Monday morning briefing – September 30, 2019
People want more ESG transparency by companies. Fintech firms facing challenges finding good talent. The high-net-worth are raising cash levels. Can a passive player enter the PE space? And much more in this week’s briefing.
U.S. GDP growth confirmed at 2.0%: Second-quarter U.S. GDP left at 2%, slower economic growth seen persisting
Signs may point to an economic slowdown: Is the end of economic expansion near?
People want more ESG transparency by companies: Pressure piling on for companies to provide ESG disclosure
The trade war is the biggest threat to global economic growth: Lagarde says trade main global growth risk, recession unlikely
Why asset managers need to consider alternative investments: Asset managers must adapt to democratization of alternatives
A look at how much should be allocated to alternative investments: Here’s how much financial advisors should invest in alternatives to make a difference
Is there a future for non-transparent ETFs?: Non-transparent ETFs … a glimpse into the future?
News and notes (U.S.)
Global hedge funds experienced redemptions in August: Investors have pulled $63 billion from hedge funds this year – but these strategies are raking in cash
Many hedge funds are negotiating their management fees: Almost 39 per cent of hedge fund managers willing to negotiate management fees, says report
Can a passive player enter the PE space?: Why private equity is ripe for Vanguard-style disruption
The PE space will continue to expand: Research suggests there’s no stopping the private-equity train
Transitioning from Washington to PE: Politicians continue push into PE
Participation rate in retirement plans on the rise: Retirement Plan Sponsors report record 83% participation rate
Morningstar concerned about public availability of private investments in retirement plans: Don’t relax private investment regs for retirement funds: Morningstar
News and notes (Canada)
Fidelity launches five fixed income ETFs: Fidelity rolls out five fixed income ETFs on TSX
Evolve launches the Evolve Dividend Preferred Share Index ETF: Evolve launches preferred share ETF
Wealthsimple acquires SimpleTax: Wealthsimple expands into tax software with SimpleTax acquisition
What title regulation will mean for Ontario financial advisors: What to expect as title regulation extends to Ontario
Mutual fund and ETF assets rose in August: ETF sales eclipse mutual funds in August, IFIC reports
Canadian asset managers must innovate in a challenging environment: Asset managers must innovate: KPMG
On the pulse – New frontiers in fintech
Visa launches Visa Partner, looking to help fintech firms: Visa opens resource portal for fintechs
Banks must blend the old with the new to thrive: Where banking-fintech partnerships fall short
Developing products your consumers want most: How to build banking products consumers will love
Regtech spending to increase substantially in next five years: Regtech spending to reach $127 billion by 2024, as AI drives cost savings
HSBC introduces system to detect financial crimes: HSBC introduces industry leading financial crime detection systems
Combatting deepfakes: Can AI and blockchain be used in fight against deepfake?
Fintech firms facing challenges finding good talent: UK fintech sector faces talent shortfall
Increasing the use of blockchain: Can blockchain become more accessible?
The top 1% in Canada saw their effective tax rates decline: Tax rates down, incomes up for the 1%
The high-net-worth are raising cash levels: Wealthy families are preparing for a downturn
The high-net-worth should have a plan to handle requests for money: How wealthy people handle requests to give away their money
Polls & surveys – What financials are saying
Investors in mutual funds and ETFs are confident in these products (IFIC): IFIC survey shows strong satisfaction with advisors, fund products
Supersavers are willing to make sacrifices to save more (Principal): These 5 money habits put young workers on track for retirement
Investors interested in sustainable investing, but don’t do it (Schroder): Investors talk the talk, don’t walk the walk, on sustainability
Why people engage with a financial advisor (Merrill Lynch): Top 5 reasons clients turn to a financial advisor: Merrill