Fund managers like banks and brokers that combine liquidity and honesty, found our annual trading survey. UBS was voted best overall, with other firms prevailing in certain categories.
Global investors have the most cash on their books in 15 years and are overweight emerging-market equities while ditching Japanese and European ones.
Meanwhile, sentiment stays near record lows for emerging markets, as China attracts more flows but India falls out of favour, finds Bank of America Merrill Lynch’s fund manager survey.
Fund managers say a Chinese recession is their biggest tail-risk fear, according to a new survey. It comes amid declining optimism over the global economy and a sharp reduction in EM allocations.
More managers have been taking out protection against sharp falls in equity prices than at any point since the global financial crisis in 2008, according to a new BAML survey.
StanChart recruits from Julius Baer; Nikko AM taps BAML for strategist; Religare GAM gets new CEO; Barings appoints head of GEMs; Swift names heads of compliance and Asean.