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economictimes.indiatimes.com / 2 years ago
livemint.com / 2 years ago
investmentweek.co.uk / 2 years ago
afr.com / 2 years ago
Morningstar: Equity funds suffer largest monthly net outflow since September 2022
Of the top ten fund groups by assets, only BlackRock, Aviva, and HSBC saw inflows.
According to Morningstar's latest UK Fund Flows report, investors withdrew £3.7bn from equity funds and over £1bn from money market funds, while adding £838m to fixed income strategies.
Overall, June saw the largest aggregate outflow across asset classes since October 2022. Passive funds attracted £493m of new money, while £4.9bn was withdrawn from active funds.
Both sustainably and non sustainably-labelled funds suffered outflows, with the latter taking the largest hit. Sustainable funds shed £998m, while non-sustainable funds lost £3.5bn worth of assets.
European ETFs suffer 28% drop in inflows in Q2 2023
UK large cap equities featured in the top outflows again in June, with investors redeeming £817m. Also on the list of largest net outflows by category were GBP Money Market — Short Term (£853m), GBP Flexible Allocation (£586m), Global Large-Cap Growth Equity (£358m) and Sector Equity Healthcare (£314m).
The GBP Government Bond and Global Bond categories attracted the most inflows, at £928m and £442m, respectively. They were followed by Japan Large-Cap Equity (£257m), GBP Allocation 40-60% Equity (£146m) and Europe ex-Equity (£99m).
Of the top ten fund groups by assets, only BlackRock, Aviva, and HSBC saw inflows. Baillie Gifford suffered the largest net outflows at £990m, followed by Royal London (£559m) and Legal & General (£383m).
HSBC AM expands fixed income ETF share classes in bid to become top ten provider
On a fund basis, M&G Japan continued to see strong inflows (£336m). Other funds in the top ten list for largest net inflows were the abrdn UK Sustainable and Responsible Investment Equity (£377m), as well as two
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21.05 / 10:17
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
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UPS
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SpaceX
Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
21.05 / 10:17
markets
Digital
CEO
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
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21.05 / 09:47
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
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21.05 / 09:47
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‘Should I Marry a Murderer?’ has left audiences stunned but what they saw wasn’t all that bizarre
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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