Qatar and UAE welcome in emerging market era
The long awaited upgrade of Qatar and UAE to emerging market status took place today, marking the beginning of a potential economic boom for the two regions.
The long awaited upgrade of Qatar and UAE to emerging market status took place today, marking the beginning of a potential economic boom for the two regions.
UAE and Qatar will only see modest investment initially after being reclassified as emerging markets, says a leading asset manager.
Neuberger Berman has launched an emerging market debt fund which will mirror an existing US-regulated strategy.
After five years‚ the asset manager has decided to close its China Growth Fund.
BlackRock has launched a new multi-asset fund for investors who are seeking a wide asset class exposure within emerging markets.
Allianz Global Investors has launched Emerging Markets Equity Opportunities fund‚ a Luxembourg-domiciled vehicle for Bric Stars manager Kunal Ghosh and his eight-strong San Diago-based team.
Muzinich & Co has launched a Ucits hard currency emerging market short-duration corporate bond fund for manager duo Warren Hyland and Christina Bastin.
The number of “ultra wealthy” individuals in Western countries such as the US, France, Germany and the UK has grown faster in the year to the end of June than those in the emerging market, a new report says.
Year to date some $153bn has gone into developed market funds while $1.4bn has come out of emerging market portfolios globally, according to global fund flow data from BofA Merrill Lynch (BofAML).
Raiffeisen Capital Management has launched sterling share classes for three of its emerging markets equities funds as it looks to expand its presence in the international market.
First State is to soft close Jonathan Asante's £4.2bn Global Emerging Market Leaders fund with the introduction of a 4% initial charge from 7 September.
Business people in the emerging markets of Africa, Central and Eastern Europe and the Middle East have joined the ranks of global billionaires, according to a new study by Forbes Insight and Societe Generale Private Banking.