Regional differences in growth and policy will drive international financial markets next year. This is the view of Asoka Wöhrmann, Chief Investment Officer (CIO) of Deutsche Asset & Wealth Management in his outlook for 2015.

ETFs are investment funds that can be traded on stock exchanges like ordinary shares. ETFs' liquidity depends on several factors, including the liquidity of the underlying securities and the structures put in place by the ETF issuer to facilitate trading. In this expert opinion Grégoire Blanc, head of capital markets at Lyxor Asset Management, responds to frequently asked questions on the topic of ETF liquidity.

In some ways, the rise of China has been too good to be true. Its economy has grown with breakneck speed for decades (an average of 9.1% a year since 1994, with a lowest rate of 6%) – if we can believe the official accounts.

Global ETF assets - these index products emerged in the asset management industry in the early 2000s - have reached the record level of 2 400 billion at the end of 2013, reaching global hedge fund assets...

Concerns over global growth, central banks starting to tighten policy and a lack of liquidity have all contributed to a painful re-pricing of high yield in the last three months.