Tuesday 3rd March 2015
NEWS TICKER, TUESDAY, MARCH 3RD 2015: The number of Spaniards registered as unemployed fell by 13,538 people in February, a fall of 0.3%. Even so, the government acknowledges that a massive 4,512,153 people remain without work. In a press release, the Ministry for Employment says said reduction in jobless was best monthly improvement in February since 2001. Seasonally-adjusted unemployment fell by 49,653 people. The government also says 300,333 fewer unemployed people since February 2014 was: "the largest year-on-year reduction in unemployment since 1999". The total number of unemployed Spaniards this month—the fourth February with Mariano Rajoy as Prime Minister—was still higher than all of the February data points for the last four years of the Zapatero government. The number of people registered with Spain's social security system rose by 96,909 in February - Record high inflows send Japanese ETFs’ AUM higher, surpassing $160bn. The Apac region excluding Japan has also seen strong inflows, pushing the AUM mark past $78bn. Investors are still avoiding the riskiest names in the region; firms whose CDS spreads have widened the most have seen negative returns - CBOE Futures Exchange reports February average daily volume in VIX futures was 166,547 contracts, a decrease of 23% from February 2014 and a decrease of 27% from January 2015. Total volume in VIX futures for February was 3.2m contracts, down 23% from a year ago and down 31% from the previous month - The Straits Times Index (STI) ended +1.03 points higher or +0.03% to 3403.89, taking the year-to-date performance to +1.15%. The FTSE ST Mid Cap Index declined -0.39% while the FTSE ST Small Cap Index declined -1.14%. The top active stocks were SingTel (+0.47%), DBS (-1.48%), OCBC Bank (-0.86%), Noble (-3.08%) and UOB (-0.04%). The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.68%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+0.31%) and Thai Beverage (+2.14%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -3.44% with Midas Holdings’ share price gaining +1.61% and Geo Energy Resources’ share price declining -1.57%. The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (-0.29%), IS MSCI India (+0.37%), SPDR Gold Shares (+1.10%). The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.62%), CapitaCom Trust (-0.57%), CapitaMall Trust (+1.90%). The most active index warrants by value today were HSI25000MBeCW150330 (-7.69%), HSI24200MBePW150429 (-3.94%), HSI24400MBePW150330 (-7.32%). The most active stock warrants by value today were OCBC Bk MBeCW150803 (-13.56%), UOB MB eCW150701 (-1.97%), DBS MB eCW150420 (-22.61%).

Troika Dialog launches UCITS-compliant funds focused on Russia

Monday, 23 April 2012
Troika Dialog launches UCITS-compliant funds focused on Russia Troika Dialog Asset Management today announces the launch of Luxembourg based UCITS umbrella – Troika Dialog UCITS SICAV with two funds focused on Russia. The funds will offer international investors access to the Russian equity and bond markets. Each fund will be seeded with $50m. Sberbank, Russia’s largest bank, will be the key investor. The funds will be managed by the team of experienced investment professionals and will adhere to the same investment principles and follow the same investment process as the rest of the company’s investment products. http://www.ftseglobalmarkets.com/

Troika Dialog Asset Management today announces the launch of Luxembourg based UCITS umbrella – Troika Dialog UCITS SICAV with two funds focused on Russia. The funds will offer international investors access to the Russian equity and bond markets. Each fund will be seeded with $50m. Sberbank, Russia’s largest bank, will be the key investor. The funds will be managed by the team of experienced investment professionals and will adhere to the same investment principles and follow the same investment process as the rest of the company’s investment products.

The Russian Long Term Capital Appreciation Fund will invest in a diversified portfolio of Russian equities, including blue chips, mid- and small cap stocks. The fund will source  ideas from existing fund strategies, such as the flagship Dobrynia Nikitich fund (launched in 1997) and the small cap Potential fund (launched in 2005). The Russian Fixed Income Fund meanwhile will invest in a portfolio of ruble-denominated sovereign, municipal and corporate bonds with medium to long term duration and high credit quality. The fund will focus on issuers with expected improvement in credit quality and / or rating upgrades and will be similar to Troika’s flagship fixed income Ilya Muromets fund (launched in 1996).

 

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