Monday morning briefing – November 11, 2019
U.S. PE funds’ capital raising reaches record high. Businesses looking to Canada for expansion. U.S. institutional investors are turning to liquid alternative ETFs. And much more in this week’s briefing.
Economic/industry news
Canada’s unemployment rate was 5.5% in October: Canadian economy lost 1,800 jobs in October, unemployment rate steady
The BoE held rates steady at 0.75%: Sterling falls after Bank of England split on interest rate cut
Expecting weaker growth in Europe: Eurozone forecast for long period of weak economic growth
How to access private markets: Smart ways to access private capital markets
U.S. institutional investors are turning to liquid alternative ETFs: Use of liquid alternative ETFs on the rise among institutional investors: study
Why defined contribution plans can benefit from alternative investments: Fundamental reasons for adding alternatives to DC pension portfolios
A look at Morningstar’s new rating system: Morningstar rolls out new ratings system
News and notes (U.S.)
Hedge funds returned 0.4% in October, according to HFR: Hedge funds in positive territory in October, says HFR
How technology can help hedge funds manage their operating expenses: Technology can act as a growth enabler to help hedge funds cope with increased margin pressures
U.S. PE funds’ capital raising reaches record high: Private equity fundraising in the US hits all-time high
Private equity investment model shifting: The shifting nature of private equity
Fidelity launches new funds: Fidelity rolls out four thematic funds
The SEC is looking to make changes to its advertising rule: SEC issues plan to modernize RIA ad rules
News and notes (Canada)
iA announces fund and ETF launches: iA Clarington launches new fund, adds ETF versions of existing funds
CI acquires asset management firm: CI Financial acquires WisdomTree’s Canadian business
Tracking cannabis stocks: Pot indexes to launch this month
ETFs in Canada saw inflows of $3.5 billion in October: Canadian equities ETFs had a ‘stellar’ October
On the pulse – New frontiers in fintech
Improving data security measures: 3 steps banks & credit unions should take as data privacy gets hotter
How active managers can benefit from machine learning: Can machine learning help active managers outperform passive peers?
How fintech will help the “underbanked”: The ‘underbanked’ is the next trillion-dollar opportunity in fintech
Looking at what’s in store for the fintech industry: The future of fintech
Employees must also accept digital transformation: Digital transformation will flop if you don’t also transform staff
Charles Schwab is looking to eliminate forms: Schwab’s plan to kill forms and expand integrations
Selling through messaging platforms: The convergence of messaging apps and payments
Canadian banks take interest in Mylo: Canadian banks invest in spare change app Mylo
What a single digital currency could mean for the finance industry: How worldwide digital currency adoption could change the finance sector
A look at Canadians’ awareness of bitcoin: Bitcoin awareness no guarantee of ownership, finds BOC
High-net-worth topics
The high-net-worth need to protect against debt too: Why ultra-high-net-worth clients need a financial cushion
The total wealth of billionaires fell in 2018: Billionaire wealth declines in 2018
Polls & surveys – What financials are saying
Expect weaker investment returns in the future (JP Morgan): Weak global growth ahead, J.P. Morgan says
Businesses looking to Canada for expansion (HSBC): Foreign businesses eyeing Canada for expansion: report
U.S. advisors are bullish on the industry (Schwab): Advisors are (mostly) upbeat about the future: Schwab