Buy side Archive

Dec 12, 2018
The rise, fall and rise of Asian markets
Ten days is a long time in the life of Asian capital markets: at the start of last week the news was positive with the decline in US-China trade tensions, but later in the week those tensions rose once more, creating a downbeat picture. And now things have bounced back once again. On December 3, optimism reigned as a US-China trade truce offered market hope. Just a few days later, however, the seeming breakdown of that arrangement resulted in market falls and a grea...
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Dec 05, 2018
Bull market to wind down next year, warns BofA Merrill Lynch
The long bull market cycle of excess stock and bond returns is expected to finally wind down next year, but not before one last hurrah, according to BofA Merrill Lynch Global Research in its outlook for the global markets and economy in 2019. The bear market vibe at the end of 2018 is expected to continue, with asset prices finding their lows in the first half of 2019 once rate expectations peak and global earnings expectations trough. But BofA Merrill Lynch also fo...
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Nov 30, 2018
Transfer agent leaders urge creative thinking
Transfer agents must respond to a shrinking shareholder base by looking for new ways to offer services and boost contacts, industry leaders have warned. Speaking at a recent Shareholder Services Association (SSA) event, panelists noted that in recent years there has been a declining pool of shareholders in the listed public markets and many more private issuers than in the past. Dorothy Flynn, president with Broad...
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Nov 21, 2018
Taiwan’s ETF assets reach $17.5 bn
Taiwan Stock Exchange (TWSE) has said huge growth in new trading products such as exchange-traded funds (ETFs) is broadening options for investors across new and emerging indexes in the domestic market. ‘These ETFs are able to serve different investment purposes. Fixed-income ETFs serve as essential tool[s] for asset allocation, and foreign equity ETFs offer exposure to global equity market[s],’ said TWSE ...
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Nov 16, 2018
The relentless rise of indices
Although the world’s first Index, the Dow Jones Industrial Average (DJIA), was created in 1896, it was not until 1973 that the first institutional index fund appeared. Growth of indices remained slow and, while they were of interest to institutions, their appeal remained limited to specialists. But recent years have seen staggering growth in both the number of indices that exist and the volume of capital that tracks them. Exchange-traded funds (ETFs) only appeared...
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Oct 26, 2018
Who’s afraid of the big bad bear?
Investors around the world are nursing their wounds. In the month of October, the MSCI World Index has fallen 6.5 percent, the US and UK indices have both retreated by 6.7 percent, and emerging markets are a whopping 7.8 percent lower than at the start of the month. On October 24, the decline in US exchanges wiped out all the gains of 2018. The next day, the Nasdaq suffered its biggest one-day fall for seven years. Investors are pivoting forcefully into ‘risk-off...
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Oct 25, 2018
New securities offer Australian investors access to US equities
Investors on Australian time could soon take back the night using investment securities known as TraCRs to buy and trade US shares at any time of day. The instruments – pronounced ‘tracers’ and short for Transferable Custody Receipts – are the product of a partnership between pan-European equity exchange Chi-X and Deutsche Bank to make it easi...
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Oct 24, 2018
Inside the changing world of ETFs
One of the biggest talking points from the recent IR Magazine Think Tank – Canada was how to tell the difference between different exchange-traded funds (ETFs), what IR teams can do to influence ETF portfolio managers, and what else IR teams need to know. The audience of more than 60 people heard the answers to these questions and much more during the interactive ETF session. In this article we provide the highlights. Understanding how ETFs are crea...
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