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.
Category: News
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.
Crabb takes over OMGI China fund as Lee departs
Diamond Lee has left Old Mutual Global Investors to pursue a career outside of fund management, Old Mutual confirmed on Friday.
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.
