The future of wealth advice? A Netflix-like platform
A Netflix-like environment that provides access to advice that is data-driven, personalized, continuous and preferrably subscription-based, is the future of wealth advice according to McKinsey.
‘Buyback suspensions increase US market volatility’
Market volatility will increase as a result of a decline in share buybacks and lower earnings growth per share, warns Goldman Sachs.
David Kostin, who leads the business bank’s portfolio strategy team, writes in a note to the bank’s clients that the 51 listed companies in the S&P that have suspended their share buyback programmes account for no less than 27% of total S&P 500 share buybacks in 2019.
UBS AM: What is the potential impact of COVID-19 on global infrastructure markets?
Of most relevance to infrastructure investors is the likely sharp contraction in GDP growth (at least in the short term), lower oil prices and stress in the credit markets.
Allfunds hires Stéphane Corsaletti for Lux office
Stéphane Corsaletti is the new Chief Investment Officer of fund distribution platform Allfunds. The Frenchman will lead Allfunds’ recently formed digital investment solutions platform from its Luxembourg office.
Corsaletti will be part of the executive committee, reporting directly to CEO Juan Alcaraz. Launched in 2000, Allfunds is one of the world’s largest fund distributors. It offers clients access to a universe of over 125,000 funds through Allfunds Connect.
Schroders: 3 raisons du redressement «plus rapide» des obligations d’infrastructure
Ces 35 dernières années, les obligations d’infrastructure ont été plus stables que les obligations d’entreprise.
Did ETFs really pass the bear market test?
ETFs have remained open for business during the coronacrisis, while credit markets were largely frozen. But ETFs were still able to cope with unprecedented outflows, providing investors with badly needed liquidity. However, this may just be a Pyrrhus victory for the index providers.
Coronacrisis reinforces trends in real estate
The coronacrisis has hit the real estate sector hard. Much of the damage could prove to be permanent, as underlying trends are now accelerating and consumer behaviour could change permanently, says Michael Gobitschek, manager of the Skagen M2 fund.
‘Will we still travel as much as before the virus outbreak In two years’ time, for example? And we may be working from home a lot more’, Gobitschek asks.
UBS AM: The only real ‘bazooka’ is a COVID-19 vaccine
For the time being, the overwhelming monetary and fiscal measures appear to be enough to avert a financial crisis. But a breakthrough in the fight against COVID-19 is needed to get the economy back on track.
AXA IM: Is a vaccine for coronavirus on its way, and what are the challenges?
Peter Hughes, PhD, Fund Manager, Healthcare Strategies at AXA IM, gives his view on the current trials to develop vaccines and treatments for COVID-19, and what the challenges – and next steps – might be.
Fund managers fear more dividend cuts
Fund managers expect more companies to cut their dividends, following the example set by banks. However, many companies still are perfectly capable of maintaining their dividends, according to DPAM’s Laurent van Tuyckom.