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Licking their wounds, fund managers gear for rally in 2019

NEW YORK: With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at least 5%.

A ride on FMH, anyone?

UNDER the FundMyHome (FMH) scheme, the 20% that a buyer pays towards the house price is put into a trust in order to generate the investors’ 5% annual yield. Two banks and others fund the balance 80%. Developers get this 80% pronto.

Short position

PLASTIC packaging manufacturer Scientex Bhd this week launched a mandatory takeover of Daibochi Bhd to expand its flexible packaging business.

Short position

EFFORTS to recover stolen money from the scandal-ridden 1Malaysia Development Bhd (1MDB) have kicked on ever since Pakatan Harapan formed the new government.

Australian dollar may sink to nine-year low

SYDNEY: Australia’s dollar may drop to a nine-year low of 67 US cents as the central bank is set to become even more dovish and lean more toward cutting interest rates, according to money manager Hexavest Inc.