Diamond Lee has left Old Mutual Global Investors to pursue a career outside of fund management, Old Mutual confirmed on Friday.
Category: News
The FSA Spy market buzz – 05 August 2016
Franklin Templeton summons to HQ; Change at Pioneer; Strategy move for Eastspring; Robo-advice; Goldman is disrupting; HSBC prepares for negative rates, and much more.
BoE cuts rates to 0.25%, turns on QE tap
The Bank of England’s monetary policy committee has cut interest rates to 0.25%, and committed to a new term funding scheme to “reinforce the pass-through” of the decision into the broader market.
Morningstar Asia fund reviews and re-ratings — July
An upgrade for a Meridian fund and some new ratings as coverage is initiated on products from Fidelity, HSBC and Blackrock.
HSBC GAM: No Brexit shockwaves in China
Brexit has not had an impact on China’s markets, and valuations are historically cheap, the firm said.
Assessing a Tencent investment
The Chinese internet firm is widely held in funds available for sale in Asia, but does it really have greater growth potential than Facebook? James Syme, portfolio manager at JO Hambro, argues that it does.
HSBC and Standard Chartered shares jump despite profit slides
Shares in HSBC jumped 3.6% on Wednesday despite it revealing a 29% slide in profits to $9.7bn for the first half.
ETF robo advisor to launch in Hong Kong
The second generation of an ETF robo advisor by 8 Securities will be launched this quarter with lower fees to attract cost-sensitive investors.
Japan announces $45bn fiscal stimulus package
Japan is set to launch $45bn of new fiscal stimulus measures after Prime Minister Shinzo Abe and the cabinet gave the plan the go ahead.
More China insurers move into mutual funds
Two more mainland insurers have set up a mutual fund business in July.
