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
Financial markets
The National Bank of Pakistan (NBP) has released the April 2022 rates and Net Asset Values (NAVs) for its various mutual fund schemes. The data, which was made available on April 5, 2022, includes details on the offer and redemption rates for a range of funds, including Islamic and conventional
Financial markets
The fund NAVs of various Alfalah GHP funds, including Alfalah GHP Value Fund, Alfalah GHP Islamic Stock Fund, and Alfalah GHP Income Multiplier Fund, among others, have been disclosed as of April 1, 2022. These NAVs are crucial for investors to make informed decisions regarding their investments. Key Takeaways: * Alfalah
Financial markets
BMO Global Asset Management announced the March 2022 cash distributions for BMO Exchange Traded Funds (BMO ETFs) and ETF Series units of the BMO Mutual Funds, which distribute monthly and quarterly. The distributions will be paid to unitholders of record on March 30, 2022, for ETFs and ETF Series, and
Financial markets
Pakistan's Karachi-based MCB-Arif Habib Savings and Investments Limited, a leading financial services firm, has provided an update on the net asset values (NAV) of its various mutual funds as of March 21, 2022. The NAV values, alongside the offer and redemption prices, are essential for investors to make
Financial markets
As of February 14 and 15, 2022, the National Association of Investors (NAI) has provided an update on the Net Asset Values (NAV), offer prices, and redemption prices for various funds managed by MCB Pakistan. The update includes details on the NAV and prices for 19 different funds, including equity
Financial markets
FMDQ Securities Exchange Limited has approved for listing the Emerging Africa Asset Management Limited Mutual Funds on its platform. The Mutual Funds offer a range of investment opportunities to corporate and individual investors, catering to their varying risk appetites and investment preferences. Speaking on the successful listing, the managing director
Financial markets
R. Seelaus & Co., a women-owned broker-dealer and asset management firm, and Goldman Sachs Asset Management have partnered to launch a cash management solution that supports organizations promoting gender equality. The collaboration introduces two new share class offerings within Goldman Sachs' money market funds, providing clients with a platform
Financial markets
The Securities and Exchange Commission (SEC) has proposed amendments to Form PF, a confidential reporting tool used to monitor market activity, flag systemic risks, and inform policymaking. The proposed changes would subject private equity funds to increased reporting obligations, including current reporting of significant events within one business day, a
