Emerging-market equity holdings have fallen sharply this month, with India a rare bright spot, according to the Bank of America-Merrill Lynch fund manager survey.
BNP Paribas IP poaches BlackRock exec, Credit Agricole hires from BoA-ML, Julius Baer moves to new HK office, BNY Mellon launches new business in Japan, HK SFC appoints non-executive directors.
Few were surprised by the Communist Party’s Third Plenary session in Beijing. But economists say some of the wording suggests reforms are not far off.
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.
Global investors maintain their bullish stance and ignore warnings that risk assets may be vulnerable to a correction after a seven-month rally, finds BoA Merrill’s fund manager survey.
It's too soon to predict a structural shift in allocations from fixed income to equities, says Neill Nuttall of JP Morgan AM. But opinions are divided and contrary data is stacking up.