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Chinese equities make up 31% of the MSCI Emerging Market index (.MIEF00000PUS), a popular stock index that many funds track and benchmark their performances against. Fund research firm Morningstar tracks nine new emerging market ex-China equity mutual funds and exchange-traded funds (ETFs) that were created this year, matching the number of launches in total over the previous two years. If Aubrey was to remove China from its emerging market strategy, the Indian market would take a significant portion, while the rest will be spread around other countries including Vietnam, Brazil and Mexico, he said. OUTFLOWSAndrew McCaffery, Fidelity International's global chief investment officer, said they have received increased requests from clients for emerging markets excluding China strategies, although the purpose was to “break China out as an allocation separately within global portfolios”. “The challenge is that they (global investors) are not going to be quick to add back in,” he said.

☆ Southeast Asia internet economy forecast cut on economic headwinds
▼ + stars: | 2022-10-27 | by ( Chen Lin | ) www.reuters.com time to read: +3 min

REUTERS/Pascal Rossignol/File PhotoSINGAPORE, Oct 27 (Reuters) - Southeast Asia's internet economy is expected to be worth $330 billion by 2025, though this a downgrade from a previous forecast due to economic uncertainty and more pressure on tech companies to make a profit, an industry report said on Thursday. "Amidst global macroeconomic headwinds, reduced disposable income, sky-rocketing prices, and lower product availability, there is tapering of demand from Southeast Asia consumers," the trio said in a joint release. The region of 11 countries is one of the world's fastest growing internet markets, due to a young population, widespread smartphone usage and urbanisation, and a growing middle class. All six countries are expected to post double-digit growth between now and 2025, with Vietnam having the fastest growing digital economy this year at 28%. "Universally investors generally expect deal activity to recover from 2024 onwards," said Fock Wai Hoong, Deputy Head of Technology & Consumer and Southeast Asia at Temasek.

☆ Asia shares jump as investors anticipate smaller interest rate rises
▼ + stars: | 2022-10-27 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 1.59% higher and set for third straight session of gains. China's stock market (.SSEC) opened 0.1% higher on Friday, with Hong Kong's Hang Seng Index (.HIS) up 2.6% at the open. U.S. Treasury yields fell, helped by a weaker dollar and the expectations of the Fed becoming less hawkish. The slide in dollar has also helped push gold prices higher, with spot gold scaling a two-week high on Wednesday. Oil prices continued to rise in early Asian trade on Thursday after surging more than 3% in the previous session.

☆ Saudi Arabia Tells West to Fix Its Energy Problems With More Investment
▼ + stars: | 2022-10-26 | by ( Summer Said | Michael Amon | ) www.wsj.com time to read: 1 min

RIYADH, Saudi Arabia—As the West looks to Saudi Arabia for higher oil production amid elevated prices, the kingdom’s officials used an international investment conference here to send a message: Do more to solve energy problems on your own. Amid a diplomatic spat with the U.S. over oil-production levels, the kingdom took advantage of the opportunity of having the ear of thousands of global investors, government officials and business leaders to deliver the view from Riyadh.

☆ Asian shares rise on hopes of rate hike slowdown
▼ + stars: | 2022-10-26 | by ( Ankur Banerjee | Deena Beasley | ) www.reuters.com time to read: +4 min

Meanwhile, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 1%, led by a bounce in Hong Kong, while Japan's Nikkei (.N225) rose 1.1% by mid-morning. Three-year Australian government bond futures were knocked from peaks but managed to hold steady for the day at 96.400. Japanese government bonds rallied sharply after the Bank of Japan again said it would increase bond buying operations. Brent crude futures for December dropped $1.17, or 1.3%, to $92.35 a barrel at 0111 GMT, after climbing 26 cents in the previous session. U.S. West Texas Intermediate (WTI) crude futures for December delivery were down 88 cents, or 1%, to $84.44 a barrel.

