Opportune time to up duration risk in Indian bonds, says DSP Mutual Fund’s Yadav
By Dharamraj Dhutia MUMBAI (Reuters) – India’s benchmark 10-year bond yield could fall around 50 basis points in 2024, and it is an “opportune” time to increase duration risk, Sandeep Yadav, head…
Fidelity International raises $700 million in its first China bond mutual fund
SHANGHAI/SINGAPORE (Reuters) -Fidelity International has garnered 5 billion yuan ($700 million) from investors for its first fixed income mutual fund in China, deepening the asset manager’s involvement in the $3.8 trillion mutual…
CBP, Cabo Verde sign Customs Mutual Assistance Agreement
WASHINGTON – U.S. Customs and Border Protection signed a Customs Mutual Assistance Agreement (CMAA) with Cabo Verde today during the U.S.-Cabo Verde Trade Conference in Boston, Massachusetts. CBP Deputy Executive Assistant Commissioner…
Liberty Mutual to stop offering business owner’s policy in California as costs bite
(Reuters) – Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher…
China mutual funds cut fees as regulator targets $3.7 trillion sector
SHANGHAI/SINGAPORE (Reuters) -More than a dozen major mutual fund companies in China cut fees in roughly 1,500 fund products on Monday as regulators started reforming fee practices in the $3.7 trillion industry…
U.S. asset manager Van Eck to abort mutual fund plan in China -sources
By Selena Li and Samuel Shen HONG KONG (Reuters) – American investment manager Van Eck will terminate a plan that has been in the works for over two years to establish a…
Equity mutual fund inflows fall to 21-month low in Nov on rising rates
By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds tanked nearly 76% to 22.58 billion Indian rupees ($274.49 million) in November from 93.9 billion rupees in the previous months,…
U.S. SEC to vote on proposing new liquidity, pricing rules for mutual funds
(Reuters) – The U.S. Securities and Exchange Commission on Wednesday will vote on proposing new rules aimed at better preparing the mutual fund industry for distressed market conditions, including a new pricing…
U.S. SEC to vote on proposing new liquidity, pricing rules for mutual funds
(Reuters) – The U.S. Securities and Exchange Commission on Wednesday will vote on proposing new rules aimed at better preparing the mutual fund industry for distressed market conditions, including a new pricing…
Exclusive-UBS plans to expand China footprint with new mutual fund unit – sources
By Selena Li and Samuel Shen HONG KONG/SHANGHAI – UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of the matter…
Vanguard to pay millions to mutual fund investors hit with big tax bills
By Jonathan Stempel NEW YORK – Vanguard Group, the largest mutual fund company, on Wednesday reached a $6.25 million settlement to resolve regulatory charges it failed to warn many fund investors that…
Global mutual funds investors could sell $350 billion worth equities this year -Barclays
(Reuters) – Barclays said on Wednesday global mutual funds investors could sell equities worth a further $350 billion this year, unless fears of recession diminish, due to an uncertain macro backdrop and…
China nudges mutual funds to offer pension products, stabilise markets
SHANGHAI – China’s securities regulator nudged mutual funds to develop fund products for private pensions and asked them to stabilise markets, as Chinese equities witness a downturn that has pushed benchmarks to…
Mutual of America Financial Group Names Jason D’Angelo as Executive Vice President and Deputy General Counsel
In his role, D’Angelo will be engaged with all legal issues involving Company and subsidiary operations, including pension and employee benefit products and services, corporate finance and investments, human resources and litigation…
China, U.S. should address trade issues on basis of mutual respect – Chinese foreign ministry
BEIJING – China and the United States should address trade issues on the basis of mutual respect, the Chinese foreign ministry said on Monday, as U.S. officials urged Beijing to take concrete…
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