Ninety One hits the spot; Big tech and nothing else; Citibank’s cleanbot; A fund of ETFs; The diminishing hunt for yield; Hedge fund gold; advertising and much more.

Ninety One hits the spot; Big tech and nothing else; Citibank’s cleanbot; A fund of ETFs; The diminishing hunt for yield; Hedge fund gold; advertising and much more.
The firm has a preference for US large-caps over small-caps and European equities.
In Hong Kong and Singapore, to address board diversity the firm will use its voting power, but won’t go as far as divestment.
This week FSA presents a quick comparison of two Hong Kong equity products: the BEA Hong Kong Growth Fund and the SSGA Tracker Fund of Hong Kong.
SSGA notes the sectors in China that have a higher potential for defaults and gives a breakdown of Asia bond preferences.
Several firms have joined the stable of China bulls, but SSGA has moderated its views on China equities due to macro-economic concerns.
Diversity, liquidity and low costs have driven ETF growth in the US, but take-up is slow in Asia for various reasons, says SSGA’s chairman of global SPDR business.
Fund managers are also responsible for setting expectations on how companies should disclose ESG information, SSGA says.
The firm’s new tool aims to refine the plethora of often conflicting ESG data to provide more accurate assessments and improve company engagement.
The firm has appointed Alex Sun to the newly-created role of Shanghai-based managing director and head of China.
Part of Mark Allen.