uk managers divided over outlook for banks
UK bank valuations may be at 2008 lows but UK equity managers still have a very different view on how much exposure, and to which banks, they should have.
News
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gam launches catastrophe bond fund
Fermat Capital is to run a securitised catastrophe bond on behalf of GAM as a diversifier away from equity and bond propositions.
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greek pm stands down as coalition is formed
Greek Prime Minister George Papandreou is to help form a new colaition government but will not be its leader.
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pa analysis do rmb fund launches show Chinas open
Since August last year, when the Chinese government allowed qualified financial institutions to repatriate offshore RMB into the domestic market, the Dim Sum bond market has exploded.
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fidelity adds em fund to fast range
Fidelity Worldwide Investment has added an Emerging Markets Fund to its FAST range of funds, with Nick Price at the Helm.
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cowley departs kleinwort benson
Rex Cowley, who served as the director of products and marketing at Close International prior to its acquisition by Kleinwort Benson in June, has left the company.
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obsr gives global funds the thumbs up
More than three-quarters of the global funds rated by OBSR at their latest meeting were upgraded, with four global equity funds deemed worthy of a higher rating.
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eurozone crisis to lead to further rate cuts
The ECB is likely to cut interest rates back to 1% in coming months as the Greek crisis lacks any near-term resolution, according to commentators.
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us overstates its labour market strength
Anthony Doyle looks at the US labour force numbers and argues the Fed needs to reconsider its unemployment rate that is not as healthy as it might appear from the outside.
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private client portfolios hit hard in q3
According to Asset Risk Cosnutlants, private client portfolios lost more money in Q3 2011 than in any other quarter since its records began.
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investors show belief in asia
Investors’ appetite for Asia’s future growth potential was undampened in the third quarter, with net inflows of $25bn into long-term mutual funds in the region over the period.
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boaml recognises fast growth dim sum market
Bank of America Merrill Lynch has launched a Dim Sum Index in a move that pays homage to the rapid development of the Chinese yuan-denominated offshore bond market in Hong Kong.
