Capital Group | When will the bear market end?
As stocks and bonds continue to tumble a week after the Federal Reserve’s latest rate hike, investors are understandably asking how long this painful bear market will persist.
Antiwoke ETF ‘God Bless America’ plays US sentiment
US-based Strive Asset Management knows how to address sentiment among a section of Americans. Strive launched two ETFs this week. One is called “God Bless America” with the ticker symbol YALL. The other ETF has the ticker DRLL and invests mainly in oil and gas (76 per cent). They have since been dubbed as anti-woke ETFs in the media.
BlackRock caught in political tug of war over SRI
BlackRock finds itself caught in a tug of war in US politics over its approach to sustainable investing.
On the one hand, there are Republican-led states that believe the world’s largest asset manager is hostile to the carbon-focused industry. On the other hand, there are Democrat-led governments that believe BlackRock is backtracking on its commitment to addressing climate issues.
Morningstar Top 5 Emerging Markets Stocks: Acadian leads
For emerging markets, the third quarter of this year was almost the exact mirror image of the second quarter. The MSCI EM index recorded an underperformance compared to the MSCI World index, mainly due to a solid loss for Chinese equities. In Latin America, some markets actually made up for second-quarter losses in the past three months. Meanwhile, the war in Ukraine continues to weigh on Eastern European markets.
Quintet’s Puilaetco integrates wealthtech Abbove
Belgian private bank Puilaetco, a unit of Luxembourg-headquartered Quintet, is integrating fintech Abbove’s technology solution into its wealth advice service offering.
The bank’s clients will now be able to use the Richer Life Plan service, giving them a broader view of their wealth planning, said Puilaetco’s Country CEO Ludivine Pilate (photo) and Abbove’s CEO Guillaume Desclée.
Russell launches Global Unlisted Infrastructure Fund
Global investment solutions provider Russell Investments on Thursday announced the launch of a Luxembourg-domiciled global unlisted infrastructure fund. The open-ended private markets fund aims to invest in opportunities that address the need for new infrastructure solutions to meet evolving social and economic demands.
‘Luxembourg needs to cut investor threshold to €100k’
The Luxembourg Private Equity Association hosted its Insights conference on fundraising and investor relations on Thursday. It became clear that, in order to remain competitive, Luxembourg needs to lower its minimum entry threshold for investors in private equity without waiting for new European Union AIFMD rules to emerge.
Synchronised housing market downturn triggers nerve pains
As real estate markets worldwide move in tandem by showing clear signs of a downturn, two major international financial bodies this week have reiterated their concerns over the housing market’s potential impact on financial stability. Both the European Central Bank and the International Monetary Fund have raised a red flag. Investment Officer looks for answers to some key questions a moment that mortgage rates are at their highest since 2006.
‘If interest rates peak in six months, now is time to act’
Many investors are on the fence about re-entering the badly battered bond market when the bottom may be near. The smart ones will want to enter the market well before interest rates hit their peak, says Michael Gitlin, partner and head of fixed income at Capital Group.