Investors should retain an overweight to European equities this year, despite a more volatile global investment backdrop, according to Frederique Carrier, head of investment strategy at RBC Wealth Management. Carrier said that despite rising tensions between the West and Russia, “we continue to suggest holding an overweight, or above-benchmark, position” in European equities. “Given the …
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JP Morgan Asset Management has expanded its range of actively-managed exchange traded funds, with a new product that offers exposure to Chinese equities. The JP Morgan AM China A Research Enhanced Index Equity (ESG) UCITS ETF is listed on the London Stock Exchange, the SIX Swiss Exchange and in Frankfurt on the Deutsche Boerse. Funds …
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Playing safe ahead of the US Federal Reserve’s policy tightening, global fund managers have shunned technology stocks, Bank of America’s Global Fund Manager Survey showed. Fund managers now have the lowest allocation towards technology stocks since 2006. Investors are eyeing the beginning of the rate hiking cycle by the US Federal Reserve and other central …
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The U.S. government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up its conflict with Ukraine, a move that analysts said might have a moderate impact near-term but could be a step toward harsher measures. The U.S. Treasury said it was prohibiting participation in the …
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Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, will divest its Russian assets following Russia’s invasion of Ukraine, the Norwegian prime minister said on Sunday. The fund’s Russian assets, consisting of shares in some 47 companies as well as government bonds, were worth 25 billion Norwegian crowns ($2.83B) at the end of 2021, down …
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