Monday morning briefing – April 15, 2019

Fintech is here and changing the way financial services firms do business. Customers want to purchase banking products and services digitally. Financial success may be harder for the next generation. The number of VC deals was down in the first quarter of 2019. And much more in this week’s briefing.

Economic/industry news

U.S. inflation rate rose to 1.9% in March: U.S. inflation vaults at highest rate in 14 mos.

The ECB held its benchmark refinancing rate steady at 0.00%: European Central Bank holds interest rates amid gloomy economic outlook

The IMF downgrades its projection of global economic growth for 2019: The global economy: A delicate moment

Why global warming should be important to investors: Curbing global warming essential to investors and planet: report

How active managers can capitalize on market inefficiencies: Does your active manager have an edge?

Oil prices have moved higher in 2019: Oil rises above US$70 on Libya turmoil

Global ETP industry reached assets of US$5.4 trillion in March: Exchange-traded products industry hits new global record of US$5.4 trillion

News and notes (U.S.)

A look at the hedge fund industry in March: State of the industry – March, 2019

Hedge funds returned 5.40% in the first quarter of 2019: Hedge fund returns YTD best since 2012, says eVestment

Institutional investors are looking to hedge funds to diversify risks: Investors keep patience with hedge funds, but seek better deals on fees

Focus on alternative investments could be beneficial for cryptocurrencies: Bitcoin, BlackRock and the rise of alternatives

Setting guidelines for general partner-led secondary fund restructurings: Your private equity fund wants to restructure. Here’s how to deal.

Number of VC deals down in the first quarter of 2019: Massive drop in VC deal count in Q1 2019

Transit and freight drew a lot of interest from VCs in the first quarter: 1Q in review: VCs are fixated on the future of moving people and things

Principal acquires Wells Fargo’s retirement unit: Wells Fargo agrees to sell retirement unit for $1.2 billion

News and notes (Canada)

Scotiabank launches the Scotiabank Alternative Mutual Fund Index: Liquid alts index launched by Scotiabank

Ninepoint launches private debt fund: Ninepoint casts its eye on US private-debt markets

A look at the best performing mutual funds over the first quarter: Top performing mutual funds of Q1

Foresters to focus on insurance: Foresters sells money manager, keeps life business

Equity issuance fell in the first quarter of 2019: Canadian equity underwriting dropped in Q1, debt ticked up

Ontario looks to make changes to financial advisor titles: Ontario to restrict use of planner and advisor titles

On the pulse – New frontiers in fintech

Fintech is here and changing the way financial services firms do business: How fintech is revolutionizing financial services

Customers want to purchase banking products and services digitally: Banks not meeting digital sales expectations

The battle between globalization and localization in fintech: Time for a global fintech platform?

Adoption of machine learning high among financial services firms, but challenges remain: Use of machine learning now pervasive across financial services industry

A look at real-time payments in the U.S. and projections for its growth: US real-time payments are headed to ubiquity. Are banks ready?

How data sharing can help your organization: How to capitalise on the power of modern data sharing

ETFs have revolutionized investing, but certain challenges and risks remain: How ETFs are the technology that is revolutionizing investing

Banks are showing an interest in Central Bank Digital Currencies: At a glance – Central Bank Digital Currency

Coinbase offers debit card using cryptocurrencies: Coinbase launches debit card in the UK

High-net-worth topics

New partnership looks to increase private equity liquidity for the high-net-worth: iCapital partners with Nasdaq to create marketplace for private funds

Shaping the next generation of high-net-worth advisors: Who will be the HNW advisors of the future?

The high-net-worth market in the U.S. is growing rapidly: US high net worth market expanding at record pace: Cerulli

Polls & surveys – What financials are saying

Financial success may be harder for the next generation (Ameriprise): Most parents expect to chip in for kids’ college, weddings: Ameriprise

Private company owners do not have a plan in place to transfer their business (PwC): Almost half of business owners fail to plan for succession: survey

Social media is helping advisors grow their business (Putnam): Almost all advisors are using social media: Survey

For financial marketing and investment commentary help, contact us at 1.844.243.1830 or