Shares in the South Korean electronics company fell considerably (7.5%) after the company suspended production of its Galaxy Note 7 smartphone due to persistent safety problems.
Tag: Technology
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Pokemon Go fad highights gaming demand
The global mania for Pokemon Go underscores the powerful demand in the video gaming sector, according to Joshua Spencer, portfolio manager at T. Rowe Price.
UBS prefers equities to bonds
The bank has tactical overweight positions on equities and prefers US equities relative to high-grade bonds.
China’s Huatai buys US-based WM tech firm
Huatai Securities, China’s biggest brokerage by trading volume, acquired California-based Asset Mark for $780m.
Robo investment and advisory is gaining traction
The next wave of technology is being eagerly embraced by hedge funds and wealth management firms, and that could disrupt current models of investment and advisory.
VAM Funds taps China’s clean energy sector
VAM Funds believes China’s clean energy sector is poised for high growth over the next five years, driven by increasing consumption and government initiatives, said Martina Turner, lead portfolio manager.