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Dow Jones Indexes’ Golden Crossover US Large-Cap Total Stock Market Index’s equity allocation is set to gradually decrease over the next five days to 25% from 100%, with the difference moving to the cash-index component, short-term US T-Bills.
The index’s quantitative and rules-based algorithm has signalled the start of a downward-trending market condition. The indication, called a “Dead Cross”, occurs when a market’s 50-day moving average crosses below its 200-day moving average.
The Dow Jones Golden Crossover US Large-Cap Total Stock Market Index applies the “Moving Average Crossover System” to US large-cap equity securities. Based on a risk-based methodology,
The Isle of Man’s Department of Economic Development (DED) has announced a radical shake-up of Financial Services that will mean a more collaborative approach with industry and the creation of a new Public Private Sector promotional model allowing the sharing of resource and funding between all parties.
Working closely together the Chamber of Commerce and Government intends to create a new hybrid body to lead the development of the financial services sectors on the Island. The Government and private sector alliance will ensure that the sector can more effectively use the combined talents and resources of both industry and the
Seventy-eight per cent of all retail advisors are presently using alternative investments within client portfolios. According to a new report released this week by Cogent Research, the primary reasons that advisors are using alternatives are to further diversify portfolios (83%), manage risk (80%), or to achieve absolute returns (54%).
By contrast, far fewer advisors report using alternatives in an effort to deliver returns above a benchmark (20%) or for tax management purposes (19%). These and other findings are included in the 2011 Advisor Brandscape, an annual report based on a nationally representative survey of 1,643 retail investment advisors. A
Andrew Morris (pictured), managing director of Signature, a trading name of Rowan Dartington, on the current state of the markets and levels of company debt…
Due to a combination of the Jackson Hole gathering and hurricane Irene, all eyes have again been on the United States. The country appears to be holding its breath for the feared economic slowdown. With both Bernanke and Obama caught in a financial straightjacket with little or no wriggle room, there was almost an air of resignation hanging over the nation.
However, here’s something to cheer everyone up. Constituents of the FTSE 350, ex the financial
In the first half of the year, ALTIN – the USD270m multi-strategy fund of hedge funds listed in the London and Swiss stock exchanges – was able to protect its investors’ portfolios, according to the firm’s performance figures for the first six-months of 2011.
ALTIN has significantly outperformed the HFRI FoF Composite and MSCI World Hedged indices since its launch, with an annualised performance of +7.18% compared to +5.49% for the HFRI FoF Composite index and +2.98% for the MSCI World Index.
ALTIN holds one of the world’s longest track records as an exchange-listed fund of hedge funds. It listed
By Anthony O’Driscoll – Apex Fund Services opened in Malta in June 2008 and the business has grown in tandem with the development of the jurisdiction as a European fund services hub. Malta’s attractiveness to international asset managers has increased particularly over the past two years with a shift in emphasis toward creating onshore funds that mirror alternative investment strategies previously mostly offered through vehicles domiciled in offshore jurisdictions such as the Cayman Islands and Bermuda.
While Malta is in competition with established European fund centres such as Luxembourg and Dublin, it has the great advantage of significantly lower costs.
By Simon Gray – Malta’s efforts to put itself on the map as a fund domicile and servicing centre within the European Union have been an undoubted success. Although fund numbers and aggregate assets are still low by comparison with its main competitors within the EU, Luxembourg and Ireland, over the past three years the Mediterranean island nation has forced itself to the attention of managers and promoters examining whether investor attitudes and the new global regulatory environment make it advisable to base at least part of their fund range onshore in Europe.
Over the next few years, the authorities
By George Gregory – Malta’s appeal as a European financial services jurisdiction has been demonstrated over the past few years not only by choice of the island as a fund domicile but also by the number of fund management companies set up in the jurisdiction providing services to both locally-established and foreign funds. That trend can only be further encouraged by Malta’s new tax regime, unveiled earlier this year, aimed at highly qualified expatriates.
The new regime, applicable to income earned from the beginning of 2010, introduces a 15 per cent flat tax rate on employment income derived in Malta
The political upheavals in North Africa in the first half of 2011, including the destructive civil war in Libya, have disrupted efforts to develop fund investment in the region, but over the long term industry members believe that Malta’s longstanding links with its Mediterranean neighbours can help it carve out a specialist niche as a centre both for investment in the region and for the establishment of funds by promoters based throughout the Middle East.
“We have seen more interest from the Middle East, particularly in Ucits but also in the alternatives space, since the financial crisis,” says Fenech &
India was the first country in Asia to raise rates to moderate the domestic effects of commodity inflation and the global economic recovery. Now that inflation has stabilized, India now looks to be first country to stop raising its policy rates, which should be positive for equities.
This call will review the general macro situation in India and evaluate what this means for equities. On a micro-level we will review the recent trends in inflation, production, consumption, as well as corporate earnings growth. On the macro side we will discuss larger issues like the fact that India is not an
