As investors faced a “multi-speed world” in which uncertainty about the US and European economies contrasted with emerging markets’ rapid growth, they should not be misled by short-term signals from the markets, said Mohamed El-Erian, CEO and co-CIO at PIMCO.
Funds managers should get back to their roots, says Saker Nusseibeh (pictured), the investments chief of the £32 billion ($50.3 billion) BT Pensions Scheme’s funds management arm, and renew their long-term aim of delivering risk-adjusted alpha and stop being “investment banker wannabes”.
Australian institutions’ prevailing home-country equity bias was based on a series of lucky breaks for the domestic market and was not worth the concentration risks to which it exposed investors, said Roger Urwin, Towers Watson’s global head of investment content.
Australia’s financial sector would be strengthened if the proposed merger between its national stock exchange and the Singapore Exchange gained political approval, the Australian Centre for Financial Studies (ACFS) has argued.
As MSCI moves to expand its sustainability research capability to emerging markets, its global head of index and ESG research, Remy Briand, has urged investors to dramatically improve their reporting standards to make good on their ESG cause.
The superannuation industry’s promise to deliver steady investment returns over the long-term is unnecessarily compromised by funds’ need to maintain a high level of liquidity.
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