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This highlights the crisis that is spreading in the nation’s credit markets
MUMBAI: Franklin Templeton will wind up $4.1 billion of Indian debt funds after a liquidity crisis compelled the firm to freeze investor withdrawals, underscoring persistent stress in credit markets as the coronavirus pandemic wreaks havoc on the global economy.
NEW YORK: Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, in what the Wall Street bank described as a pre-emptive move to boost liquidity at a time of coronavirus-related stress.
JAKARTA: A crisis of confidence is brewing in Indonesia’s mutual-fund industry after some asset managers created products that invested in tiny, illiquid stocks, which have plunged in value.
SHANGHAI: It’s barely six months into a broadening Sino-U.S. trade war, and the fallout has already driven China’s stock markets into the same league as debilitated emerging markets such as Turkey, Argentina and Venezuela.
SHANGHAI: Chinese investors flocked into money-market products at a rate outpacing equities and bonds last quarter, adding to what is already the biggest segment of the nation’s mutual fund industry.
WASHINGTON: US Securities and Exchange Commission (SEC) chairman Jay Clayton is working to streamline the agency’s ad hoc approach to approving new exchange-traded funds (ETFs), putting a spotlight on an issue that has vexed the regulator for a decade.
NEW YORK: Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager stretching back years, the Wall Street Journal reported on Sunday
NEW YORK: Investors wouldn’t have a way to capture value in the stock market if it were entirely held by passively managed funds, according to Jack Bogle, the founder of Vanguard Group.
SO what happens now that the Employees Provident Fund (EPF) has announced that it will kick off its fully syariah-compliant investment scheme with an initial fund size of RM100bil?