IMF gains RQFII approval; India's unit-linked insurance plans set for revamp; GPIF seeks alts strategy consultants; NPS bullish on foreign equities; Poba seeks JVs for real estate investing, and more.
The Monetary Authority of Singapore is the first central bank to assign renminbi assets as foreign reserves. Other central banks are tipped to follow suit and boost their RMB investments.
The International Monetary Fund’s designation of the renminbi as a reserve currency will not affect MSCI's decision on including China A-shares in its global emerging-markets index.
The International Monetary Fund's designation of the renminbi as a global reserve currency is expected to have a gradual, but major impact on investment portfolios.
The PBoC's surprise 1.9% devaluation of the renminbi has left a hole in bond fund managers’ portfolios. Economists and managers say the coming week will be crucial in seeing what was behind the move.
The renminbi has a good chance of being included in the IMF's basket of international currencies this year, a senior Standard Chartered strategist says. It follows the IMF's proposal to delay a possible inclusion.