ETFs could spark next financial crisis
An economics consultancy has warned that ETFs contain a design flaw and could well be the catalyst for the next financial crisis.
Investment
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Investors cool on China despite buoyant returns
The risk of a trade war between China and the US has fuelled investor uncertainty. One fund selector has dropped their only China equity focused fund while another portfolio manager has reduced his China allocation.
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Polar Capital announces Paris office as ‘Brexit shadow’ looms
Polar Capital has confirmed a raft of changes to the business, including the opening of a Paris location, as it looks to expand its European presence in light of Brexit uncertainties.
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Woodford cancer treatment holding jumps 51%
Neil Woodford saw his stake in an unquoted cancer treatment company jump $35.4m (£26.6m, €30.3m) in his investment trust on Friday as it announced pricing on its initial public offering.
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Eastspring steps up multi-asset game
Eastspring Investments is looking at ESG and China-focused multi-asset products and adding people to its investment team, according to Colin Graham, Singapore-based chief investment officer for multi-asset solutions.
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ESG: the art of predicting the future
Socially-responsible investing is not about short-term gains, says Union Investment’s sustainability chief Florian Sommer, it’s about divining future business trends and working out which companies are best able to adapt.
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Investing in Africa is still a tough sell
Negative headlines have done little to help managers make investing in Africa an attractive proposition, but the sheer size of the continent and the opportunities on offer mean it is worth taking a second look, says Ashburton Investments’ Paul Clark,
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BoE rate decision reveals surprise hawk
The Bank of England (BoE) has held interest rates at 0.5% but the central bank’s chief economist has surprised markets by siding with the hawks at the latest monetary policy committee (MPC) meeting.
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Zurich enters passive market with Middle East adviser offering
Zurich International Life has launched a set of low cost passive funds that will offer financial advisers a simple investment solution for their customers in the Middle East.
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Vanguard and Blackrock exposed to US child detention camps
Blackrock has blamed index tracking products for its large stake in a contractor involved in child detention centres in the US, while Vanguard, along with several active investors, has been silent on its exposure to the political controversy.
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Chinese asset managers eyeing European investors
More China-based asset managers are expected to internationalise and target European investors, according to Alessandro Silvestro, Hong Kong-based managing director, Asia Pacific, at Lemanik Asset Management.
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Cold-called investor wins compensation
A company that downplayed the risks of buying shares in unlisted companies to a cold-called investor has been ordered by the UK’s Financial Ombudsman Service (FOS) to put the investor into the position she would have been in had she never invested.