asset managers “are looking to move funds into low-risk, cash-like assets. That marks a shift from recent years, when steadily climbing equity indexes trained investors to buy every dip and not miss out on gains by holding cash.”
Tags: Asset, Asset managers, Cash, China, COVID-19, Dip, Europe, Inflation, Investors, Low-risk, Money managers, Recession, Shift, Spurned, Surging, U.S., Ukraine, Wall Street, War, Worries
Bloomberg (February 14)
“Japan’s largest money managers appear to have come to a consensus about where to allocate their sustainable investment portfolios: anywhere but Japan. The country’s four largest ESG funds have put at least 95% of their net assets in foreign stocks… devoting only a small fraction of their 1.4 trillion yen ($12.1 billion) to domestic holdings.”
Tags: Consensus, Domestic holdings, ESG funds, Foreign stocks, Investment portfolios, Japan, Money managers, Net assets, Sustainable
Financial Times (September 11)
“To global portfolio managers, the Tokyo stock market has spent the past few years looking ever more like an old curiosity shop. Everyone knows there are bargains galore in there but who can be bothered to study the cluttered and poorly labelled shelves.” Perhaps Warren Buffett will finally show money managers the way into “overlooked Japan.”
Tags: Bargains, Bothered, Buffett, Cluttered, Curiosity shop, Global, Money managers, Overlooked Japan, Portfolio managers, Stock market, Tokyo
Institutional Investor (August 6)
“Markets may have bounced back quickly from March’s Covid-19 crash, but the asset management industry will not escape 2020 unscathed.” The pandemic is “expected to shrink” the global asset management industry by almost $2 trillion. “The decline in global assets under management ends more than a decade of growth for money managers.”
Tags: Asset management, AUM, COVID-19, Crash, Decline, Growth, Markets, Money managers, Pandemic, Shrink
Bloomberg (October 5)
“Even though polls show a receding chance of Donald Trump becoming U.S. president, money managers wary of public opinion being proved wrong are increasingly looking toward Japan for an ideal hedge.” If Trump somehow pulls off a victory, it “could send cash flooding into the yen, which acts as a haven.”
Tags: Haven, Hedge, Japan, Money managers, Polls, President, Public opinion, Trump, U.S., Yen
Bloomberg (May 2)
“Money managers turned the most bullish since May as West Texas Intermediate crude climbed to a five-month high on optimism that falling U.S. production and rising fuel demand will trim the global glut.” Their optimism may be both short-sighted and short-lived as OPEC just “boosted production by 484,000 barrels a day to 33.217 million in April, the most in monthly data going back to 1989.”
Tags: Bullish, Crude, Demand, Money managers, OPEC, Optimism, Production, U.S., West Texas Intermediate
Bloomberg (February 12)
The Bank of Japan’s “decision to adopt negative interest rates has failed to rein in the currency’s advance.” In part, this is because money managers are advising wealthy families to favor the yen amid the turmoil in global financial markets. As a result, the yen is outperforming “all 31 other major currencies this year as Japan’s current-account surplus makes it attractive for investors seeking a haven.
Tags: Attractive, BOJ, Currency, Current-account, Haven, Interest rates, Investors, Japan, Money managers, Outperforming, Turmoil, Wealthy, Yen
Institutional Investor (May Issue)
“When it comes to providing the direction that money managers find most helpful, they say, Mizuho and Nomura outpace the competition. These firms share top honors on the 2014 All-Japan Research Team, Institutional Investor’s 21st annual ranking of the country’s best sell-side analysts, by capturing 24 team positions each.”
Tags: Analysts, Competition, Direction, Honors, Japan, Mizuho, Money managers, Nomura, Ranking, Research, Sell-side
