Buy side Archive

Apr 05, 2019
The week in IR: Hong Kong securities watchdog cracks down on margin finance, and SEC sides with Exxon on shareholder climate proposal
Hong Kong’s securities watchdog said it is cracking down on margin finance after a number of high-profile collapses in the share prices of traded companies, reported the Financial Times. The Securities and Futures Commission recommended guidelines that would block brokers from offering margin loans for stock purchases of more than five times clients’ capital. The new ...
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Apr 01, 2019
Investors boosting allocation to hedge funds
Despite a turbulent 2018, noticeable for poor performance, institutional investors are boosting their allocation to hedge funds, driven by a search for alpha generation and diversification, a JPMorgan Chase institutional investor survey finds. An examination of these investor priorities geographically shows alpha generation to be the primary reason for investors in EMEA (58 percent) and Asia-Pacific (57 percent), while fewer consider it as important in the Americas ...
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Apr 01, 2019
Hermes: Five misconceptions of company engagement
This investor engagement role remains a young phenomenon for most and therefore many myths exist around approaches to engagement and a company’s willingness to change. Here, Will Pomroy, lead engager of the Hermes SDG Engagement Equity Fund, puts to bed five misconceptions. Myth one: ‘Dirty’ companies will never become fully clean Some believe engagement with so-called ‘dirty’ companies is destined to fail given the nature of the bu...
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Mar 29, 2019
Submerging from emerging: The next stage – for some – in Saudi Arabia’s equity story
At this stage in the story of Saudi Arabia’s equity market emergence, two of the world’s three most important index providers – FTSE Russell and S&P Dow Jones – have included the country in their emerging market (EM) indices. By the end of 2019, the country is hoping that its newly gained status will attract $20 bn of foreign investment, supporting ...
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Mar 25, 2019
Foreign investment into China set to top $1.5 tn over 10 years
Things are looking up for the Chinese market, with an impressive $1.5 tn of investment into China expected over the next 10 years, as a new foreign investment law starts taking effect, according to research from law firm Linklaters. The analysis projects $1.5 tn of inbound investment into China over the next decade, accelerated by the newly signed Foreign Investment Law, which increases the scope for foreign investors’ Chinese M&A and investment strategies. Th...
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Mar 22, 2019
Global growth expectations still big concern for investors, says BofAML
Global growth expectations are still a big concern for investors, according to the March Bank of America Merrill Lynch (BofAML) fund manager survey, which reveals 25 percent of those surveyed expecting global growth to weaken over the next year. This is, however, a positive when compared with the 46 percent of investors who said they expected global growth to weaken over the following 12 months ...
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Mar 22, 2019
The week in IR: Investors call for Lyft to scrap proposed dual-class share structure, and SEC wants smaller investors to have better and faster stock data
The Financial Times reports that investors are calling for Lyft, an on-demand transportation company based in San Francisco, to scrap a proposed dual-class share structure. The publication notes that Lyft is looking to raise around $2 bn and will be seeking a valuation of $20 bn. Lyft plans to create a new class of shares carrying 20 votes each in regulatory filings t...
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Mar 20, 2019
Worst-performing funds of 2018 bounce back in 2019
The adage that what goes up must come down has been turned on its head with funds that suffered a decline in 2018 enjoying a rebound in early 2019. The volatile nature of returns has seen 53.3 percent of funds that sat in the bottom quartile for performance during the fourth quarter of 2018 bounce back to the top quartile in 2019 (to the end of February), according to investment research firm Morningstar. This is based on UK-domiciled funds in the Morningstar Catego...
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Mar 20, 2019
Socially responsible ETFs: Q&A with Impact Shares’ CEO
In the following Q&A, IR Magazine talks with Ethan Powell, CEO of Impact Shares, to get an insight into the ESG-ETF convergence, trends within the impact investing space and its benefits for the investor relations community. Can you explain the drivers behind ETF-ESG investing? ETFs have largely been credited with the proliferation of indexed-based strategies, which reached more than $10 tn in assets in 2017, eclipsing the combin...
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Mar 18, 2019
Chinese investment in Europe continues decline
As a gauge of the implications of arguments in Europe over Chinese economic influence, new research reveals that Chinese direct investment in Europe continued to decline in 2018. This is the major finding of a recent report by New York-based research firm Rhodium Group and the Berlin-based think tank Mercator Institute for China Studies (Merics) Though the decline was mainly a result of capital controls and lower liquidity in China’s financial system, a maj...
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