Singapore has recently returned an estimated $16.3 million to Malaysia linked to a multibillion-dollar scandal at state fund 1MDB, Malaysia’s anti-graft agency said today (19 November).According to Reuters, “U.S. authorities say about $4.5 billion was siphoned from 1Malaysia Development Berhad (1MDB) between 2009 and 2014, in a globe-spanning theft that has implicated high-ranking officials and …
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The German fund industry is set to have a record sales year as inflows hit €167.9 billion at the end of September, according to a report by the BVI, Germany’s investment fund association. Prior to the current year, 2015 was the best year for sales with fund companies registering €186.6 billion in inflows from the beginning …
Unlocking over $23 trillion, held by the top 100 asset owners globally, is key to reaching net zero targets, according to research by the Thinking Ahead Institute (TAI). Funds Europe state that “capital held by the group grew by 15.7% last year, climbing to $23.5 trillion, and pension funds remain the single biggest group of …
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The market for sustainable funds in Germany continued to perform well in the third quarter of the year, with assets climbing to €339 billion by the end of September, accounting for 24% of total retail fund assets. Funds Europe state that “according to a recent BVI report of the market, Spezialfonds accounted for €113 billion …
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Money market funds were the best-selling asset in October, while investors sold out of global emerging market bond funds. According to Refinitiv Lipper’s European Fund Flow Report for October 2021, money market funds attracted €66.9 billion in net inflows during the month and long-term mutual funds posted €49.2 billion. The best-selling sector among long term …
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