Europe’s Money Masters of 2016

Few investors will look back on the first quarter fondly. Weak economic data fanned recession fears, causing major stock market indexes to plunge by more than 10 percent in the first six weeks, only to recover that ground by the end of the quarter. The dollar, which many expected to keep rising, tumbled;新兴市场，许多人留下了死亡，集会。

挥发性期可能是任何异常的。全球经济仍然远远高于失速速度。衡量宽松和低于负利率，即使由于担心央行人员耗竭其工具包，也有助于维持资产价格。

“It’s no longer clear-cut that an expansionary monetary policy is positive for markets,” says Mathias Mueller, CIO of multiasset active allocation strategies at London-based Allianz Global Investors. “I think we have come to an end when it comes to the rate cycle.” An end, perhaps, but the beginning of an upturn in rates is not in sight, he adds: “We do not expect the European Central Bank to become less accommodative any time soon.”

今天的气候会对投资者的需求造成艰难的要求，但许多人正在上升到挑战。我们突出了我们的一些顶级表演者2016年欧洲投资管理奖。

亚博赞助欧冠screened leading European money managers based on performance and risk data from fund information provider eVestment, then consulted with European fund sponsors to determine the winners (listed in the table, below). We also honor leading pension funds, based on our own review of the funds’ performance, strategy and leadership in the investor community. See below for profiles of the winners.

2016年欧洲投资管理奖Pan-Europe Core EquitySchroder Investment MgmtPan-Europe Growth EquityFidelity InternationalPan-Europe Value EquityAcadian Asset MgmtPan-Europe Large-Cap EquityUBS Asset MgmtPan-Europe Small-Cap EquityStandard Life InvestmentsPan-Europe Core Fixed IncomeAXA Investment ManagersPan-Europe Corporate Fixed IncomeRobeco Institutional Asset MgmtPan-Europe High YieldStone Harbor Investment PartnersU.K. Core EquityKames CapitalU.K. Growth EquityColumbia Threadneedle InvestmentsU.K. Value EquityLindsell TrainU.K. Large-Cap EquityJupiter Fund MgmtU.K. Small-Cap EquityLiontrust Asset MgmtU.K. Core Fixed IncomeStandard Life InvestmentsU.K. Corporate Fixed IncomeRoyal London Asset MgmtEmerging-Markets EquityHermes Investment MgmtFrontier-Markets EquityAcadian Asset MgmtEmerging-Markets Local DebtInvestec Asset MgmtEmerging-Markets Hard Currency DebtPioneer InvestmentsGlobal Unconstrained Fixed IncomeAmundiGlobal BalancedAllianz Global InvestorsETF Manager of the YearBlackRock iSharesSmart-Beta manager of the yearAQR Capital MgmtESG manager of the yearRobecoSAMInfrastructure manager of the yearMacquarie Infrastructure and Real AssetsHedge FundsTCI Fund Mgmt

Nicholette MacDonald-Brown, head of research and a portfolio manager at London-based Schroder Investment Management, winner in Pan-Europe Core Equity, says European stocks offer attractive valuations but face near-term risks, including the U.K.’s June referendum on European Union membership. For long-term investors “it’s an excellent time to buy European equities,” she contends.

A surge in corporate bond issuance is giving investors more alternatives to sovereign bonds and an illiquid secondary market, says Anne Velot, head of the €10 billion ($11 billion) Active Euro Credit strategy at London-based AXA Investment Managers, winner in Pan-Europe Core Fixed Income. “The credit premium is very, very attractive relative to government rates,” she says.

搜索收益率亮起了很少的区域，因为它具有基础设施。澳大利亚企业筹集其第一欧洲基金时，投资者基础设施和真实资产的投资者基础设施和真实资产董事长亚瑟拉沃斯基董事会。四个麦格理资金超过100亿欧元，该领域正在爬行竞争对手。“你命名它，可能有一个基金经理这样做，”Rakowski说。“我们需要说服人们我们的策略更好。”

可持续性也可以说。12月份巴黎联合国会议的气候变化协议为全世界投资者的雷达屏幕提出了环境，社会责任和公司治理问题。“我们处于一个阶段，在这种情况下进入主流，”苏黎世的Robecosam可持续发展投资研发负责人Daniel Wild说，在ESG投资中获胜者。“现在你正在和大男子一起玩。你必须展示风险返回概况。“•

2016 European Money Masters单击下方查看配置文件。

Investor Lifetime AchievementRoger GrayUniversities Superannuation Scheme GermanyStefan HentschelEvonik Industries U.K. CorporateTony Broccardo巴克莱英国 Retirement Fund Central and Eastern EuropeKatrin Rahe瑞典银行投资 Funds

Manager Lifetime AchievementPascal BlanquéAmundi 荷兰Mark BurbachBlue Sky Group Small CountriesPaul Droop爱尔兰银行 法国Salwa Boussoukaya-NasrFonds de Réserve pour les Retraites

SwitzerlandAdrian RyserMigros-Pensionskasse U.K. PublicMark LyonEast Riding Pension Fund ScandinaviaHenrik Olejasz Larsen.Sampension