Bhinneka News Online: Investors scoop up billions in bonds, most since July: ICI

Thursday 28 September 2017

Investors scoop up billions in bonds, most since July: ICI

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Thursday, September 28, 2017

Investors scoop up billions in bonds, most since July: ICI

NEW YORK (Reuters) - Investors throttled up their bond exposure in the latest week, adding the most cash to U.S.-based debt funds since July as momentum for U.S. stock funds stalled, Investment Company Institute (ICI) data showed on Wednesday.

Where consumers should turn after the Equifax breach

NEW YORK (Reuters) - There is a widespread sense of fear hanging over consumers in the aftermath of the data breach at credit-monitoring firm Equifax revealed in early September that approximately 143 million consumers' personal and financial records were exposed.

For UBS, size is key to opening digital wealth vaults

ZURICH (Reuters) - UBS , the world's largest wealth manager, is convinced its new online private bank needs to get bigger. Now it needs to work out how.

Pimco Total Return Bond Fund, since Gross exit, outperforms most peers

NEW YORK (Reuters) - Three years after Bill Gross shocked the financial world by exiting Pacific Investment Management Co and ending his reign over the Pimco Total Return Bond (PTTRX) fund, investors who stuck with the bond fund have come out ahead of those at most of its rivals.

Argentina to allow advisors to invest citizens' funds overseas

(Reuters) - Argentina's securities regulator said on Wednesday it had approved a rule allowing licensed advisers to invest citizens' funds in overseas assets, a move seen as key to attracting private banks to set up shop in the South American country.

From Chinese giants to new frontiers: emerging dollar bond sales boom

LONDON (Reuters) - Frontier economies including Tajikistan and Iraq along with credit-hungry Asian firms led emerging market borrowing in the July-September quarter, as 2017 shapes up to be another record year for debt sales.

Your Money: Tips from financial advisers on making car deals

NEW YORK(Reuters) - People hate buying cars, because they think the seller will take advantage of them.

Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks

LONDON (Reuters) - Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back.

Wells Fargo hires new law firm to prepare CEO for Senate appearance

NEW YORK (Reuters) - Wells Fargo & Co. has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month to answer questions about a year-long sales practices scandal, according to four sources with knowledge of the decision.

Ackman targets retail investors in ADP proxy contest

BOSTON (Reuters) - Billionaire hedge fund manager William Ackman, whose firm has a 2 percent voting stake in Automatic Data Processing Inc , is turning up the heat in his proxy war for the human resources outsourcing company by targeting an often-ignored but influential group of people - retail investors.