Quantum China cool on Mutual Fund Recognition
Foreign firms planning on a Hong Kong-domiciled product for the Mutual Recognition of Funds initiative will likely find limited appeal in China, said Anthony Yeung, managing partner and chief executive of Quantum China Asset Management.
China share slide will not spill over to global markets, says L&G IM
China shares fell further on Tuesday after a huge sell-off at the start of the week, but an equity strategist from Legal & General Investment said it was an “isolated event” which will not significantly impact international markets.
BlackRock slashes charges as passive price war heats up
BlackRock has slashed the charges on some of the trackers in the BlackRock Collective Investment Funds range by more than half.
United Kingdom | 28 Jul 15
UK prime minister vows to tackle offshore corruption
The UK prime minister has pledged to expose offshore organisations which use Britain as a “place to stash dirty cash” during a speech in Singapore.
Investment | 28 Jul 15
GDP rebound strengthens case for UK rate hike
UK GDP is estimated to have grown 0.7% in the second quarter the Office for National Statistics said on Tuesday, up from 0.4% reported for Q1.