The Federal Market Open Committee has changed its tone over increasing interest rates next year.
Backing two of the major equity markets helped managers but some were boosted by contrarian calls.
Market predictions of higher growth and rising interest rates in 2014 were way off the mark.
Europe was followed by the US and Asia Pacific excluding Japan.
Managers claim low level of government yields are a red flag for asset class.
Asset managers are likely to undergo stress tests and face increased scrutiny of their use of derivatives by funds.
Analysis & Opinion
Dec 05, 2014
The US smashes expectations by adding 321,000 jobs in November, but experts say low inflation and wage growth is still an issue.
Nov 17, 2014
Strong underlying dividend growth from the US drags total global payouts to $288.1bn in the third quarter.
Fixed Income| Nov 14, 2014
Asset manager now has overweight positions in the local currency debt of Brazil and Turkey.
Fixed Income| Nov 05, 2014
Fund group sees $27.5bn outflows from flagship Total Return fund in full month after Bill Gross’s defection to rival Janus Capital.
Nov 03, 2014
First reactions of bond markets to the Fed’s hawkish statement may be an ominous sign.
Oct 30, 2014
Dollar rallies as investors interpret the latest Fed statement to suggest it will raise its base rate sooner than the market expected.