Global bond funds posted huge outflows this week, as investors anticipated that major central banks would shift the direction of their monetary policy during key policy meetings, pressured by soaring inflation levels. Investors offloaded global bond funds of $6.91B, marking their biggest weekly net selling since April 8, 2020, Refinitiv Lipper data showed. In the …
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Europe has moved to implement tougher restrictions in a bid to stop the spread of Omicron, sending equities lower triggered by investors’ “renewed nervousness”. Global equities fell 1.5% last week and are down a further 1-2% today, as Omicron continues to disrupt the economic recovery, according to Rupert Thompson, chief investment officer at UK-based wealth …
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Norway’s $1.4 trillion wealth fund has divested from Chinese pharmaceutical firm Yunnan Baiyao, saying the decision was because the company uses and sells body parts from pangolins, an endangered species. The fund also said in a statement issued late on Tuesday it had put Marfrig Global Foods, one of Brazil’s largest producers of beef, under …
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Energy funds were an investor favourite in 2021, with some of the previous year’s worst funds topping the performance tables during the past year. According to Ben Yearsley, investment director at Fairview Investing, Schroder ISF Global Energy was the top performing fund of 2021, with a return of 48.84%, followed closely by TB Guinness Global …
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TUI is planning to finance new hotels and cruise ships by setting up investment funds rather than through borrowing, its strategy director Peter Krueger was quoted by German magazine WirtschaftsWoche as saying. Reuters states that, “the world’s largest holiday company had to be propped up with billions of euros of government aid after its travel business …
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