UBS introduces wealth management app in Asia
UBS Wealth Management is rolling out a wealth management app and has set up an “innovation centre” in Singapore that aims to commercialise ideas that would help serve its clients.
Macro News
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Expect more asset price volatility – Draghi
European Central Bank president, Mario Draghi told journalists on Wednesday that markets should get used to higher levels of volatility.
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Grexit could be overshadowed by US GDP – Brooks Macdonald
Kicking the Grexit can down the road has gone on long enough says Brooks Macdonald’s Jon Gumpel, but US Q2 growth figures could push the issue to the sidelines.
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Real economy catching up but investors must be wary – BlackRock
A closing of the gap between the real economy and financial market recovery is promising, says BlackRock’s Justin Christofel, but thin margins of safety mean investors must tread carefully.
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Latest growth numbers point to further rate cuts in Brazil, India – Schroders
Slowing growth numbers in both Brazil and India have raised expectations of a more dovish monetary stance in both countries Schroders said on Friday.
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Invesco issues curve warning
Invesco Perpetual’s chief investment officer Nick Mustoe has said there is a growing risk of policy error in the UK and US given their labour markets are tightening and wage growth has accelerated in both countries.
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Institutional investors focus on multi-asset as risk turns back on
Institutional investors continue to favour multi-asset strategies as a way of balancing risk and return a new survey by NN Investment Partners shows.
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Trade groups welcome ‘crucial’ european capital markets union
European financial trade bodies have unanimously welcomed in the European Commission’s green paper on creating a Capital Markets Union, describing it as an opportunity to support the industry’s “sustainable economic growth and long-term financing”
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Heavy utilities regulations translates to sustainable dividends – Fidelity
Investors seeking sustainable dividends should look no further than the heavily-regulated utilities sector, according to Fidelity Worldwide Investment’s Michael Clarke.
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Bank of england minutes pointing to 2016 raise
The minutes from the last Bank of England monetary policy meeting have revealed there remains little dissent within the committee, with all members united in holding rates steady at 0.5%.
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Fund managers sanguine as uk slips into deflation
UK consumer price inflation fell to -0.1% in April, the first negative reading since records began in 1996.
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Positive sentiment on chinese banks ignores govt. stranglehold
The consensus view that China’s cuts to banks’ required reserve ratios were a stimulative measure is negated by the mechanics of Chinese banking system itself, says Matthews Asia’s Andy Rothman.