HSBC’s profits in the third quarter were some $4.3bn higher than the previous year, largely thanks to its renewed focus on Asia.
Author Archives: Kristen McGachey
Kristen joined Last Word Media and the world of financial journalism in April 2016, leaving behind a career in a legal publishing firm as a senior researcher turned assistant editor.
This native Angelino initially moved to the UK in 2008 to complete her undergraduate studies at the University of Nottingham. She subsequently obtained a Masters degree in Philosophy with Literature from the University of Warwick.
EM debt drives global bond ETF inflows
The global bond ETF industry garnered almost twice the amount of capital from investors in the second quarter of 2017 as it did the year prior, thanks to sustained demand for EM debt passive products.
China GDP growth surprises on the upside
China pulled off better than anticipated growth in the second quarter, leading analysts to speculate it could have greater momentum going forward.
Amundi and IFC to create $2bn EM `green bond’ fund
The world’s largest green bond fund dedicated to emerging markets will be developed by Amundi and the International Finance Corporation.
China entering `perfect storm’ of disappointment, says Jupiter
Manager of the Jupiter Asian Income fund Jason Pidcock predicts 2017 will be the last year Chinese growth exceeds 6% as the countdown to its property bubble bursting begins.
No end in sight for passive product takeup
Passive momentum is unlikely to slow even if active management performance improves, says Cantor Fitzgerald director of equity research financials Keith Baird.
Jupiter’s Slenderbroek: No M&A for us
Jupiter Investment Management chief executive Maarten Slenderbroek has pre-empted takeover rumours by stating the firm is not in the market for M&A.
Weakening yuan, stronger dollar, huge concern
The media has given little attention to the increasing global risk posed by China’s weakening currency, according to Mark Smith, partner at UK-based wealth manager Andrews Gwynne.
Investors like Aberdeen and Standard Life merger
News of Standard Life’s agreement to purchase Aberdeen Asset Management has seen shares in both companies take off, with the former climbing to its highest value in over a year.
BMO keeps overweight Asia post-Trump
BMO Global Asset Management’s Gary Potter revised his funds’ underweight US position to neutral after the election, but did not back down from his convictions on Japan and Asia despite Donald Trump’s trade rhetoric.
