News

,

MENA fixed income instruments provided a relative oasis of calm against volatile market moves in 2018. MENA hard currency bond and Sukuk issuance reached USD 84 billion in 2018, with demand for new issues remaining high as regional debt was oversubscribed 2x -2.5x, according to a white paper by Emirates NBD Asset Management, KAMCO Investment Company and Fisch Asset Management. Investor appetite is likely to remain strong in 2019, as GCC bonds are included in the JP Morgan EMBI index series and regional governments sustain ambitious reform agendas. The co-authored paper, “MENA debt: an evolving world for fixed income investors”, provides an in-depth look at regional fixed income in 2018 and provides an outlook for 2019.

Download the paper here.

,

In the challenging year for investors that was 2018, almost three-quarters of strategies under management beat their benchmarks, and all Luxembourg mutual funds maintained their excellent long-term track records. Convertible bond strategies, in particular, saved investors from sizeable losses compared with equity investments. Assets under management declined as a result of weaker markets from CHF 10.6 billion to around CHF 10 billion (EUR 8.8 bn). Thanks to investment in people and technology, and its promising new business pipeline, Fisch Asset Management is optimistic about 2019, the year in which it celebrates 25 years in business.

,

In a tough year, the region has emerged as something of a port in the storm.

Read the story in The National.

,

Martin Haycock discusses strong convertible bond issuance, technology and rising interest rates with Citywire Selector. Link to video

,

Fisch Asset Management is expanding its portfolio management capabilities, strengthening its team with the addition of a convertible bond manager, a global corporate bond manager and a credit analyst for emerging market debt. As part of the planned internationalisation and continued expansion of its business activities, the Zurich-based convertible and corporate bond specialist is implementing a programme of substantial investments into staff and technology begun in 2018.

,

CNN Money Switzerland: "Demand for convertibles is rising"

,

Plans for further expansion and targeted internationalisation – Investment strategies outperform the market again