Fidelity: 60% closet tracker threshold ‘too stringent’
The 60% active share “rule-of-thumb” used to define so-called closet trackers may be too stringent, research from Fidelity’s systematic equity team suggests.
Month: February 2020
European investors ‘risk on’ as global equity funds remain best sellers in January
Global equity funds remained the best-selling investment vehicles during January 2020, according to the latest European fund flows report from the Lipper team at Refinitiv, with BlackRock taking the top spot as the best-selling fund promoter for the month with inflows of €16.6bn.
eToro launches DividendGrowth portfolio
Multi-asset investment platform eToro has launched a 40-stock DividendGrowth portfolio targeting companies that have paid a dividend for the past 20 years.
FE fundinfo unveils group with most 2020 Alpha Fund Managers
FE fundinfo has revealed that 55 portfolio managers have become 2020 Alpha Fund Managers this year, with Fidelity International replacing BlackRock at the top of the groups table.
EU should consider regular bond calendar
The newest recruit to the ranks of large supranational issuers is also the bulkiest. Responding to Covid-19, the EU has created the €100bn SURE fund, active already, and a €750bn Next Gen EU programme, coming next year. Both are bond-financed, requiring a huge increase in the EU’s until now modest issuance, especially in the next[…]
Eppf enters arena as funding avenue for UK councils
The London Borough of Sutton hit the market on Monday for £100m, opting to print the deal via European Primary Placement Facility (eppf), a digital bond issuance platform based in Luxembourg.
EU expected to bring another colossal dual-tranche with second SURE deal
The European Union will likely go for a big size once again for its second trip to capital markets to fund its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme. SSA bankers expect the sophomore outing to hit screens next week.
Funding scorecard: European supranationals and agencies
This week’s funding scorecard looks at the progress of Europe’s supranationals and agencies at the start of the fourth quarter.
Greece snags €2.5bn with 10 year tap
The Hellenic Republic returned to the market this week to tap a June 2030 line, raising €2.5bn with its third syndication of the year.
European SSAs light up five year dollar mart
The European Stability Mechanism hit dollar the market on Wednesday with a five year benchmark — its fourth ever in the currency. Two Nordic issuers are set to follow suit on Thursday.