Wednesday morning briefing – June 19, 2019

A look at the hedge fund industry in May. How investors can survive the trade wars. Use of fintech services on the rise. High-net-worth investors are looking to forests. And much more in this week’s briefing.

Economic/industry news

The U.S. inflation rate fell to 1.8% in May: US consumer prices barely rise; underlying inflation muted

How alternative investments can help retirement portfolios: The case for alternatives in retirement portfolios

Preparing for modern monetary theory: Don’t dismiss modern monetary theory, research affiliates warns

The outlook for the euro and pound given Brexit uncertainty: How is Brexit affecting currencies?

The importance of international diversification: Diversification means investing overseas too

News and notes (U.S.)

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

The Barclay Hedge Fund Index fell 1.47% in May: Hedge funds’ four-month run in the black ends in May with 1.47 per cent fall 

A look at the growth of GP stakes fundraising: GP stakes fundraising is starting to boom

Blackstone raises US$4.5 billion for its second energy fund: Blackstone raises $4.5 billion for energy fund

How investors can survive the trade wars: Trade wars and tariff-mania: An investor survival guide

BlackRock focuses on launching thematic ETFs: BlackRock looks to 5 ‘megatrends’ to expand its ETF business

Legg Mason to make its strategies available to retail investors in Mexico: Legg Mason to offer funds to Mexican retail investors

Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: June 11 edition

News and notes (Canada)

BMO launches a health care banking program: BMO launches program aimed at healthcare professionals

Evolve launches the Evolve Global Materials & Mining Enhanced Yield Index ETF: New global materials and mining ETF launched 

Canada had a net outflow of foreign investment in April: Foreign investment in Canadian securities declined in April: StatsCan 

Market value of trusteed pension assets fell 1.3% in the fourth quarter of 2018: Market value of trusteed pension assets declined in Q4 2018: StatsCan

On the pulse – New frontiers in fintech

Use of fintech services on the rise: Consumer use of fintechs for banking services skyrockets 

Uber entering the fintech space: Uber is making a fintech push with a New York hiring spree

Why traditional banks need to prioritize a digital transformation: The logic of digital change 

Use of digital wallets expected to grow by 2024: Half of world’s population to use digital wallets by 2024 

How to combat financial crime: Joining the fight against financial crime

What you need to know about Gen Z: 15 things banks & credit unions must know before targeting Gen Z 

Visa enters the cross-border, business-to-business transaction market: Visa enters the $125 trillion global money transfer market with new blockchain product

HSBC partners with Canadian firm to enhance AI use: HSBC ramps up artificial intelligence efforts with Element AI partnership 

Shoppers Drug Mart to use blockchain technology to monitor quality of medical cannabis: Shoppers to use blockchain technology to track medical cannabis quality

High-net-worth topics

The high-net-worth are investing in forests: Wealthy families are adding forests to their portfolios

Luxury watch prices are increasing: Time is money: How luxury watch collectors show off their precious investments

Polls & surveys – What financials are saying

58% of institutional investors are utilizing smart beta strategies (FTSE Russel): More than half of institutional investors using smart beta strategies: survey

The ability to express empathy is important for financial advisors (STEP Canada): Do you really know how to express empathy to clients?

There is a retirement savings gap around world (WEF): Retirees risk running out of money a decade before death

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