Traders on the floor of the Brazilian stock exchange. Exotic or illiquid markets often require extra skills and ...

ETFs erode fee premium for exotic markets

Emerging market equity products used to benefit from fee premiums for specialisation. However, competition from ETFs means their premium pricing has begun to evaporate just as these markets start to rally.

'Booms always end in tears'

Legendary Australian asset consultant John Nolan believes popular US tech stocks Facebook, Apple, Netflix and Google are wildly overvalued.

'I did the dumbest thing ever'

Magellan's Hamish Douglass has owned up to a making a handful of poor investment decisions in his time as chief investment officer.