India’s growth momentum lifts equity funds
For funds invested in Indian equities, 2015 is shaping out to be a good year as the country shows that it is able to reward investors with its resilient domestic consumer base.
Macro News
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Oil price plunge looms large on investors’ minds
The plunge in oil has moved front and centre in investors’ market thinking despite the looming Fed rate decision, experts say. But not all the thinking is negative.
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Third finance minister in five days lifts SA focused financials
South African President, Jacob Zuma’s decision on Sunday to name the country’s third finance minister in five days saw the country’s currency and Johannesburg and London-listed financial stocks, rebound sharply in early trade on Monday.
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Carney holds fire on rates as confidence dips
The Bank of England confirmed today rates will be held steady at 0.5% as widely expected just as data emerged showing a small dip in UK consumer confidence.
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Expect lower-for-longer oil as OPEC keeps up production
OPEC announced that the cartel will not cut output at its policy meeting on Friday.
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Investors still positioned for hubris and humiliation – BAML
Investors remain structurally positioned for the humiliation of China and hubris in California, Bank of America Merrill Lynch argues in its latest Flow Show note.
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Japan’s aging population holds $187bn
Retirement benefits in Japan are expected to gradually flow into investment products, according to a research report.
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Navigating the income transition
There is a transition going on in the income space, argues Aviva Investors senior multi-asset fund manager, Nick Samouilhan.
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US PMI contraction muddies rate rise waters
The ISM’s closely PMI report showed a contraction in US manufacturing for the first time since November 2012, the institute reported on Tuesday.
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IMF: RMB goes into the currency basket
China’s renminbi has been included in the special drawing rights currency basket, according to yesterday’s IMF executive board decision.
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Investors find their way back to EM equities
Emerging market equities have returned to favour with European investors, for as long as it lasts. After 10 straight months of net outflows, money is finally flowing into the asset class again, according to the latest Morningstar fund flows data.
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Japan’s manufacturing up in October
An increase in monthly manufacturing suggests the possibility for economic improvement after Japan fell into recession in Q3.