Buy side Archive

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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Feb 27, 2019
Aberdeen offers passive route into hedge fund strategies
Edinburgh, Scotland-based asset manager Aberdeen Standard Investments (ASI) is launching a fund of alternative Ucits funds for institutional investors, offering a passive route to exposure to a diverse range of hedge fund strategies. The ASI HFRI-I Liquid Alternative Ucits Strategy is being backed with $150 mn of institutional investor money and will ...
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Feb 26, 2019
Biggest fund managers continue to support ‘excessive’ CEO pay deals
Some of the world’s largest fund managers have been accused of nodding through excessive pay packages, according to research from As You Sow – though some dispute the data. The California-based non-profit has published a list of what it says are the 100 most overpaid chief executives from the S&P 500 last year. It compiled the list by comparing remuneration with total shareholder return and then looked at votes against those packages.  The report, ti...
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Feb 25, 2019
Chinese equity markets boosted by progress in US-China trade talks
Equity markets in China have been boosted by US President Donald Trump’s announcement that there has been ‘progress’ on a US-China trade deal and his extending of the March 1 deadline. The blue-chip CSI 300 Index rose 4 percent on the news, hitting its highest level since June 2018 and rising more than 23 percent from January lows. According to Trump’s tweets, there has been ‘substantial progress’ between the two sides, following talks. The presid...
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Feb 25, 2019
Avendus Capital opens Indian ESG fund to investors
Boutique investment firm Avendus Capital is taking money for one of India’s first funds to be based around investment decisions on ESG issues, as Indian company governance becomes a big investor concern. Avendus envisages it will raise $1 bn over two years with its ESG fund, with about 70 percent of that flow coming from foreign investors. While ESG and sustainable investment is virtually part of the norm in Europe and the US, the concept is only just emerg...
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