Sunday, 8th November 2009

 

20 August 2008 - Tara Loader Wilkinson

ETFs are still flavour of the month

Assets under management of exchange-traded funds rose 3.2% to €110.9bn over the last quarter, according to Lipper, a Thomson Reuters research company.

ETFs allow the investor to buy market or sector exposure in a cheap, listed, liquid format. They are particular popular in volatile markets because of its transparence and flexibiilty.

Norbert Walter, chief economist at Deutsche Bank said in a note on the ETF market last month that Europe’s ETF market is likely to grow by 20% a year to €150bn by the end of 2010. Forty-two new ETFs were launched in the first half of this year, and the number is growing every week.

Brazil and basic resources were the best performing equity sectors in the first half of 2008. Inflation and currency movements were the main performance drivers in the bond segment.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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