Overshadowed by the US presidential election last week was a “bold and historic” move by the Indian government to ban 500 and 1000 rupee currency notes, which is expected to be “transformational” for the economy in the medium term, asset managers said.
Category: News
Are ESG funds doomed to fail under Trump?
President-elect Donald Trump might not be all bad for funds that make impactful investments in clean energy, technology or innovative pharmaceuticals, said AXA Investment Managers global head of responsible investment Matt Christensen.
The FSA Spy market buzz – 11 November 2016
Pimco hires; FPI finds a replacement; plaudits to Janus; Eastspring and Invesco; asset managers on Trump; thoughts on consolidation; Muzinich’s launch gets closer and much more.
Ex-offenders in Singapore can work in financial services
The Monetary Authority of Singapore (MAS) has no rules against hiring ex-offenders for positions in the financial services sector, deputy prime minister Tharman Shanmugaratnam has confirmed.
`Trump is a businessman’, China reasons
Despite slamming the country as a trade “cheater” and “currency manipulator”, Donald Trump has not received a rough response from state-run media.
Risk on! Trump wins, investors stunned
Donald Trump has won the US presidential election, riding a wave of global anti-establishment sentiment and in a Brexit-like manner, upending the status quo. Republicans also won a majority in both the Senate and House of Representatives.
Fidelity pulls from UK for senior Asia appointment
The firm has brought Ben Waterhouse from Fidelity in the UK to head the intermediary business for Southeast Asia and the Middle East and serve as country head of Singapore.
CIFM focuses on A-share earnings
Mainland companies with stable earnings and low valuations are preferred amid uncertainties around the globe, said Jenny Szeto, Hong Kong-based senior fund manager at CIFM Asset Management.
The FSA Spy market buzz – 04 November 2016
Jupiter hires; Zurich veteran resurfaces; HSBC’s sales; Citibank’s strategy; marketing dilemmas and much more.
SDR inclusion sends billions into China treasury bonds
Despite a weakening RMB, foreign holdings in Chinese government bonds grew another RMB 12bn ($1.78bn) to RMB 398bn ($58.9bn) last month, the 12th consecutive month of increase.