☆ Investors avoiding China stocks face less pain in bearish year for markets
▼ + stars: | 2022-10-26 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +2 min

LONDON, Oct 26 (Reuters) - Emerging market investors who avoided Chinese shares this year have seen less pain than those with portfolios exposed to the gamut of EM stocks, a trend exacerbated by this week's selloff. The iShares Emerging Markets excluding China ETF (EMXC.O) has fallen by 25% so far this year, its worst performance since its inception in 2017. But it has still beaten the 30% decline in the iShares MSCI Emerging Markets ETF , which includes Chinese equities, in this time, according to Refinitiv data. Foreign investors sold a net 17.9 billion yuan ($2.5 billion) of Chinese onshore shares via Stock Connect on Monday, the biggest outflow since the scheme was launched in 2014. Investors bought a net 2.8 billion yuan ($390 million) of Chinese onshore shares on Tuesday.

RIYADH, Saudi Arabia—Wall Street executives, European bankers and Asian business leaders are arriving here Tuesday for the Saudi kingdom’s flagship investment conference, in a sign that a diplomatic spat with the U.S. isn’t turning off global investors from a petrostate with a roaring economy and growing geopolitical power. JPMorgan Chase & Co. Chief Executive Jamie Dimon and David Solomon , head of Goldman Sachs Group Inc., are high-profile speakers at the conference, known colloquially as Davos in the Desert and officially as Future Investment Initiative. CEOs of the world’s biggest investment firms have also come, including Blackstone Inc.’s Stephen Schwarzman .

☆ Delayed, not denied
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

Markets have welcomed Sunak's appointment, with sterling creeping towards a one-month high and gilts rallying on the news. Register now for FREE unlimited access to Reuters.com RegisterMeanwhile, the did-they-or-didn't-they question around yen intervention continues. The beaten-down currency traded at 148.81 per dollar following two consecutive days of suspected Bank of Japan intervention straddling the weekend. Japanese Finance Minister Shunichi Suzuki insists the two policy objectives - monetary easing to get wage growth up and intervention to defend the yen - are not contradictory. ($1 = 0.8853 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Ankur Banerjee; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

☆ European markets advance as investors watch earnings, monetary policy
▼ + stars: | 2022-10-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

European markets nudged higher on Tuesday as global investors assessed the outlook for monetary policy from the U.S. Federal Reserve and digested a swathe of corporate earnings. The pan-European Stoxx 600 climbed 0.4% in early trade, with tech stocks adding 1.4% to lead gains as most sectors and major bourses entered positive territory. Among the major companies reporting quarterly earnings on Tuesday were HSBC , UBS , Novartis , Randstad , Air Liquide , SAP and Covestro. Shares in Europe closed higher on Monday after the announcement that Rishi Sunak would replace Liz Truss as U.K. prime minister. U.S. stock futures were flat in early premarket trade on Tuesday ahead of a big few days of earnings from the world's largest tech companies.

☆ Walmart to raise up to $3 billion for Flipkart - Mint
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Walmart Inc (WMT.N)-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals, the Mint reported on Tuesday, citing two people with direct knowledge of the matter. Flipkart is currently valued at over $40 billion and may dilute around 7% for raising as much as $3 billion, the Mint report said. Last year, Flipkart raised $3.6 billion in a funding round, giving it a valuation of $37.6 billion. Flipkart and Walmart did not immediately respond to Reuters requests for comment. In April, Reuters reported that Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60 billion to $70 billion and plans a U.S. listing in 2023 instead of this year.

China's strategy aims to win over "swing" countries to score United Nations votes, the diplomat said on Tuesday. Washington said it had taken note of the congress and stressed the importance of keeping open lines of communication. Like many up-and-comers, he is a former subordinate from Xi's days as party chief of the eastern province of Zhejiang. Other pro-reform policymakers excluded from the party's new central committee were outgoing economic czar Liu He, 70, and central bank party chief Guo Shuqing, 66. Also among the newcomers is Ding Xuexiang, who was Xi's chief of staff and named to the new Standing Committee.

