Financial markets
Asian markets showed mixed results, with many stocks registering gains, while the Shanghai Stock Exchange and Indian Sensex benchmark declined. The markets were influenced by the impact of aggressive interest rate hikes by central banks, fears of recession, and high inflation. The Federal Reserve Chair's statement on continued
Financial markets
Research published in Research in International Business and Finance reveals significant changes in the lead-lag structure of jumps among Chinese stock indexes and futures market before and after the COVID-19 outbreak. According to the study conducted by Xihua University researchers, the dynamics of lead-lag relationships were affected by the pandemic,
Financial markets
MCB Pakistan Stock Market Fund and MCB Pakistan Sovereign Fund had Net Asset Values (NAVs) of 95.2425 and 57.56, respectively, as of May 6, 2022. The offer price for these funds was 98.4712 and 58.54, respectively. Other funds such as Pakistan Income Fund, MCB DCF Income
Financial markets
The AWT Money Market Fund has been allocated a low risk profile by The Pakistan Credit Rating Agency Limited (PACRA). As of December 2021, the fund had invested around 13.8% in bank placements rated 'AA' and above, with the majority of its investments, around 84%, in T-Bills.
Financial markets
Global stock markets experienced a significant sell-off following the Federal Reserve's announcement of a 0.5% interest rate hike, the largest in 22 years, as investors worry about the impact on economic growth and potential recession. In Asia, major share indexes in Hong Kong, mainland China, and Australia
Financial markets
The Federal Reserve has taken drastic measures to combat the fastest inflation in 40 years, lifting its benchmark interest rate to its highest level in 22 years. Economists and financial markets worry that this move could lead to recession or even stagflation, a scenario in which inflation and economic growth
Financial markets
MCB-Arif Habib Savings and Investments Limited, a leading financial services provider in Pakistan, has released an update on its various mutual funds for the month of April 2022. The update provides key takeaways on the Net Asset Values (NAV), offer prices, and redemption prices for each fund. The update covers
Financial markets
Karachi's National Bank of Pakistan's (NBP) fund management arm has released its latest performance update for the month of April 2022. The data provided reveals the net asset values (NAVs) and yields for various Shariah-compliant funds, including NBP Islamic Savings Fund, NBP Islamic Mahana Amdani Fund,
Financial markets
The mutual fund industry in Europe has experienced a substantial decline due to the COVID-19 pandemic. According to the report "Europe Mutual Fund Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)", the net assets of UCITS (Undertakings For Collective Investment in Transferrable Securities) and AIFs
Financial markets
The Atlas Islamic Money Market Fund reflects a low-risk profile, with a strong credit quality rooted in its asset composition. At the end of December 2021, the fund had allocated approximately 60% of its net assets to a bank rated 'AA', while 13% was invested in Islamic Commercial
Financial markets
As the Securities and Exchange Commission (SEC) contemplates reforms to strengthen the transparency and resiliency of money market funds, the American Bankers Association (ABA) has issued a warning that any significant changes could have far-reaching consequences for bank fiduciary and non-fiduciary accounts. The proposed reforms, aimed at addressing volatility in
Financial markets
The Federal Reserve's balance sheet "runoff" occurs when newly issued Treasury securities are purchased by various entities, including banks, money market funds (MMFs), levered nonbank financial institutions (NBFIs), and households. A recent post by the Liberty Street Economics team described the mechanics of the runoff when
