If the United Kingdom’s exit from the European Union leaves the country ‘better off’ it could spark further break-up, according to Christine Johnson, head of fixed income at Old Mutual Global Investors.
Category: News
The FSA Spy market buzz – 12 August 2016
Changes at Prudential and OMGI; J.P. Morgan’s charts; football transfers and crashes; galloping equity markets; Olympic silliness; no alternatives; advertising from HSBC and much more.
Investors seek yield in China T-bonds
CSOP’s five-year treasury bond index tracker has been gathering assets as the RMB appears to be stabilising versus the dollar.
Money still leaving China-focused funds
One year after the surprise yuan devaluation and subsequent market crash, $4.5bn has flowed out of funds focused on China equities, according to data from Morningstar.
China’s market links resume as Brexit worry eases
After a Brexit delay, Hong Kong’s Shenzhen market connect is “imminent” and the Shanghai-London link will go forward, according to reports.
Record number of Chinese candidates taking CFA course
The number of would-be investment managers in China entering the Chartered Financial Analyst (CFA) programme reached a record high in 2016, overtaking new registrations from the US for the first time, latest figures from the CFA institute show.
Smart beta assets hit record high
Assets invested in smart beta ETFs/ETPs listed globally hit a record $429bn at the end of June, according to research and consultancy firm ETFGI.
Investors blame industry size for hedge fund underperformance
Not the excessive fees they charge, but the rapid AuM-growth of hedge funds after the financial crisis is to blame for their disappointing performance. Unfavourable macro conditions also play their part.
Mirae: India takes big step forward on reforms
The passage of the Goods and Services Tax bill last week will simplify a complex tax code, boost consumer spending and enhance productivity – giving equities a tailwind, according to Mirae Asset Global Investments.
Strong US job creation forcing Yellen’s hand
The United States’ non-farm payroll growth in July comfortably outstripped forecasts, according the Bureau of Labor Statistics.