☆ Morning Bid: Delayed, not denied
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

☆ Hedge funds see $26 bln in net outflows in Q3 - HFR
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, Oct 20 (Reuters) - Global investors redeemed $26 billion from hedge funds in the third quarter, in the second consecutive quarter of net asset outflows, industry data provider HFR said on Thursday. In the year, investors pulled out $33.7 billion from hedge funds worldwide, HFR showed, as poor performance has spooked pension funds, endowments and family offices. The HFRI fund-weighted composite index is down 6.66% this year through September, as portfolio managers struggle to navigate highly volatile markets. Assets in the hedge fund industry fell almost $220 billion since the end of 2021, to $3.7 trillion, hit by poor performance and redemptions. Register now for FREE unlimited access to Reuters.com RegisterReporting by Carolina Mandl, in New YorkOur Standards: The Thomson Reuters Trust Principles.

☆ Massive fiscal U-turn leaves UK in political funk
▼ + stars: | 2022-10-17 | by ( Pierre Briancon | ) www.reuters.com time to read: +4 min

By the tax year ending in April 2027 this should help the government claw back 32 billion pounds of the 45 billion pounds a year Kwarteng and Truss had planned. Beyond that, the scheme, which the government had estimated might cost some 60 billion pounds over six months, will become less generous. The pound strengthened against the U.S. dollar while yields on 10-year UK government bonds declined by nearly 45 basis points. But they remain at 12-year highs, suggesting that the UK has much to do to regain credibility with global investors. Government spending cuts will also be required to narrow a hole in public finances that the Sunday Times reported was as big as 72 billion pounds ($81 billion).

☆ Global equity, bond funds see outflows for eighth successive week
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Oct 14 (Reuters) - Global equity and bond funds faced outflows for the eighth time in a row in the week ended Oct. 12, Refinitiv Lipper data showed, undermined by worries over a recession as global interest rates surged further. According to the data, investors dumped $7.3 billion worth global equity funds and $14.27 billion worth bond funds. The equity outflows were focused on European equity funds, which witnessed net sales worth $7 billion, while U.S. equity funds had outflows of $2 billion. Register now for FREE unlimited access to Reuters.com RegisterGlobal fund outflowsAmong bond funds, European funds again led with outflows worth $8.8 billion, while U.S. bond funds had an outgo of $4.9 billion. EM flowsAmong commodity funds, precious metal funds had a small inflow of $83.2 million, while energy and industrial metal funds witnessed outflows.

JPMorgan & Chase (JPM.N), Citigroup, Deutsche Bank (DBKGn.DE) and BNY Mellon act as depositary banks for most Russian depositary receipt programs, according to Clearstream. In statements to clients, some banks cited difficulties verifying there are enough shares to execute cancellations of depositary receipts. For example, BNY Mellon cited such a difficulty with Global Depositary Receipts in Russian gas company Novatek. While depositary receipts are under custody of global banks, the shares they represent are parked in Russia. Investors are meanwhile discussing ways online to meet the Russian requirements and how to pay fees to Russian banks.

☆ Morning Bid: Confusion reigns
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +4 min

Then BoE chief Andrew Bailey said late Tuesday: "You've got three days left now. You've got to get this done" - even as the Financial Times reported the central bank might extend the support. The tension built with Britain's economy looking set to go into recession as data showed it unexpectedly shrank in August. "The worst is yet to come, and for many people, 2023 will feel like a recession," said IMF chief economist Pierre-Olivier Gourinchas. * G20 finance ministers and central bankers meet at annual IMF/World Bank meeting in Washington* Bank of England Financial Policy Committee publishes summary of latest meeting.

☆ Britain's bond market turmoil
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +3 min

The country's financial markets have been in turmoil since finance minister Kwasi Kwarteng last month unveiled tax cuts with no details of how they would be paid for. * The Bank of England has been forced into emergency bond-buying to stem a sharp sell-off in Britain's 2.1 trillion pound ($2.3 trillion) government bond market that threatens to wreak havoc in the pension industry and increase recession risks. * The BoE interventions have highlighted a growing segment of Britain's pensions sector - liability-driven investment. MAJOR PLAYERS* BoE governor Bailey said on Tuesday on the sidelines of an IMF meeting in Washington that BoE support for the pension funds would end as planned on Friday. MARKET REACTION* The 20- and 30-year UK government bond yields both hit their highest since 2002 at 5.195% and 5.1% respectively, passing above 5% for the first time since the BoE began buying bonds on Sept. 28 to calm the turmoil.

