With the Trump administration continuing to take aim at its major trading partners, institutional money managers are warning investors to anticipate more volatility in equity markets. “A full-blown trade war would be a major reversal of the trend toward globalization that has underpinned markets for decades and could have severe consequences for corporate profits, given the importance […]
The global economy is expected to grow around 3.2 per cent in 2018, in line with last year, but there will be many challenges throughout the remainder of the year, according to AllianceBernstein’s mid-year outlook. The firm noted that while signs point to increasing inflation over the long term, it doesn’t expect to see an exaggerated level […]
Connor, Clark & Lunn Financial Group Ltd. is forming Vergent Asset Management, an investment manager that will focus on frontier and emerging markets. Founded by managing partners Ali Al Nasser and Nemer Bechara, the investment team will be led by Nasser, who has 15 years of experience managing institutional capital across frontier markets. “We are pleased to […]
Tensions between China and the United States are heating up as the Trump administration proposed a 10 per cent tariff on $200 billion worth of Chinese goods last week. The U.S. is hitting China where it hurts, according to an economic insight report from Benjamin Tal, deputy chief economist of CIBC World Markets Inc., and Katherine […]
Some of the world’s major indexes are bringing Saudi Arabia’s public equities into the mix, a move that could alter the landscape for emerging market investments. As of June 2019, MSCI Inc. will include its Saudi Arabia index in the MSCI emerging markets index. The 32 securities from the country will make up a weight of approximately 2.6 per […]
The Canada Pension Plan Investment Board is expanding its partnership with Longfor Group Holdings Ltd. to launch a new investment co-operation focused on rental housing programs in China. The duo are targeting an initial investment of about $1 billion in two Chinese cities through developments, acquisition and master-lease of commercial assets that will be converted to rental housing. […]
Globally, sovereign investors have enjoyed the hefty returns stemming from almost a decade of charging equity markets, but they’re set to make major moves into alternatives going forward, according to Invesco’s latest study. The study, which surveyed 126 sovereign investors and central bank reserve managers representing $17 trillion in assets, found an average equity return of 8.7 per […]
The Public Sector Pension Investment Board is joining a consortium of investors to purchase the holding company that owns the majority share of Italian pharmaceuticals group Recordati. The consortium, which includes global private markets firm StepStone and private equity company CVC Capital Partners, is purchasing Finanziaria Industriale Mobiliare ed Immobiliare, which owns 51.8 per cent of Recordati, for a value of about […]
The Public Sector Pension Investment Board has entered into a joint venture to grow its student accommodation portfolio in London, England. The agreement, with global rental housing company Greystar Real Estate Partners and global real estate investment and asset manager Allianz Real Estate, aims to double the size of the portfolio in five years. Specifically, Allianz is acquiring […]
Globally, more than 70 per cent of public institutional investors have increased their allocations to real assets over the past three years, according to a new survey by the Official Monetary and Financial Institutions Forum and the Bank of New York Mellon Corp. The survey, which interviewed public pension and sovereign funds with almost $4.6 trillion in […]