Consumer Staples: The end of an era?Subscription
Market and corporate lifecycles can last a very long time and create large valuation anomalies offering great opportunities for active managers.
“Today income investors should explore opportunities across a broader range of asset classes in an effort to avoid the low yield trap”
What do we really eat? What information do labels give us? Do they tell us everything? Are companies really being transparent?
This 31-page paper appears in CFA Institute’s Financial Analysts Journal. It examines the topic of ETF pricing inefficiencies. Despite the arbitrage mechanism that allows authorized participants to create and redeem shares for the underlying portfolios, ETF prices can deviate significantly from the net asset values.
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Each month IPE surveys around 100 asset managers with one or more European segregated mandates for their predictions for equities, bonds and currency markets in the next 6 to 12 months
Despite rising geopolitical tensions, there was no corresponding rise in negative sentiment in the most recent survey period. That does not mean there were no changes in sentiment trends; only that shifts were mostly slight. Perhaps it is important to put quiet times in perspective, however. Just as an ocean’s tidal shift can occur almost imperceptibly, the power behind the change can be immense....read more