Regions
Commodities | 19 Feb 16
Moody’s cuts Saudi growth outlook amid ratings slide
The impact of lower oil prices has caused ratings agency Moody’s to revise down its economic outlook for Saudi Arabia, in a week which saw rival agency Standard and Poor’s announce a two-notch downgrade of the country’s sovereign ratings.
Second property-backed Chinese asset manager defaults
Xin Qi, a Chinese asset management firm backed by property projects, has defaulted on CNY1.9bn (£203m, $291m, €261m) worth of investments, affecting thousands of retail investors across mainland China.
Standard Life posts jump in offshore bond sales
Standard Life increased offshore bond assets on its wrap platform by 23% last year although operating profits from its European business, which includes the Dublin-based international bond business, declined.
Malta’s Merill launches total return income fund
Merill Sicav, a Malta-based multi-fund investment company, has launched its first sub-fund, called the Merill Total Return Income Fund, aimed at both retail and institutional investors.
Stress testing the multi-asset promise in Asia
Fund Selector Asia, IA’s sister publication, looks at the worst performing multi-asset funds during the volatility spike of the last 12 months, when the vast majority of these funds went underwater.