 | | | | China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as the long-term promise of a growing middle class trumps more immediate fears about tariffs. | | | | | | Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold. | | | | | | Morgan Stanley wants to obtain majority ownership of a joint venture in China, but regulators there have not signed off on the idea, Chief Executive Officer James Gorman said on Wednesday. | | | | | | DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is planning to launch a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized loan obligations, according to Securities and Exchange Commission filings on Wednesday. | | | | | | Investors extended their retreat from the U.S. stock market by pulling nearly $8.2 billion out of mutual funds and exchange-traded funds that hold domestic equities last week, according to data released on Wednesday by the Investment Company Institute (ICI). | | | | | | Shares in Woodford Patient Capital Trust (WPCT), Woodford Investment Management's only listed fund, fell 1.7% at the open on Wednesday after the Financial Times reported it may drop Neil Woodford as manager. | | | | | | Goldman Sachs Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump's use of tariffs as part of a political agenda can impact market activity. | | | | | | The gains in high-yield junk bonds are not over, thanks to the Federal Reserve's supportive stance on monetary policy, Margaret Patel, one of the mutual-fund industry's longest tenured and most well-known bond managers, said on Tuesday. | | | | | |
