The ECB will cut the size of its monthly asset purchases to €30bn ($34.9bn) from January next year, ECB-president Mario Draghi announced on Thursday. Bond and equity markets as well as the euro hardly responded to the announcement.

The ECB will cut the size of its monthly asset purchases to €30bn ($34.9bn) from January next year, ECB-president Mario Draghi announced on Thursday. Bond and equity markets as well as the euro hardly responded to the announcement.
Change at Fidelity; Standard Chartered and BNP Paribas WM hire; ICBC goes global; Blackrock and tech; Hugh Young on Asia; Hubris and investing; Gold and beer and much more.
Fidelity International is the first major asset manager to make a switch to a “value for money” charging structure. The asset manager will give money back to clients when its funds underperform.
JP Morgan AM hires; Fidelity and the Asian financial crisis; Hedge funds live; HSBC thinks tech; Nordea’s AUM; OCBC gets honest; Neuberger joins the chorus; and much more.
FSA compares the Fidelity India Focus Fund with the First State Indian Subcontinent Fund.
The Chinese government’s warning on financial risk this week has put pressure on the country’s equity and bonds markets.
There’s room for active asset management and personal financial advice, despite the growth of passive and robo-advisors, according to panelists at Fund Forum Asia 2017 in Hong Kong.
FSA compares two Asian high yield bond funds: the HSBC Asian High Yield Bond Fund and the Fidelity Asian High Yield Fund.
Legg Mason hires; Change at Navigator; UBS is doing well; Discretionary thoughts from ICBC and BEA; Vontobel researches; Fidelity vs Blackrock; Contrarians at Schroders and much more.
Downgrades for Fidelity and Legg Mason, an upgrade for Threadneedle and coverage initiated on Capital Group.
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