Avi Nachmany, Director of Research, Strategic Insight, an Asset International Company I may be traveling on a fast train between Madrid and Seville on a short family vacation, but I am not just thinking about Spain. I am also
I Googled Warren Buffet's eloquent quote from the depth of the recent economic crisis. Joe Weisenthal at The Business Insider Website (http://www.businessinsider.com/author/joe-weisenthal)
What are the critical issues facing the mutual fund industry in 2010 and beyond? The following post is the first of a three-part series inspired by Strategic Insight's recently published forecast for the mutual fund industry, “Looking Ahead to 2010.” Here, SI Director of Research Avi Nachmany raises concerns about the surge in demand for bond mutual funds. Look for further posts on equity mutual funds and global asset allocation.
The meteoric success of Carmignac, an investment manager based in Paris, is forcing the industry to think again beyond its box. In just one year, Carmignac's flagship fund went from #40 in assets in Europe to number one. Overall the boutique captured $15 billion of net inflows through the summer, while many other companies struggled to get back on their feet. How did they do it, and what does it mean for the industry?
$250 billion in net flows to equity and fixed-income funds in the first
half of 2009, the best performance for stocks in any quarter since the
late 1990s and the 20th consecutive week of positive long-term mutual
fund flows through mid-August 2009 helped draw investors cautiously
back into investments. Especially emerging markets and Asia are
described as having turned the corner to once again lead the way as a
growth driver for the industry.