Monday morning briefing – March 11, 2019

What client on-boarding will look like in the future. The global banking sector has the most exposure to cyber risks. Private equity mandates in emerging markets raised US$90 billion in 2018. And much more in this week’s briefing. Enjoy!

Economic/industry news

International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data

The U.S. unemployment rate fell to 3.8% in February: Job creation grinds to a near-halt in February; wages still on the rise

The Canadian unemployment rate was 5.8% in February: Canada’s economy gains 55,900 jobs, beating expectations

The BoC held its central interest rate steady at 1.75%: Bank of Canada waters down rate conviction amid growth slowdown

The ECB held its central interest rate steady: ECB pushes back rate hike, announces new stimulus to revive growth

Tariffs are imposing great costs on American businesses and consumers: Evidence grows that Trump’s trade wars are hitting U.S. economy

The S&P 500 Index bottomed on March 9, 2009. Where does the market stand now?: 10 years after the market hit bottom, where are we now?

Different strategies for ethical investing: How to invest ethically

It’s time to look at the opportunities, not just the risks, from energy transition: Lessons in measuring carbon risk and opportunities in public equities

What Millennials are looking for in a financial advisory firm: Successful millennials want real advice

Why alternative investments should be included in all portfolios: Why alternative investments have a place in your portfolio

The world’s best banks: The world’s best banks: ING and Citibank lead the way

News and notes (U.S.)

JP Morgan’s “2019 Guide to Alternatives”: J.P. Morgan releases 2019 Guide to Alternatives

The market cycle of PE buyouts is quick: Downturn opportunities don’t last long in the world of PE buyouts

Hiring increasing at private capital firms: Private capital firms are beefing up their fundraising teams

How PE can benefit from the qualified opportunity fund: Private equity and the opportunity zone gold rush: Who will seize the opportunity?

PE mandates in emerging markets raised $90 billion in 2018: Private capital fundraising in emerging markets hits record levels in 2018

Interest in PE continues: Blackstone nears $20 billion for flagship buyout fund

Goldman Sachs launches ETFs tracking indices created by Motif: Goldman Sachs and Motif launch 5 ETFs focused on innovation

U.S. individual investors’ allocation to equities increased in February:Asset allocation survey: Equities rebound in February

Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: March 5 edition 

A look at target-date funds’ performance over the past 10 years: Target-date funds: The grades are in

Vanguard announces its upcoming launch of the Global ESG Select Stock Fund: Vanguard plans its first actively managed ESG mutual fund

Apex bolsters its U.S. expansion: Apex acquires Atlantic Fund Services

Coin will allow investors to invest in one or multiple causes: John Hancock startup opens impact investing to the masses   

News and notes (Canada)

IA Clarington launches liquid alternative fund: IA Clarington launches liquid alt, international equity funds

Desjardins launches two ETFs with responsible investing mandates: Desjardins launches two RI ETFs

Canadian ETFs experienced $1.3 billion in net inflows in February: In Canada, 23 ETFs launched in February

Empire Life launches tool to help plan participants track their retirement goals: Empire Life launching retirement and savings tool

IFIC and BEworks provide suggestions on how to improve client statements:How to improve CRM2 statements

Could we see a slowdown in Canadian dividend growth in 2019?: Canadian dividend growth will slow this year

On the pulse – New frontiers in fintech

The global banking sector has the most exposure to cyber risks: Banking is most exposed sector to cyber risks: Moody’s

Regulatory sandboxes are great for innovation, but there are some limitations: Sandboxes offer key to fintech innovation

Financial services firms have steps to take towards their digital transformation: Financial-services firms falling behind in tech transformation

Customer data vital to the success of digital transformation: Power of customer insights will separate digital banking winners & losers

The adoption of open banking has been limited: Open banking – build it and they will come?

How fintech is helping people meet their financial goals: The effect of fintech on wealth management

Ant Financial launches tool to help financial services firms with their digital challenges: Ant Financial launches core banking product

What client on-boarding will look like in the future: The future of client onboarding for financial institutions

Start with tech, then the financial side: Are banks customer focused?

Tech firms engaged in blockchain development projects: Big tech’s blockchain projects haven’t disrupted banks – yet

One-third of Canadians used a robo-advisor to open or fund an RRSP: Robo advisor RRSP stats a ‘wake-up call’ to firms

High-net-worth topics

The high-net-worth should increase their exposure to private placements: Cambridge Associates: HNW investors should have 40 percent in private placements

Here is where the ultra-high-net-worth live: The top 10 cities where the mega rich live

Stock market volatility hurt U.S. household wealth in the fourth quarter: U.S. household wealth slumped in fourth quarter amid stocks rout

Polls & surveys – What financials are saying

Canadian businesses may be missing an opportunity to increase revenue through global trade (RBC): Despite opportunity, Canadian businesses see barriers to global trade: RBC poll

More than half of Millennials use or are willing to try using a robo-advisor (Angus Reid): Millennials more likely to try robo-advice, says Angus Reid

Financial assets held by women expected to rise (CIBC): Canadian women to control nearly $4 trillion by 2028

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