south africa growth targets to transform country
South Africa’s National Planning Commission has announced an ambitious set of GDP targets but with no specific fiscal or monetary policies.
News
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bofe banks could reduce business lending further
Minutes from the latest MPC meeting show banks could further restrict lending to businesses and households.
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fsa appoints new fos chairman
The FSA has announced the appointment of Sir Nicholas Montagu as the new chairman of the Financial Ombudsman Service, which settles complaints between consumers and financial services firms.
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guy de blonay – euros defining moment edges closer
We are living the last few weeks of the euro as we know it, according to Guy de Blonay fund manager of the Jupiter Financial Opportunities Fund, who predicts December’s anniversary of the Maastricht Treaty to be a defining date in the eurozone debt crisis.
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Now is not the time for local currency bond funds
Local currency bond fund launches have been “super-fashionable” this year, with fund houses eulogising about the appreciation potential of emerging market currencies. But First State’s head of EM debt Helene Williamson is not such a fan.
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em corporate bonds next growth area
The growth of emerging market corporate bonds will make up for any shortfall in sovereign debt issuance as investor demand for EM fixed income develops, according to Helene Williamson head of EM debt at First State.
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henderson to retain sri funds but not sri team
Henderson Global Investors has confirmed its SRI team has been “provisionally identified as at risk of redundancy” with its funds retaining their SRI mandate and being run by the existing global and UK equity teams.
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truly unconstrained managers are tough to find
Investors who believe alpha is best delivered through an unconstrained approach should, despite the volatility they will see, show faith in those fund managers willing to invest against the grain.
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Investors still confused about volatility etfs
The popularity of ETFs and ETNs which trade in volatility has grown in recent years, though there remain misconceptions about how they work, according to a new research paper from S&P Indices.
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mcdermott post rdr costs will go up
The change to Hargreaves Lansdown’s fee structure is a clear example of how costs will go up in the advisory and platform space post-RDR, according to Darius McDermott managing director at Chelsea Financial Services.
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fidelity partners with feifa
Fidelity Worldwide Investment has become the latest company to join the Federation of European IFAs as part of its partnership programme.
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african agriculture to follow chinese industry
Yvonne Mhango points out how the transformation of African agriculture will change as dynamically and importantly as Brazil’s just has, and that China’s industries continue to.
