Mutual fund sector grew 6.2% in first half Property, global tech and China-focused investment generated best returns Investment in Thailand's mutual fund industry expanded by 6.2% year-on-year during the first half, with property funds and global technology equity funds generating the biggest returns.Net asset value of the country's mutual fund industry rose by 90 billion baht to a total of 5.3 trillion baht between January and June, with fund inflows moving into fixed-income funds to the tune of 120 billion baht, according to Morningstar Thailand. Chayanee Juengmanon, senior research analyst at Morningstar Thailand, said the combined net asset value of mutual funds, excluding exchange-traded funds, real estate investment trusts and infrastructure funds, stood at 4.2 trillion baht at the end of June, up more than 6% from year-end 2018. All types of mutual funds registered an increase in net asset value except for money market funds, which saw a 1.8% decline amid a … [Read more...] about Mutual fund sector grew 6.2% in first half
Aim money market funds
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | The Bull Market Began 10 Years Ago. Why Aren’t More People Celebrating? Advertisement Supported by Americans are still scarred by the financial crisis, and the fruits of this decade’s record-breaking rally fell mostly to the rich. ByMatt Phillips March 9, 2019 The financial system had nearly collapsed. The deepest recession in decades was devouring over 700,000 jobs a month. Roughly $13 trillion in stock market wealth, slowly rebuilt since the dot-com bust, had again been incinerated. It was March 2009. And it was one of the best times in a generation to buy stocks. A decade later, the bull market that began back then ranks among the great rallies in stock-market history. The 305 percent surge in the S&P 500 is the index’s second-best run ever. The rise has generated more than $30 … [Read more...] about The Bull Market Began 10 Years Ago. Why Aren’t More People Celebrating?
AI start up Vortexa utilises swathes of satellite and shipping data to analyse trends in energy trading which could fundamentally change an opaque industry. The company has secured $US5 million in Series A funding from VC firms Notion Capital and Mosaic Ventures Vortexa was founded by former BP and JPMorgan trading experts and their clients are the biggest energy traders in the world. London-based AI start up Vortexa has secured $US5 million in Series A funding as it looks to disrupt the traditionally opaque world of energy trading. Vortexa, founded in 2016, uses satellites and ship-tracking technology along with machine learning and AI to predict and map the movements of tankers in the $US7 trillion a year energy trading market. “It’s a shift in an opaque industry because of a space revolution which allows smaller satellites to be launched at lower cost, which wouldn’t have been possible before 2015,” Vortexa founder Fabio Kuhn, formerly head of trading … [Read more...] about A London tech start-up just got VC funding in aim to disrupt the archaic commodity trading world
By Simon Jessop and Ritvik Carvalho LONDON (Reuters) - A record number of 'socially conscious' mutual funds and exchange-traded funds were launched by asset managers last year, keen to tap growing demand from retail investors. A total of 382 such funds were launched globally during 2018 to take the total to 3,160, industry tracker Morningstar said. Collectively, they manage $1.2 trillion in assets, double the $622 billion (480 billion pounds) managed in 2009. Total flows into the funds were $39 billion, down from the prior year's $72 billion, in part as a result of weaker investor sentiment that saw global stock markets sell off on fears tighter central bank monetary policy could hit economic growth. For an interactive version of the below chart, click here https://tmsnrt.rs/2Sg7eD7. "Over 2018, you really saw ESG adopted across the industry," said Morningstar analyst Anastasia Georgiou, referring to the environmental, social and governance-related issues (ESG) that help determine … [Read more...] about ‘Socially Conscious’ mutual fund launches at record high
JPMorgan announced the 5 fintech firms joining its Financial Solutions Lab, which is aimed at helping customers who are living paycheck to paycheck. Colleen Briggs, the head of community innovation at JPMorgan, said people who are ‘financially stressed’ are less likely to accept using financial tools with no human interaction. The robot takeover in financial services is not imminent. That’s the perspective of one executive at a big bank who says some customers might be willing to trade in the efficiency of using a financial tool backed by artificial intelligence for the comfort of dealing with a real person. Colleen Briggs, the head of community innovation at JPMorgan Chase, told Business Insider in an interview that low income households aren’t as willing to use tools for managing money completely devoid of human interaction. Briggs oversees the Financial Solutions Lab, which is run by the Center for Financial Services Innovation (CFSI) and JPMorgan and … [Read more...] about A fintech executive at JPMorgan explains why AI isn’t all it’s cracked up to be when it comes to helping people manage money