Monday morning briefing – March 18, 2019

Wealth management falling behind in creating a great mobile app experience for clients. Price growth in luxury real estate slowed in 2018. Global banking regulators offer guidance on exposure to cryptoassets. And much more in this week’s briefing.

Economic/industry news

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

The U.S. inflation rate was 1.5% in February: US consumer prices rise for the first time in 4 months

The Bank of Japan held its key short-term interest rate at -0.10%: BOJ keeps policy steady, cuts view on exports and output

Where’s the inflation?: Low inflation is Federal Reserve’s maddening unsolved mystery

London may remain an important financial center, even after Brexit: What does the #brexit vote mean for banking and fintech?

Strategic beta ETPs ended 2018 with $797 billion in assets: Strategic beta ETP market still expanding

Climate change also a risk to life insurers: Why life insurers are investing with ESG in mind

News and notes (U.S.)

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

The Eurekahedge Hedge Fund Index rose 0.86% in February: Hedge funds up 0.86 per cent in a calm month, says Eurekahedge

Unicorns going public: The unicorns are coming (to Wall Street)

Mutual funds participating in shareholder activism: Mutual funds start to put their mouth where their money is

Salt Financial to offer ETF that pays investor: Forget no fees. ETF breaks ground by offering to pay investors

JP Morgan to launch ETF with 0.02% expense ratio: JPMorgan planning cheapest-ever stock ETF

Charles River Development partners with Axioma to enhance its portfolio management platform: State Street ramps up competition with BlackRock’s Aladdin

News and notes (Canada)

Franklin Templeton launches liquid alternative fund: Franklin Templeton introduces alt mutual fund

Canadian annuity sales hit the highest level ever in 2018: Annuity sales hit record highs in 2018, led by buyouts: report

Wealthsimple launches Wealthsimple Trade: Wealthsimple launches zero-commission trading app

CIFSC announces new alternative-focused categories: IFSC category definitions for alternative funds

Brookfield to acquire stake in Oaktree Capital: Brookfield reaches agreement to acquire 62% of Oaktree Capital

On the pulse – New frontiers in fintech

Fintechs have an opening to help small- and medium-sized businesses: SMEs “historically ignored” by banks

The rising importance of a digital scientist: Standardising the data scientist

Looking at the impact from data control on banks and customers: Data control changes are in the air: What does it mean for banks and consumers? 

BNP Paribas launches AI assistant to help customers manage their budget: BNP Paribas Luxembourg brings a touch of Genius to mobile banking app

Fintechs need to be held to the same consumer protection standards as banks: Why are fintechs getting a regulatory pass?

Wealth management falling behind in creating a great mobile app experience for clients: J.D. Power: Wealthy clients not happy with mobile apps

Global banking regulators offer guidance on exposure to cryptoassets: Regulators set guidance for banks’ cryptoasset exposures

High-net-worth topics

Why family meetings should be considered a must for high-net-worth families: The importance of family meetings

The high-net-worth are showing an interest in gold: Fresh optimism on gold, thanks to ‘triple bubble in stocks, bonds and real estate’

Price growth in luxury real estate slowed in 2018: Wealthy investors see end to stellar returns from luxury homes

Polls & surveys – What financials are saying

Over 20% of working Americans aren’t saving money (Bankrate): Why aren’t Americans saving? They just haven’t gotten around to it, survey says

Canadians struggling with debt (FPSC and Credit Canada): One in 5 Canadians will need to liquidate an asset to pay for debt: survey

Advisors should use the same set of questions for prospective clients (Morningstar): Advisors can reduce gender bias: study

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