Members include CalPERS, CalSTRS, Goldman Sachs
The Canada Pension Plan Investment Board, McKinsey & Co., BlackRock Inc., Tata Sons Ltd. and the Dow Chemical Co. have launched an independent not-for-profit organization focused on encouraging long-term approaches in investment decision-making and business. The new organization, FCLT Global, grew out of an effort called Focusing Capital on the Long Term. More than 15 […]
Consensus still holds that the Chinese economy will grow about 7.5% this year and next, but risks to economic activity are the downside as China’s new leadership seeks to restructure the economy. Investors can expect increased policy-induced (from financial sector reform) volatility in Chinese equities. In addition, prospective strains in the Chinese financial system risk spilling over into the real economy.
Japan as Number One: Lessons for America, scholar Ezra Vogel’s bestselling book that appeared in 1979, may seem anachronistic now, but global investors should not dismiss the possibility that “Abenomics” will lead to a gradual restructuring of the Japanese economy and a transformation as profound as the Reagan and Thatcher revolutions. Such a development could lead to a sustained rally in Japanese equities, but it is too soon to know whether Abenomics will deliver on its promise.
State Street Global Advisors (SSgA) has completed its acquisition of Bank of Ireland Asset Management (BIAM) for approximately €57 million, including an estimated €14 million in net assets. BIAM assets under management were approximately €26bn at the end of last year. The acquisition will see 120 BIAM employees join SSgA in Dublin. The new operation, […]
State Street Global Advisors (SSgA) has announced that it will no longer use several Ireland-domiciled bond funds for securities lending, a move it says is in the best interests of its shareholders. The Ireland-domiciled UCITS portfolios that are now closed to lending include: the SSgA World Broad Investment Grade Index; World Government Bond Index; EMU […]
Other World Views this week:| MON | TUE | WED | THU | FRI | State Street Global Advisors has launched a U.S. Community Investing Index strategy that seeks to match the returns and characteristics of the U.S. Community Investing Index. The strategy is to buy and hold securities with the aim to minimize turnover […]
Other World Views this week:| MON | TUE | WED | THU | FRI | State Street has expanded its relationship with the U.K.’s Pension Protection Fund (PPF) to include risk services for its £2 billion (C$3.7 billion) in assets. State Street was appointed in 2005 to provide global custody, fund accounting, and other services […]
State Street has been appointed by ING Direct Canada to provide investment services and investment management for three new Streetwise funds. State Street Global Advisors will manage four investment strategies in each of the Streetwise funds on a sub-advisory basis while State Street itself will provide custody, accounting, and fund reporting for the Streetwise funds […]
State Street Global Alliance has acquired a minority interest in Montreal-based Sectoral Asset Management for an undisclosed amount. Sectoral specializes in managing global equity portfolios in the worldwide healthcare and pharmaceutical/biotechnology sectors. In addition to separately managed institutional accounts, Sectoral manages healthcare mutual funds on behalf of U.S. and global clients. “We are excited to […]