In the wake of Greece’s downgrade to junk status by Standard & Poor’s, the temptation to scramble around for a quote or metaphor drawn from the Ancient Greeks was too much for most commentators.
Institutional investors should increase their allocation to emerging markets, through companies exposed to domestic growth, rather than through large global companies based in these countries, according to consultants at Towers Watson.
The largest securities investment trust in Taiwan, Fuh Hwa Securities Investment Trust, with around US$6bn in assets under management has appointed BNY Mellon Asset Servicing as global custodian by for its new mutual fund, Fuh Hwa Global Commodity Fund, launched in April this year.
"Towards a vibrant, credible and useful asset management business" runs the strapline for this year's annual Fund Forum due to take place in Monaco at the end of June. To be vibrant is certainly a worthy aim. But credible and useful? Is the asset management industry useless and not credible, then?
Fears that support for commodity prices from China is waning as the pace of the country’s infrastructure development in its cities slows are unfounded, according to Moonraker Fund Management.
Henderson Global Investors has appointed Joost Wijstma as director of institutional business for Benelux. He will be based in Amsterdam.
