Hermes hires new member for its APAC business development team; EFG partners with GQG Partners to distribute an EM fund; Capital Group and Samsung AM launch a retirement income solution in Korea; HSBC plans to roll out a robo-advisor in the UK; China’s new cyber-security law comes into force; and others…
Tag: Russia
East Capital sees Russia warming trend
The Russian market is up 37% year-to-date and the economy is moving from recession to growth. Tim Umberger, senior adviser to East Capital, is optimistic about 2017.
Firming oil price could buoy Russian market
Oil prices and Russia’s fiscal health are highly correlated, and if prices finally stabilise, the market should benefit, according to Egor Kiselev, who manages two Parvest Russia funds.
What are Russia portfolio managers missing?
The MSCI Russia Index has beaten nearly all Russia fund managers over the trailing three years.
EM corporate debt a key risk, says SSGA
Slowing EM economies and local currency devaluations are raising the risk of holding corporate debt, particularly China issuance.
Axa IM: Commodity price plunge could spark social unrest
The sustained slide in prices puts several EM commodity exporters at risk for political and social instability, the firm said.
Russia’s RDIF gets $500m top-up
The Kuwait Investment Authority has doubled its investment with the state-run RDIF for investment in Russia.
China’s Fosun opens AM firm in Russia
Shanghai-based Fosun Group has opened an asset management business in Moscow to seek investment opportunities.
Interest in Bond Connect with China grows
Exchanges in Hong Kong and Russia are each firming up their own plans for separate Bond Connect initiatives with China.
Chinese banks ink lending arrangement for Russian companies
The idea is to match Chinese credit institutions with high-quality Russian issuers. RDIF and RCIF are exploring an arrangement that would allow Chinese banks to increase the limits on loans and improve access to currency funding for both Russian and Chinese creditworthy companies, the firms said in a joint statrement. Hu Bing, President and co-CEO […]
