Morningstar Financial News

Total assets within the funds has also surged, partly as a result of the product development, to around 30% in the past 18 months, now at $534bn.

By Patturaja Murugaboopathy

BlackRock Inc. and other money managers spent years rolling out sustainable funds, seeking to capitalize on surging interest in ESG investing. Now they’re abandoning an increasing number of those products in the U.S. amid political backlash and investor scrutiny.

Fundsmith has just two strategies, the Fundsmith Equity fund and the Fundsmith Sustainable Investment fund, and they follow the same investment philosophy and process.

Fixed income funds had their tenth positive month in terms of flows bringing in €1.7bn, although August's figures are down sharply compared to previous period.

Not a great week for Ord Minnett boss Karl Morris to be offshore.

Over 200 people are expected to lose their jobs at Amsterdam-based Sustainalytics, the company announced.

Association of Mutual Funds in India (Amfi) showed. Apart from inflow, the asset base of Gold ETFs and investors' account or folio numbers increased in the period under review. According to data, gold-linked ETFs have seen an inflow of Rs 1,028 crore in August. This came following an inflow of Rs 456 crore in the segment in July.

Greece’s economy has received a substantial vote of confidence from Moody’s ratings agency, which has upgraded the Greek credit rating by two notches

equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. In the coming days, FPIs are likely to press sale as the market is at record highs and valuations are high, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. «With high bond yields in the US (the 10-year is at 4.28 per cent) and the dollar index above 105, FPIs are likely to sell more,» he added. According to the data with the depositories, Foreign Portfolio Investors (FPIs) pulled out a net sum of Rs 4,768 crore from the equities so far this month (till September 15).

A forthcoming ETF suite is aiming at the crossroads of two investing trends currently having their moments: single-stock products and covered-call strategies.

(Reuters) — Direxion is rolling out two new exchange-traded funds (ETFs) tied to the price movement in shares of Nvidia Corp (NASDAQ:NVDA), the financial products provider said on Wednesday, seeking to capitalize on excitement over developments in artificial intelligence that helped boost stocks this year.

Net inflows into open-ended equity mutual fund (MF) schemes jumped to a five-month high in August at Rs 20,161 crore. This was almost thrice the figure recorded in the previous month, showed data released by the Association of Mutual Funds in India (Amfi) on Monday. In July, net inflows stood at Rs 7,505 crore. Smallcaps continued to attract robust inflows at more than Rs 4,200 crore, while the midcap, large & midcap and multicap categories witnessed higher inflows month-on-month. Flexi-cap funds saw a reversal in the trend, raking in Rs 2,192 crore in inflows, compared with an outflow of Rs 932 crore last month.

Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off plan and possibility of discord at the top. New group CEO Eddie Wu will concurrently become acting CEO and chairman of a unit grappling with weak sales growth ahead of an initial public offering (IPO) penned for next year. «We have mixed thoughts on this news,» said Morningstar analyst Chelsey Tam in a client note. «We think this latest change was not planned back in June and there are concerns of disagreements among Alibaba's partners.» In June, Alibaba said Zhang would relinquish his group CEO role to focus on the cloud unit, the firm's number two money spinner. The Cloud Intelligence Group, valued at $41 billion to $60 billion earlier this year, is among five units Alibaba is spinning off as part of the biggest restructuring of its 24-year history. Alibaba said it will continue with its plan to spin off the cloud unit under a yet-to-be-appointed management team.

Nippon India Small Cap fund is nearing a double century. The figure does not represent its return, but the number of stocks in its portfolio. Yet, it is carrying its size with elan.

DBRS Morningstar ratings agency has upgraded Greece’s credit rating to investment grade

There are two kinds of risk that investors should understand when building a portfolio: risk tolerance and risk capacity.

WeWork says it will renegotiate nearly all of its leases, an announcement coming just weeks after the workspace-sharing provder sounded the alarm on its future ability to stay in business

An ETF shop known for shorting Jim Cramer’s and Cathie Wood’s stock picks is preparing to bet against a different category: ESG.

(Reuters) — U.S.-listed shares of Enbridge (NYSE:ENB) Inc tumbled nearly 7% in premarket trading on Wednesday after the Canadian pipeline operator announced a surprise $14 billion bid to buy three utilities from Dominion Energy (NYSE:D).

Qantas chief executive Alan Joyce will depart the airline on Wednesday, bringing forward his retirement by two months amid a firestorm engulfing the company over allegations of illegal ticket sales and undue influence over government.