Tuesday morning briefing – August 6, 2019

Activist investors from the U.S. having an impact in Europe. IT attracting one-fifth of all U.S. private equity investment. Some thoughts on keeping data clean. And much more in this week’s briefing.

Economic/industry news

The Fed reduced its central interest rate: Fed cuts key rate, pledges to sustain expansion

Economic growth in Europe slowed in the second quarter: Euro zone second-quarter growth halves, inflation slows despite jobless at 11-year low

The Bank of Japan held its central rate steady at -0.10%: Bank of Japan commits to easing further if inflation sputters, keeps policy steady

BoE held its central bank rate steady at 0.75%: Bank of England cuts UK growth forecast

Taking a proactive approach with company management to follow ESG values: Turning a light on company behavior

Some asset classes that may help your portfolio: Assets to consider when traditional diversification fails

Fixed income ETFs should continue to see robust growth: ETF product trends to watch

Sustainable funds having a strong 2019 so far: Sustainable funds are winning at halftime, says Morningstar

News and notes (U.S.)

Hedge funds recorded a positive month in June: Hedge funds up 1.75 per cent in June

Element Capital increases performance fee: Top hedge fund sets 40% performance fee as assets hit $18bn

Activist investors from the U.S. having an impact in Europe: US activist investors’ aggressive strategies are starting to force change in Europe

Helping small businesses land even bigger government contracts: With PE backing, government contractors strive for bigger awards

IT attracting one-fifth of all U.S. PE investment: For the fifth straight year, PE’s appetite for IT continues to grow

A look at the top-performing PE fund of funds: These are the best performing funds of funds in private equity

Goldman Sachs to expand its business in South Africa: Goldman Sachs bets on South Africa’s strong economic growth

News and notes (Canada)

Emerge launches actively managed thematic ETFs: Emerge launches five ETFs

New CI fund to invest in high-interest savings accounts: CI launches high interest savings fund

Number of deals and funding of VCs fell in the first half of 2019: Canadian VC funding down in H1: Report

Canadian DB plans experience a positive return in the second quarter: Canadian DB plans post median 2.5% return for Q2

Canadian small business confidence declined in July: Small biz optimism drops in July

On the pulse – New frontiers in fintech

Digital transformation can ward off potential threats: The case for transforming banking (even when profits are strong)

A look at how financial advisors are benefiting from fintech: How advances in fintech are helping financial advisors

Why banks should be adopting AI now: Building an AI-powered financial institution

Keeping your data clean: How clean is your data?

Sorting through randomness: Facebook AI research is a game-changer

Helping small businesses with electronic payments: Mastercard and SumUp team to bolster SME offering

A look at a few fintech firms and how they are succeeding: Three global fintech innovations that created real value

Why the Fed should be looking at faster payments: Go slow on Libra. Speed up on faster payments.

Investing in drone technology: Retail investors interested in drone technology can now invest in it

High-net-worth topics

How the high-net-worth can discuss their estate planning: Heirs of HNW families in the dark on family wealth decisions

When is the best time for the high-net-worth to transfer their wealth: Dead or alive: When is the right time to transfer wealth?

The wealthy value their privacy: 10 ways the wealthy buy privacy

Polls & surveys – What financials are saying

Are those with a lower level of assets receiving financial planning information? (OSC): Many investors receive little advice for fees, survey finds

Eight out of 10 financial advisors are bullish on U.S. equities (NDR): Financial advisors remain upbeat about economy, markets

Financial advisors are getting younger (TD Ameritrade): ‘Graying trend’ in advisory industry is reversing: FA insight

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