Saturday 29th August 2015
NEWS: Friday, August 28TH: The Hong Kong Monetary Authority says it has granted a restricted banking licence to Goldman Sachs Asia Pacific Company Limited (GSAPCL) under the Banking Ordinance. GSAPCL, incorporated in Hong Kong, is a wholly-owned banking subsidiary of the Goldman Sachs Group, Inc. The number of restricted licence banks in Hong Kong is now 24 - Apple launched its first Australian dollar corporate bond issue, raising $1.2bn within two hours this morning. Strong demand for the US tech giant’s fixed and floating, four and seven year Kangaroo bonds saw the firm outstrip predictions it would raise between $500m and $1bn. Apple bonds are popular because the AA+ rated company is considered an ultra-safe investment, although yields are correspondingly low — about 3% on four-year bonds and about 3.8% on seven-year bonds - The European Securities and Markets Authority (ESMA) has published the responses received to the Joint Committee Discussion Paper on Key Information Document for PRIIPS. The responses can be downloaded from the regulator's website - Romania’s MV Petrom reportedly is planning a secondary listing on the London Stock Exchange. According to Romanian press reports, the local investment fund Fondul Proprietatea may sell a significant stake in the company via public offering on the Bucharest Stock Exchange and London Stock Exchange. OMV Petrom, with a current market capitalisation of €4.85bn has announced that it will ask its shareholders’ approval for a secondary listing in London. The general shareholders meeting is scheduled for September 22nd. Austrian group OMV, holds 51% of the company’s shares; other shareholders include the Romanian state, via the Energy Ministry, with a 20.6% stake, and investment fund Fondul Proprietatea, which holds 19%. The remaining 9.4% is free-float - Morgan Stanley (NYSE/MS) today announced the launch of a new fund, the IPM Systematic Macro UCITS Fund, under its FundLogic Alternatives plc umbrella. The fund provides exposure to IPM’s Systematic Macro strategy, which is based on IPM’s proprietary investment models that provide unique insights into how fundamental drivers interact with the dynamics of asset price returns. The FundLogic Alternatives Platform currently has more than $2.6bn in assets under management (as of 31 July 2015) and this latest addition expands Morgan Stanley’s offering of global macro strategies - Equities sold off hard this morning as continued pressure on Chinese stocks rippled throughout world markets. Chinese government intervention brought the Shanghai Composite back a positive close; but the question is now, has confidence eroded so much that the market will continue to depend on the government to prop it up? The other key element to consider today is the outcome of the debate in the German parliament on the Greek bailout. Last month, a record 65 lawmakers from the conservative camp broke ranks and refused to back negotiations on the bailout. The daily Bild estimated that up to 120 CDU and CSU members out of 311 might refuse to back the now-agreed deal. However, Chancellor Merkel is looking to secure support from the Social Democrats (SPD), Merkel's junior coalition partner, and the opposition Greens which will likely swing the final decision Greece’s way. However, a rebellion by a large number of her allies would be a blow to the highly popular Chancellor.

About FTSE Global Markets

About FTSE Global Markets http://www.ftseglobalmarkets.com/

There is clear demand for objective, independent and authoritative analysis of the global investment markets. At a time of transformative market change, the need for accurate and reliable reporting is paramount. That’s why our readers trust and use FTSE Global Markets, either in print or online, or via apps, to ensure they stay abreast of regulations, product and service innovation and systemic market trends.  

FTSE Global Markets is written for institutional investors and provides coverage of investors and the financial and specialised firms that provide services and advice to them.The editorial covers country and political risk, new regulations and investment products and services, with a focus on the effective use of market liquidity, collateral, investment assets and analysis to augment the investment strategies employed by asset gatherers and asset managers. FTSE Global Markets provides an in-depth look at market infrastructure and the key institutions that bring about market change and (hopefully) efficiencies. Each issue provides 360 degree coverage of the investment market from the front office through to the back office: from deciding on a particular asset allocation strategy, to trading, clearing and settling securities and managing and servicing existing portfolio holdings across a wide range of asset classes.  

If you are looking to maximise your marketing reach, the client solutions specialists at FTSE Global Markets will help tailor our market access to your specific requirements. You can now utilise multiple distribution and client facing solutions: from events, roundtables and webinars through to distribution in print and apps as well as weekly e-alerts, digital, online and social media-based distribution. The reach is global; the readership is senior VP and C-suite, and the content is highly rated.  This valuable combination ensures that your marketing messages and branding reaches key decision makers in both the buy side and sell side institutions that you need to reach.  

FTSE Global Markets is published eight times a year offering the best possible comment and analysis on the world’s equity, debt and alternative investment markets. In a market-place crowded by awards, league-tables, sponsored statements and advertorials there is a real demand for unprejudiced coverage. The magazine provides editorial integrity with our high editorial/advertising mix (75% editorial to a maximum 25% advertising) and a minimum page count of 64 pages and no maximum limit.  

Contact Us

As a firm, we are committed to providing our clients and readers with an optimal service. We welcome your comments and feedback. If you would like more information about our plans, editorial calendar and services please contact:

Francesca Carnevale, editorial director

Tel +44 (0)207 680 5152

francesca@berlinguer.com

Chris Maityard, publishing director

Tel +44 (0)207 680 5162

chris.maityard@berlinguer.com 

Stuart Fear, European Head of Sales

Tel +44 (0)207 680 5163

stuart.fear@berlinguer.com

 

Current Issue

Tweets by @DataLend

DataLend is a global securities finance market data provider covering 42,000+ unique securities globally with a total on-loan value of more than $1.8 trillion.

What do our tweets mean? See: http://bit.ly/18YlGjP