Dedryck Boyata, left, celebrates with team mates after scoring the first goal for Celtic. Russell Cheyne / Reuters
Dedryck Boyata, left, celebrates with team mates after scoring the first goal for Celtic. Russell Cheyne / Reuters
Dedryck Boyata, left, celebrates with team mates after scoring the first goal for Celtic. Russell Cheyne / Reuters
Dedryck Boyata, left, celebrates with team mates after scoring the first goal for Celtic. Russell Cheyne / Reuters

UCL round-up: Celtic claim narrow win, Ajax held, Monaco put one foot in playoffs


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Scottish champions Celtic are in danger of failing to reach the lucrative group stage of the Uefa Champions League for a second successive season despite Dedryck Boyata’s late goal giving them a 1-0 home win over Azerbaijani side Qarabag in their third qualifying round first leg clash.

Boyata’s header from Kris Commons’ cross eight minutes from time saved the hosts’ blushes and gives them a slight advantage to take to Baku next week and hope of progressing to the play-off round for the group stage.

However, the Azerbaijani side — who beat eventual Europa League finalists Dnipro in a group stage game last term as well as holding Inter Milan to a 0-0 draw — showed enough in restricting Celtic to only a handful of opportunities that they can claim a famous scalp.

Ajax held to draw

Another former winner of Europe’s premier club competition Ajax grabbed what on the face of it was a respectable 2-2 draw away at Rapid Vienna but will be kicking themselves it wasn’t a better result.

A double by midfielder Davy Klaasen gave them a 2-0 lead by half-time.

Rapid’s Florain Kainz reduced the arrears shortly after the restart in the second-half but the hosts’ hopes looked to have suffered a terminal blow when Stefan Scwab was given a straight red just before the hour mark for a foul on Jairo Riedewald.

Despite that they levelled with 17 minutes remaining, Slovenian forward Robert Beric firing home to at least send them to Amsterdam on level terms.

Monaco in command

On Tuesday Layvin Kurzawa starred as last season’s Champions League quarter-finalists Monaco took a big step towards the play-off round with a 3-1 win away at Swiss side Young Boys.

The 22-year-old French defender blocked a goalbound effort by Japanese striker Yuya Kubo on the line in the 62nd minute and then two minutes later scored at the other end with a sublime volley, from Fabinho’s cross, to set Monaco on their way.

This sparked a crazy flurry with the three other goals coming in the next 11 minutes.

They doubled their lead through Argentinian Guido Carillo, who had come on only a minute before for another new recruit, 21-year-old Portuguese forward Ivan Cavaleiro, as he headed home from playmaker Joao Moutinho’s 72nd minute free kick.

Young Boys — whose former PSG striker Guillaume Hoarau should have done better with two free headers — briefly got back into the match as veteran midfielder Raphael Nuzolo reduced the deficit with 16 minutes remaining.

However, their hopes were extinguished within a minute as Croatian Mario Pasalic — on loan from English champions Chelsea — scored with a fierce strike from the edge of the penalty area.

While the second leg should be a formality for Monaco a tougher task lies ahead with the likes of Manchester United and Valencia potential opponents in the final qualifying round which leads to the lucrative group stage.

Fenerbahce face uphill task

Elsewhere another side who radically changed their squad during the close season, Fenerbahce, fared less well as they were held 0-0 at home in Istanbul by Ukrainian outfit Shakhtar Donetsk, who are no strangers to the group stages.

Despite fielding several of their big name signings, such as Portuguese winger Nani, the Turkish side were unable to unlock the Ukrainian defence.

Dutch striker Robin van Persie — signed amid much fanfare earlier this month from Manchester United — came on for the last 20-odd minutes replacing Moussa Sow but contributed little.

Fenerbahce, who have returned to European competition after serving a two-year ban for their involvement in match-fixing, will have it all to do next week in the second leg to keep alive their hopes of a return to the group stage of the Champions League for the first time since the 2008-09 season.

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Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg