Institutional investors continue to shun active equities strategies in favour of fixed income, with allocations to high yield, corporate, and core bond strategies in the US rising fastest.
The market capitalisation of the global banking market dropped by 30.32 per cent between the final quarter of 2019 and the second quarter of 2020, according to data from Buy Shares.
The US equity market is reporting positive returns, but new data from Qontigo shows that this was largely driven by the stellar performances of FAANGs (Facebook, Amazon, Apple, Netflix and Google.
Appetite for ESG funds continued to soar in July as inflows reached record levels for the fourth month running, leaving ESG as one of the only actively-managed fund types to see greater inflows than passive counterparts.
MayStreet, a market data infrastructure provider, has added Fenics USTreasuries (Fenics UST) to its US cash treasury data portfolio. Owned and operated by BGC Financial, Fenics UST is a low-latency, fully electronic US Government securities trading venue that delivers displayed liquidity calibrated to the industry’s tightest tick increments.
The UK’s FTSE 100 is taking longer to bounce back than other global indices, which are showing signs of recovery from the coronavirus pandemic, according to a new tool by Daily FX.
Refinitiv has launched ESG scores for funds, allowing comparisons at the fund level for fund managers, advisers and investors, as the world of sustainable investing continues to boom.
Investors that bought into the stock market recovery in April and May largely banked their gains in June, with equity funds shedding GBP1.2 billion in outflows, according to Calastone’s latest Fund Flow Index.
The Covid-19-led recession will likely weigh on credit metrics well into 2023 from the combination of lost output and debt overhang, threatening corporate solvency, says S&P Global Ratings. The firm also believes the shape of recovery will differ from previous crises, with a wide range of outcomes across industries and geographies, and accelerating some secular industry shifts.
Integral, a technology provider to banks, brokers, and asset managers in the foreign exchange market, reported average daily volumes (ADV) across Integral platforms totalled USD35.1 billion in June 2020.