For firms chasing digital empowerment it’s especially important to pay attention to the first 60 days of onboarding with a new technology and tech provider.
A few weeks ago, a reader emailed to challenge what he described as our “cautionary, skeptical and net negative” stance on Bitcoin.
The surge in consumer prices that drove inflation way past central banker’s targets in recent years triggered a wave of interest-rate hikes.
This week’s bond meltdown has sent the mean 10-year borrowing cost for Group of Seven countries to its highest in more than a decade, with the average yield surging above 3%. What happens next could set the tone for financial markets and the global economy for years to come.
The Federal Reserve, the European Central Bank and the Bank of England all preside over inflation rates that have surged to quadruple their 2% targets. One of their brethren is highly skeptical of their chances of success in calming price increases.
The world’s pension funds are growing as an ageing population puts more money aside to pay for retirement. The global total has doubled in the past decade to almost $57 trillion. But the biggest pool of savings risks missing out on both diversification and returns by restricting its investments to its domestic markets.
The climate crisis has provoked a debate about whether asset managers should disinvest from the most polluting companies or use their influence as shareholders to persuade firms to curb their carbon emissions.
Asset management firms are increasingly tempted to meet their environmental obligations by withdrawing capital from companies and industries that do the most damage to the planet. But there’s a risk that the assets they offload will drift into the shadows of private ownership, where polluting practices will receive less scrutiny and therefore stand even less chance of being curbed.
Which of the following markets would you want your pension fund to have invested in this year? Would it be the one tracking the benchmark index, which has gained about 20%? Or would you prefer it to have bought the subindex that’s climbed by almost three times as much? It sounds obvious — until you dig into the detail.
There’s an old joke where a tourist asks a local how to get to a scenic landmark. “Well, I wouldn’t start from here,” the resident tells the traveler. Asset managers face a similar challenge when it comes to meeting their climate responsibilities.
Asset managers are under increasing pressure to stop investing in companies that worsen the climate emergency through heavy carbon emissions.
As the global stockpile of debt with negative yields has climbed to a record $17.4 trillion, it’s gotten very tempting to buy less creditworthy bonds to earn more income.
The failure of equity fund managers to deliver outsize returns commensurate with the fees they charge for their stock-picking services continues to be a source of ammunition for advocates of lower-cost index tracking products.