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Asset Management Media Center

Press Releases

01/09/19 MAINFIRST and ETHENEA combine their distribution support in new company
Frankfurt am Main, 9 January 2019 MAINFIRST Asset Management and ETHENEA Independent Investors S.A. are combining their distribution support in a newly formed company, FENTHUM S.A. Based in Luxembourg, FENTHUM is taking over the distribution support activities for both fund asset managers with immediate effect.
MAINFIRST will continue to manage the accounts of institutional investors and individual mandates for Germany and Austria directly. In this way, specific institutional requirements can be implemented easily and efficiently. Moreover, the close cooperation with the fund management and the dedicated account managers will continue to be available. 
12/13/18 EM corporate bonds: MainFirst expects solid returns over the next years and perceives interesting buying opportunities
 Frankfurt am Main, 13 December 2018. Emerging market corporate bonds should deliver solid returns in the coming years. Thomas Rutz, an Emerging Market expert at the independent financial services provider MainFirst, is convinced of this. "The fundamentals of EM companies remain strong and they have more room for manoeuvre than companies in developed countries," says Rutz. In his view, many emerging market corporate bonds are currently very attractive. Bonds in the JP Morgan Corporate Emerging Market Bond Index (CEMBI), for example, have an identical risk-reward profile to US and EUR High Yields. In addition, many EM companies still have upside potential, as they are considerably less levered. Moreover, in contrast to industrialized countries, emerging markets are still early cycle or at most in the middle of the cycle and there is, therefore, still a lot of potential. 
11/26/18 Facts in favour of Indonesia
Frankfurt am Main 26 November 2018 Since the Asian crisis of 1997/1998, investor confidence in Indonesia has been dampened. "However, the general sell-off recently lacked any factual basis," says Thomas Rutz, fund manager of the MainFirst Emerging Markets Corporate Bond Fund Balanced. "Investors are guided by their fears and not by the continued robust fundamentals. In fact, since 2010, the Indonesian economy has enjoyed considerable and continuous growth of around 5 percent per year, which makes it the G20 country with the most stable economic development. Inflation has been fairly stable since 2016, usually at around or below 4 percent. The main reason for this is a strong export business with commodities such as coal, whose prices increased by 6.6 percent in 2018 alone. In the last five years, 15 percent of coal exports went to China, which makes Indonesia one of the largest coal suppliers to a country that continues to use it as its primary energy source. “The coal market is currently under a healthy supply-demand regime and coal prices have recovered significantly since the supply-side reform introduced by the Chinese government in late 2016”, explains Rutz.  

Additional Insights

01/16/19 OUTLOOK FOR 2019: ATTRACTIVE GROWTH POTENTIAL IN EMERGING MARKETS
The MainFirst Emerging Markets Team expects that given the still healthy global economy, EM is set to grow more than developed countries  Strong fundamentals point to performance potential in emerging markets 
Emerging market corporate bonds should deliver solid returns in the coming years as the fundamentals of EM companies remain strong and continue to have upside potential, as they are considerably less levered, and, thus, have more room for manoeuvre than companies in developed countries. For example, bonds in the JP Morgan Corporate Emerging Market Bond Index (CEMBI) have an identical risk-reward profile to USD and EUR high yields. Moreover, in contrast to industrialized countries, emerging markets are still early cycle or at most in the middle of the cycle and there is, therefore, still a lot of growth potential. This makes many emerging market corporate bonds very attractive. The global economy is also still in a healthy state, despite the slowing in growth it has recently seen. And the MainFirst Emerging Markets Fund Management Team, consisting of Cornel Bruhin, Dorothea Fröhlich and Thomas Rutz, do not foresee a recession in the next 12-18 months. Rather, they expect that the current business cycle will continue, albeit with weaker global growth, that positive developments on the trade front between the US and China will start to take effect, and that the Chinese measures of easing should start to affect the real economy by mid-2019. While it may still take a few months for this stabilisation to become visible, constructive outcomes of the trade negotiations should have a further positive influence on this trend. 
09/17/18 If Technological Progress Accelerates Exponentially – Which Companies Are the Winners?
No one doubts today that attractive returns can be achieved with big tech companies such as Alphabet, Amazon or Apple. They are growing fast – sometimes at seemingly exponential rates. But will this continue? And which companies are benefitting from the progress made?
08/14/18 Favourable Fundamentals for Attractive Returns in Emerging Markets
EM fundamentals are intact and dedicated experts can profit from attractive buying opportunities says Thomas Rutz, EM fund manager at MainFirst.

Videos / Podcasts

German economy cools down - Thomas Meier at n-tv
11/26/2018 / 2.31

Investing successfully in value-oriented equities from the Eurozone - 5 questions to Thomas Meier
11/15/2018 / 5:25

MainFirst Global Equities Fund - a day with the fund management
10/22/2018 / 3:23

Sustainable Dividends with Attractive Performance  – Five Questions to Thomas Meier
07/17/2018 / 4:38

Structural trends are more important than economic cycles - Five Questions to Adrian Daniel 05/11/2018 / 4:10

How to successfully invest in German SMEs – Five Questions to Olgerd Eichler
01/16/2018 / 5:14

Generating market-independent returns for investors – Five Questions for Björn Esser
12/20/2017 / 4:37

How to successfully invest in Emerging Markets using a relative value approach 
12/19/2017 / 2:50 

Benefit from Growth in the Emerging Markets - Five Questions for Thomas Rutz   
10/16/2017 / 4:10

Attractive returns through Multi Asset - Five questions to Adrian Daniel
10/04/2017 / 5:11

10 YEARS MAINFIRST TOP EUROPEAN IDEAS FUND
05/19/2017 / 4:00  

THE CURRENT SITUATION ON THE INTERNATIONAL CAPITAL MARKETS 
04/21/2017 / 3:00