Global investors are moving toward a "risk off" stance, taking on greater protection as the prospect of geopolitical instability grows, according to the BofA Merrill Lynch Fund Manager Survey for March.
The remainder (46%) see smaller banks capturing share through increasing differentiation. Executives are also divided as to the threat posed by non-traditional new players: while 55% believe they pose a threat to traditional banks, 31% believe they presen
Six platforms provided the data on investment company purchases, namely Transact, Nucleus, Ascentric, Raymond James Investment Services, Elevate and Novia.
Russia’s 10 richest individuals lost as much as US$6.6 billion, or 4.7% of their combined net worth, according to a Wealth-X estimate, after the country’s benchmark Micex index plunged nearly 11% last week due to escalating tensions between Ru
“Net flows were positive for the month, with subscriptions outpacing redemptions by 2 to 1,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
Expect banks to become bigger players in the wealth management space. According to a new study by Fidelity, over half of bank executives expect to grow their revenue from wealth management practices by 25 percent in the next five years.
Emerging markets have been having a rough ride recently. While advanced economies have picked up speed, emerging markets have been slowing down, posing challenges for international investors and businesses.