Recent articles by: Mark McFee
  • July 2018Opinions & Features

    Editor’s view

    It's time for another topical edition of Fund Radar – and this time we put the subject of fund pricing in the spotlight. Regulators across Europe have sought to boost product choice and fee transparency available to retail investors in recent years with the prohibition of retrocessions (in some cases) and new cost-reporting rules both key changes. The outcome is …
  • July 2018Opinions & Features

    A reversal in fortunes

    That all good things must come to an end seems to be an inevitable universal truth – and so it was for May's fund sales. After a record-smashing 17-month run of net inflows that saw over €830bn drawn into Europe's long-term mutual funds, the scales tipped the other way at last, investors taking €17bn off the table.While disappointing, it is …
  • June 2018First Sight

    Taking the plunge

    After several months of tentative inflows, investor sentiment finally gave way in May, yielding Europe's first month of net redemptions since late 2016. The fixed income category was at the forefront of the rout, with over €14bn pulled – though this was not the first time this year that bonds had been subject to a cull. What swung the dial …
  • June 2018First Sight

    Pick your scapegoat

    Europe's stock markets crashed into the red in May. Italy's nascent coalition was a key cause of consternation as anti-euro rhetoric stoked memories of the sovereign debt crisis, and the spread between Italian and German bonds widened markedly. Spanish stocks were also on the rocks more than most, on the eve of a vote of no confidence in the country's …
  • June 2018Opinions & Features

    Editor’s view

    If you hadn't already heard the news, then you may have gathered from the front cover that some changes have been afoot... MackayWilliams was acquired by Broadridge Financial Solutions on 7 June 2018, meaning that this is the very first edition of Fund Radar to be published under the Broadridge label. Welcome!
  • June 2018Opinions & Features

    Investors hold their horses

    April yielded a third consecutive month of meek flows – relative to what came before at least. At 'just' €11bn, long-term net sales this month were only around one tenth the size of January's gargantuan intake, and one fifth the size of the average monthly influx seen during 2017. As the purported end to a decades-long bull market in bonds …
  • May 2018First Sight

    First indications of fund flows in April 2018

    ▪ Fund investors maintain a steady course. Net flows of €18bn mark a third month of remarkably similar inflows. While the positive result is a vote of confidence in funds despite recent market upheavals, volumes remain low by last year's vertiginous standards.
  • May 2018First Sight

    Trundling along

    Europe's net fund sales remained on an even keel in April, tallying up to just over €18bn. Since collapsing back down from the towering influx posted in January, they have taken on an uncannily steady headline rhythm – though beneath the surface, demand dynamics have been making some subtle shifts. Mixed asset and alternative solutions remained the primary crowd-pleasers …