Building your portfolio July 13, 2010 THEY shunned infrastructure at the height of the downturn, but now pension funds are starting to flock back to the asset class in search of an inflation-hedged alternative with long-term attractive yields. The Global Alternatives Survey, conducted by Towers Watson and the Financial Times and published earlier this week, showed that pension funds allocated more [...]
CHOICE LIVES AMID THE ANTITHESIS July 13, 2010 MANAGING DIRECTOR, ARTEMIS MARKETS have recovered recently. But is this a sustainable rally – or a “dead cat bounce”? There are cogent arguments for both bull and bear. The former begins with the observation that the outlook for global economic growth remains good. Indeed, the IMF recently raised its forecast for global growth this year [...]
FUND MANAGEMENT NEWS July 13, 2010 NET OUTFLOWS FOR EUROPEAN FUNDS Data from Lipper, the fund management research company, has found that European funds had a net outflow of €18bn in May. Money market funds saw the biggest outflows, while mixed asset and bond funds saw inflows slow to their lowest level for 12 months. Equity fund withdrawals were relatively modest [...]
FTSE climbs for sixth day on optimism over US earnings and stress test hopes July 13, 2010 BRITAIN’S top shares climbed for the sixth consecutive session yesterday, led by banks on optimism that US peers would post strong earnings and lift the sector, and that Europe’s lenders would pass a key stress test. The FTSE 100 closed 104 points, or two per cent, higher at 5,271.02, hitting its highest close in over [...]
Alcoa and Intel’s quarterly results hearten investors July 13, 2010 STOCKS rallied for a sixth straight day yesterday after Alcoa’s quarterly results heartened investors that had fled to the sidelines on jitters about the sustainability of the economic recovery. The Dow Jones industrial average gained 146.75 points, or 1.44 per cent, to 10,363.02. The Standard & Poor’s 500 Index rose 16.59 points, or 1.54 per [...]
In-form Rose can bloom on the Fife links July 13, 2010 ST ANDREWS is the finest golf course in the world. With its demanding links and a backdrop steeped in tradition, the course is looking as beautiful as ever and provides the perfect setting for this week’s Open Championship. Winning the Open at the Home of Golf is the crowning glory for any golfer, and, for [...]
Woods ditches putter after 11 years July 13, 2010 WORLD No1 Tiger Woods has opted for a change of putter for the first time in 11 years as he goes in search of a third straight Open success at the Home of Golf. Poor form on the greens has prompted Woods to ditch the model which helped him to win 13 of his 14 [...]
Looking through the key holes of the Open July 13, 2010 HAVING grown up in these parts and played the course hundreds of times, my preparation for this year’s Open Championship, working alongside Alvaro Quiros, has been slightly more relaxed than in previous years. After travelling all around the world, it’s great to be back home, and an honour as always to be at the best [...]
Arsenal cool over Fabregas shirt furore July 13, 2010 ARSENAL are understood to be relaxed about the future of Cesc Fabregas despite their captain causing a stir by wearing a Barcelona shirt during Spain’s World Cup celebrations. Fabregas has made no secret of his desire to return to Barca after seven seasons in north London and the Spanish champions have spent much of the [...]
Redknapp commits to Spurs until 2013 July 13, 2010 TOTTENHAM manager Harry Redknapp has allayed uncertainty surrounding his future by signing a new contract committing him to White Hart Lane until 2013. Redknapp’s previous deal was due to expire next year but Spurs chiefs have moved to secure the coach who led them to their best ever Premier League finish last season. The 63-year-old’s [...]
