w/c 10 October
By Adam Cadle
MSCI Inc. has announced the launch of a new tradable index, the MSCI EM 50 Index. The index will serve as the basis for numerous index-linked investment vehicles, providing investors with new ways to gain exposure to Emerging Markets. It also applies eligibility screens to exclude some of the smallest emerging markets countries and uses depositary receipts for markets that are less accessible to foreign investors.
The Investment Company Institute (ICI) has announced the launch of ICI Global, a new trade organisation to focus on regulatory, market and other issues for global investment funds, their managers and investors. ICI Global members will include regulated U.S. and non-U.S. based funds publicly offered to investors in jurisdictions worldwide.
Bosera Asset Management has announced the launch of the Bosera Renminbi (RMB) Income Fund. It is the first RMB fund managed by a Chinese fund management group that is open to international investors. The fund will invest in a diversified portfolio of investment grade RMB demoninated bonds. The fund is targeting a total return in excess of 5%.
Societe Generale Securities Services has consolidated and developed its System for Management of Issue-Linked Events (SMILE) to provide enhanced middle office services to investment banks and issuers worldwide. It also allows SGSS’ teams to provide an issue-linked proposal within three hours of a request for proposal. SMILE includes a database containing information on the issue of securities and enables the tracking of interest payment rates.
State Street Corporation has announced that it crossed the US $10trn mark in client assets serviced by the firm’s investment analytics team. In addition, enhancements have been added to its risk and analytics offering including new functionality for online and UCITS reporting and attribution dashboards.
Investment management house, Artemis, has launched a new European fund. The Artemis European Opportunities Fund’s aim is to provide investors with long term capital growth by investing in European equities. Its benchmark will be the FTSE European ex UK (TR) Index.
Other stories you may find of interest:
EC chooses Hewitt to carry out pan-European pension fund study
The European Commission has selected Hewitt Associates to conduct a feasibility study and advise on the establishment of a pan-European pension fund for researchers
Sophie Baker
The Universities Superannuation Scheme (USS) has chosen UBS Global Asset Management - Fund Services to provide hedge fund of funds administration services
EC's OTC Derivatives consultation met largely with praise from industry
The Investment Management Association (IMA) has welcomed the European Commission's consultation of OTC Derivatives, which aims to improve market infrastructure and to ensure an efficient, safe and robust derivatives market
