U.S. equity funds lost $35 billion in 2009, versus $421 billion going into bond funds. There's a lot of unsophisticated money in bonds now that could flee at the first sign of trouble.
The US asset management company T Rowe Price (NASDAQ:TROW) has completed a 26-per cent stake acquisition in UTI, India's oldest and now fourth largest mutual fund company.
But T Rowe made it clear that it will not take part in the Beijing-based China Asset Management (China AMC) fire sale, though the company is very serious about its Asian expansion
The Reserve Bank of India (RBI) has allowed futures trading in three more currencies — the euro, the pound sterling and the yen – with immediate effect. This move comes nearly a year-and-a-half after trading in the Dollar-Rupee futures contracts was kick-started on recognized stock exchanges.
The global merger and acquisition scene is expected to see good momentum in 2010 as large corporate buyers as well as private equity players are likely to return to the market, a survey conducted by global consulting firm McKinsey said.
An official Chinese newspaper on Friday dismissed Washington's call to lift Internet censorship, after a top Chinese diplomat warned the Obama administration to heed alarm bells over trade, Taiwan and Tibet.
The Shanghai Stock Exchange plans to launch China's first exchange-traded fund that tracks overseas stock indexes later this year, says SSE president Zhang Yujun.
The first ETF will track the H shares of Chinese companies listed in Hong Kong, Zhang said, but the timing and size of the launch will depend on market conditions.
Broadcasting giant BSkyB has lost its challenge at the Court of Appeal over the Government's decision to force it to reduce its 17.9% stake in ITV (LON:ITV).
Sky began its legal challenge after a Competition Commission finding that the group's shareholding gave it influence over ITV's strategy in a way that restricted the market.
The European insurance industry could be on the cusp of a new wave of mergers and acquisitions activity, as some of the region’s largest financial institutions prepare to exit the business.
China Investment Corp, the country's US$300 billion sovereign wealth fund, has asked the US to ease the scrutiny of Chinese government organisms investing there, the South China Morning Post reported.