☆ More investors are betting on India. But not all of it is worth the hype, according to analysts
▼ + stars: | 2022-10-11 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

But for the moment, I can understand why India is an attractive market for a lot of foreign institutional investors." Indian Prime Minister Narendra Modi has plans to make India a $5 trillion economy by 2024-25. While downgraded, India's growth forecast still cuts higher than others in the Asia-Pacific. Modi has plans to make India a $5 trillion economy by 2024-25, while Adani said at a recent Forbes conference in Singapore that India will go from a $3 trillion economy to a $30 trillion one in the next 25 years. Adani said at a recent Forbes conference in Singapore that India will go from a $3 trillion economy to a $30 trillion one by 2050.

REUTERS/Dado Ruvic/IllustrationLONDON, Sept 28 (Reuters) - Borrowing costs for UK firms are soaring, with sterling corporate bond prices headed for their biggest monthly fall since the 1990s as fallout from the British government's "mini-Budget" grows. That, according to Vanguard credit portfolio manager Sarang Kulkarni, in turn helped ease conditions slightly in the investment grade bond market. Yields and bond prices move inversely. The sterling corporate bond market, much smaller and less liquid than the equivalent euro or U.S. dollar markets, is driven largely by moves in UK gilts, which have slid in value in recent days. He said that liquidity in the corporate sterling market - not great at the best of times - was looking "almost non-existent" right now.

☆ How the United States is exporting inflation to other countries
▼ + stars: | 2022-09-28 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

Central banks in Switzerland, the United Kingdom, Norway, Indonesia, South Africa, Taiwan, Nigeria and the Philippines followed the Fed in boosting rates over the past week. This dynamic — in which the Fed essentially exports inflation — adds pressure on local central banks. (The Bank of Japan has remained an outlier among major central banks and has resisted hiking rates despite an uptick in inflation.) Nigeria’s central bank hiked rates to 15.5% on Tuesday, much higher than economists had expected. That means the dollar could yet climb further, and other central banks won’t be able to relax.

☆ Really believe in the UK as somewhere to place our money, strategist says
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReally believe in the UK as somewhere to place our money, strategist saysSeema Shah, global market strategist at Principal Global Investors, examines how to play the U.K. market as the government grapples with the worst cost of living crisis in decades.

☆ Don't bet that the bottom is in for what were high-growth tech stocks, private equity investors say
▼ + stars: | 2022-09-28 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

But the washout may not have reached its end game yet, according to two top private equity investors. Investors need to be able to model long-term growth rates and profitability, and that could take a while, he added. Both private equity leaders see consolidation among tech companies as a precondition to going public in the future. There were too many companies in many of the new tech niches where investors backed public offerings in recent years, Ford says. "Make the right investment decisions to fund long-term growth," he said.

"We are really a government in waiting and we have a chance to set out our ideas for the country. Labour is positioning itself as the party of fiscal responsibility and say it stands for "sound money". Almost half of voters say that Labour has not produced a clear set of policy ideas, according to polling from Savanta ComRes. In the most recent poll, Labour now has a six-point lead. But Curtis said the Conservatives still lead on the crucial question about who is best placed to make voters and the country wealthier.

☆ Morning Bid: Eye of the storm
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Shannon Stapleton TPX IMAGES OF THE DAYA look at the day ahead in U.S. and global markets from Mike Dolan. As Hurricane Ian raged and set its sights on Cuba and Florida, a global financial storm in bond and currency markets calmed moderately - though likely only temporarily. read moreRegister now for FREE unlimited access to Reuters.com RegisterFor all its potential destruction, Ian doesn't yet appear on the world markets radar. UK debt auctions this week will be watched very closely. But this may be the eye of the storm.

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