China and India will be two of the three largest economies in the world by 2025. But Haiyan Wang says the countries have particular forces to harness and barriers to overcome to realize their full potential.
"We are in a land of pure imagination," when it comes to US equities, says Mark Yusko. “We have been on an escalator up and will be taking an elevator down.” Investors need to look to China and other emerging markets for returns.
This work is effectively two books in one: (1) an account of the rise and internationalization of the renminbi and of its prospects for continued ascendancy over the near term and the medium term and (2) a concise description of the various vehicles for investing in Chinese assets.
Fintech is forcing official policy makers to weigh the interests of consumers and corporations, while balancing the need for innovation and protection, in rewriting government rules and operating methods, Joshua Bateman, CAIA, CFA, reports.
Risk intelligence, the importance of meditation for investment pros, and dynamical dark energy are just some of the topics covered in this week's Weekend Reads for Investors, curated by Jason Voss, CFA.
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The Securities and Exchange Commission has rejected a bitcoin exchange-traded fund from Wilshire Phoenix, saying the firm had failed to prove manipulation is avoidable in the bitcoin market. SEC member Hester Peirce dissented, saying that the SEC unfairly applies a higher standard to bitcoin products and that "no filing will meet the ever-shifting standards that this commission insists on applying to bitcoin-related products -- and only to bitcoin-related products." CoinDesk (UK) (26 Feb.)
The European Banking Federation is preparing to ask EU officials to keep politics out of banking and to ensure post-Brexit ties between the EU and the UK run smoothly. The federation is working on a document to illustrate how equivalence could "avoid fragmentation in European financial markets," spokesman Raymond Frenken says. BNN Bloomberg (Canada) (26 Feb.)
Money managers are concerned by a European Commission suggestion that a ban on bundled research and transaction payments under the revised Markets in Financial Instruments Directive be amended to exempt small and midsize businesses. "I think it would be a danger to consider exempting some parts of the market from those rules, as that will only create further unintended consequences," Federated Hermes investment manager Eoin Murray says. Pensions & Investments (free access for SmartBrief readers) (24 Feb.)
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