Merrill Lynch

‘If people want to emulate what we did with GARS, they are welcome to try’

It is a short-term trend, but a notable one nonetheless: some of last year's biggest equity market gainers have seen sizeable pullbacks in recent weeks.

QUICKFIRE Q&A

Some of the UK's biggest wealth managers are turning positive on emerging markets as months of poor performance and outflows begin to reverse.

EUROPEAN HIGH YIELD

Gold ETFs have started seeing inflows for the first time in months, as political turmoil in the Ukraine and weak Chinese data pushed investors into safe havens.

Hermes' co-head of credit Fraser Lundie is buying into BB bonds over fears of a ‘race to the bottom' in high yield credit.

Multi-asset managers have been hiking their cash weightings after a rocky start to the year for global equity markets.

CONVERTIBLE SECURITIES

Strategists and multi-managers are moving back into China following the latest wave of economic reforms detailed in its Third Plenum, with some labelling the package of measures as the ‘catalyst' for stock market returns.