Industry bodies are calling on regulators to curb ongoing rises in fees charged by providers of financial benchmarks, which are driving up asset managers’ costs.
Mesirow Financial Holdings, Inc (Mesirow), an independent, employee-owned financial services firm, has appointed Natalie A. Brown as President following a unanimous vote by the firm’s Board of Directors.
Fixed income funds enjoyed a good year in 2020, with strong investment flows from investors seeking safety in central bank-supported bonds, as the pandemic ripped apart stock markets.
Global dividends fell by 12 per cent in 2020 to USD1.3 trillion in the full year of 2020, after cuts and cancellations reached USD220 billion between April and December.
Investors pulled back from equity funds in January, with appetite for risk assets dampening as global coronavirus cases registered a post-holiday surge.
Active equity funds celebrated their best month in five years in December, as data from funds network Calastone reveals that half of the month’s GBP1.7 billion investment flows in active equity went towards ESG funds.
Mutual funds across all asset classes received only half of their usual monthly inflows in September, as growing uncertainty prompted UK investors to direct money into savings accounts rather than riskier investments.
Investor demand for new actively-managed environmental, social and governance (ESG) funds is growing, and a report from Broadridge Financial Solutions documents that interest is shifting towards funds that employ best-in-class positive screening, thematic, and outcome-oriented funds.
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.