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.
Hong Kong's exchange has confirmed the postponement of the Shanghai-Hong Kong trading link, with no future launch date specified. Some are linking the delay to the pro-democracy protests.
The US bank has hired a batch of senior traders and sales traders from rivals, notably Credit Suisse, in a drive to integrate execution for long-only and hedge fund investors.
The Chinese banking regulator has proposed a scheme whereby banks will offer 'asset management plans' instead of wealth management products, which have sparked concerns.
Despite the broad exodus from emerging market debt, offshore renminbi bonds have attracted flows and are expected to continue to benefit from renewed investor interest.
Despite being extremely bearish on emerging-market equities generally, fund managers are keen on selected Asian markets and the major developed markets.
The US Federal Reserve's exit from quantitative easing won’t spark emerging-market panic, as monetary tightening once did in 1994, believe investors, economists and analysts.