Investor mandates target EM, Asia as US interest slumps: bfinance

first_imgInvestors have been searching more for emerging markets and Asia-focused equity managers than they have for US equity managers in the past 12 months, according to consultancy bfinance.In the year to 1 October, 28% of all the consultant’s equity manager selection projects were for emerging markets, compared with 15% in the previous year.Asia was the most popular regional allocation, but not just the continent’s emerging economies as investors were also drawn to Japanese equity and broad Asia equity.Last year, in contrast, global equity mandates made up almost 40% of the total number of new equity mandates – now 24% – and the US was the most popular regional target, according to bfinance. Smart beta was the focus of only 10% of new mandate activity in the past 12 months, having been one of the most popular segments in the 2014-16 period.Justin Preston, senior director and head of equity at bfinance, said: “The shift in new equity manager selection patterns among bfinance clients has really been very significant, particularly the move towards emerging markets, Asia and Japan.”The consultancy said environmental, social and governance (ESG) considerations were seen as increasingly relevant for emerging market equity allocations. Integrating ESG did not have to cost extra, bfinance said.In general, emerging market managers have kept their fees steady in 2017, with few dropping their prices compared with last year, it noted. The median fee quoted for global emerging market searches in 2017 so far was 69bps, before negotiation, while the median quoted fee for ESG-specific searches was just above 70bps.Mandate size and structure made a much bigger difference to fees, said the consultancy.last_img read more

‘Pusoy’ puts five persons behind bars

first_imgILOILO City – Five persons were caught engaging in illegal gambling in Barangay New Buswang, Kalibo, Aklan. Recovered their possession were a deck of playing card and bet money which amounted to P805. 4 p.m. on May 17. They were identified them as Manuel Datu; Domingo Carillo; Rolly Bautista; Jessie Senal; and Leo Berongo, a police report showed. center_img Detained in the lockup cell of the municipal police station, the suspects face charges for violation of Presidential Decree 1602, which prescribes stiffer penalties on illegal gambling./PN The suspects were nabbed after officers of the Kalibo police chanced upon them playing pusoy aroundlast_img read more

10 months agoDONE DEAL: Coventry sign Wolves forward Bright Enobakhare

first_imgTagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your say DONE DEAL: Coventry sign Wolves forward Bright Enobakhareby Paul Vegas10 months agoSend to a friendShare the loveCoventry City have signed Wolves forward Bright Enobakhare on loan until the end of the season.The 20-year-old spent the first half of the campaign on loan with Kilmarnock, making six appearances for the Scottish Premiership club.Enobakhare joined Wolves aged 15 and has played 49 times for the club since making his senior debut in August 2015.He featured in 21 league games last season as Wolves won promotion to the Premier League. last_img read more

a month agoTodd Cantwell happy with Norwich boss Daniel Farke’s support

first_imgAbout the authorPaul VegasShare the loveHave your say Todd Cantwell happy with Norwich boss Daniel Farke’s supportby Paul Vegasa month agoSend to a friendShare the loveTodd Cantwell has thanked Norwich City boss Daniel Farke for showing faith in his abilities.The 21-year-old has a been shining light for the Canaries, having scored in Saturday’s huge win over Manchester City.”He’s shown a lot of faith in me, giving me the opportunity to play and I’m trying to show that back to him in the games that he picks me for.” Cantwell said.”I think it’s important to have that relationship with the manager off the pitch as well and I get on really well with him personally. I’m thankful for what he’s done for me.” last_img read more

BRP raises quarterly dividend reports Q4 profit down from year ago

first_imgMONTREAL – BRP Inc. raised its dividend as it reported a drop in profit for its latest quarter compared with a year ago as revenue also declined.The maker of Ski-Doo snowmobiles says it will pay a quarterly dividend of nine cents per share, up a penny from its previous quarterly payment to shareholders.The increase came as BRP reported a profit attributable to shareholders of $115.2 million or $1.12 per diluted share for the quarter ended Jan. 31.That compared with a profit of $136.6 million attributable to shareholders or $1.22 per diluted share a year earlier.On a normalized basis, BRP said it earned 96 cents per diluted share compared with $1 per share a year ago.Revenue in what was the company’s fourth quarter totalled $1.26 billion, down from nearly $1.31 billion.Companies in this story: (TSX:DOO)last_img read more

Former NFL RB Brian Westbrook To Officially Retire With

The Philadelphia Eagles announced on Tuesday that former running back Brian Westbrook will retire as a member of the team.Westbrook will hold a Wednesday morning press conference and will officially be honored at Lincoln Field prior to a game with the Washington Redskins on Dec. 23.Westbrook made sure to thank Philly fans via Twitter after the team announced the news.“Thank you everyone!” he wrote. “It was a great pleasure to be an Eagle for 8 years. I truly appreciate all of the support! Love you guys.”The versatile Villanova product becomes the third former Eagle this summer to retire with the organization, joining teammates Brian Dawkins and Tra Thomas.In eight years with the Birds, Westbrook rushed for5,995 yards and 37 touchdowns while adding 3,790 receiving yards and another 29 scores. He was a key part of the 2004-05 team that won the NFC Championship before falling to the New England Patriots in Super Bowl XXXIX.The Eagles’ third-round pick in the 2002 NFL Draft, Westbrook enjoyed his best season in 2007, rushing for a career-high 1,333 yards and seven touchdowns on 278 carries.He never eclipsed the 1,000-yard plateau again as injuries slowed him down, leading the Eagles to eventually release him on March 5, 2010.However, his place in city lore remains firm.“I will always remember Brian for the electrifying, game-changing plays he made during his great career in Philadelphia,” Eagles chairman and CEO Jeffrey Lurie said in a release. “He was one of those players you knew could score from anywhere on the field and one of the most exciting players I have ever watched. He was a great runner, receiver and returner and was certainly a fan favorite.”Westbrook was selected to two Pro Bowls (2004 and 2007) and was named First-team All-Pro in 2007.He last played in the NFL in 2010 with the San Francisco 49ers. read more