Trends - asset management - Business Recorder

asset management

NITL distributes dividend of over Rs4.77bn for FY22

KARACHI: The National Investment Trust Limited (NITL) has declared its annual results for its funds under management...

Published 07 Jul, 2022 07:36am

World

HSBC clients query bank on climate, one to review engagement

HONG KONG/LONDON: HSBC is facing queries from customers about its commitment to fight climate change after a senior...

Published 31 May, 2022 05:11am

Pakistan

NITL Funds now available at Hysab Kytab

KARACHI: Pakistan’s first asset management company NITL has signed up with Hysab Kytab to provide end...

Published 25 Apr, 2022 06:45am

Business & Finance

Swedish central bank chief says Riksbank law draft raises risk to economy

Ingves told reporters that the proposed new law, which if it passes parliament would come into force in 2023, would only allow the Riksbank to buy assets that were not government bonds under "extraordinary circumstances", leaving a grey area in terms of when it could act.

Published 31 May, 2021 07:00pm

Business & Finance

HSBC under fire over health impact of coal investments

LONDON: Bank giant HSBC risks dangerous health fallout from investments in companies who plan to build new coal ...

Published 13 May, 2021 03:10am

Business & Finance

Intesa's Eurizon buys BAPR's individual portfolio management business

Through its Milan-based brokerage arm, BAPR managed assets worth 430 million euros ($518 million) as of end-December, of which around 170 million euros were individual portfolios for the bank's customers, a joint statement said.
Eurizon said the transaction strengthened its position in the asset management sector, in line with targets set under Intesa's strategic plan through 2021.

Published 03 May, 2021 07:49pm

Markets

Global shares steady as investors await US inflation data

Euro STOXX 600 up 0.2%.
Investors watch for US inflation due at 1230 GMT.
Bitcoin hits new record.
Export-heavy German shares gain 0.2%.
China imports rise at fastest pace in 4 years.

Published 13 Apr, 2021 05:21pm

Business & Finance

BMO to sell EMEA asset management unit for $870mn to focus on North America

Canada's fourth-largest lender will take a C$745 million write-down of goodwill after tax in the second quarter of fiscal 2021 as a result of the transaction, which is expected to close in the fourth quarter of calendar 2021, BMO said.
Concentrating on the North American market, and Canada in particular, is the right strategic decision.

Published 12 Apr, 2021 08:59pm

Business & Finance

Santander's asset management arm to launch trade finance fund

The fund - aimed at institutional and accredited investors - will primarily buy assets created by the banking group's trade finance business in transactions with its large corporate clients, the sources said.
The recent collapse of British supply chain finance company Greensill, however, has raised investor concerns on some of the risks involved and in some cases, the sector's lack of transparency.

Published 08 Apr, 2021 08:10pm

Business & Finance

Credit Suisse winds down $10 billion Greensill-linked funds

The fund boards have now decided to terminate the funds. Credit Suisse Asset Management's priority is to ensure a balance between a timely liquidation of the funds and maximizing value for the investors.
Credit Suisse said the funds had experienced "reduced availability of insurance coverage for new investments", but declined to say if existing investments were protected.

Published 05 Mar, 2021 06:07pm

Business & Finance

Credit Suisse suspends supply chain finance funds

In a note to investors, Credit Suisse Asset Management said that "a certain part of the subfunds' assets is currently subject to considerable uncertainties with respect to their accurate valuation".
Greensill, into which the SoftBank Vision Fund, part of Japan's Softbank Group, has invested around $1.5 billion in recent years, was not immediately available for comment.

Published 01 Mar, 2021 08:18pm

Business & Finance

Wells Fargo sells asset management arm to private equity firms for $2.1bn

The sale represents the biggest shake-up at the US bank since former Bank of New York Mellon top boss Charles Scharf joined as chief executive officer in 2019.
Wells Fargo will own a 9.9% stake in the asset management unit and will continue as a client and distribution partner, the bank said.

Published 23 Feb, 2021 06:17pm

Business & Finance

Standard Life Aberdeen to close Indonesian asset management business

The decision to exit the Indonesian market is part of the firm's broader plan to reconfigure our global operations around our growth strategy.
The UK asset manager entered the Indonesian market in 2014, when it bought an 80% stake in a local company.

Updated 28 Jan, 2021 08:17pm

Markets

Allianz gets approval to set up insurance asset management firm in China

It also comes as China has fully opened up its giant financial sector, and is stepping up efforts to attract foreign investment amid tensions with the United States.
Allianz will set up the new entity through its China unit, Allianz (China) Insurance Holdings Co, which also owns a 51% stake in Allianz' Chinese life insurance venture.

Published 28 Jan, 2021 07:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 19	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

Markets →

Budget 2024-25: income tax calculator for FY25

asset management

Most Popular