STOCKBROKING companies are aggressively diversifying their revenue base from solely depending on brokerage fees in view of the current weak equity market, Ernst amp; Young senior manager for risk and business solutions Woon Mee Lin said.
HWANG-DBS Investment Management Bhd (HDBSIM), formerly known as Hwang-DBS Unit Trust Bhd (HDBSUT), is targeting to grow its assets under management (AUM) by 25% to RM2.5bil by the year#039;s end, said executive director Teng Chee Wai.
THE recent sell down in the equity market has raised the attractiveness of other financial instruments, especially those that offer stable yields over a period of time, such as real estate investment trusts (REITs).
BERJAYA Sports Toto Bhd (BToto) and British American Tobacco (Malaysia) Bhd (BAT) are Asia's top dividend payers and may attract investors as slowing global economic growth damps gains in share prices.
US blue-chip stocks nudged higher on Friday as takeover speculation drove up shares of Honeywell International Inc. But concerns over more aggressive interest-rate hikes following a strong April jobs report limited gains.
THE newly set-up Employees Provident Fund#039;s (EPF) Private Equity Division plans to focus on global equity market for its overseas investment, said deputy chief officer (investment) Dr Roslan A. Ghaffar.
The Nasdaq Stock Market Inc and a consortium of investors on Friday agreed to purchase Instinet Group Inc for US$1.88bil cash in a move that will intensify the already heated rivalry between the New York Stock Exchange and Nasdaq.