Cryptocurrency CFDs – Denise Omar

ETF Industry Threatens SMAs After Mutual Funds

admin — Sat, 10 Aug 2024 04:37:29 +0000

The growing exchange-traded fund (ETF) industry is now eyeing separately managed accounts (SMAs), having already impacted the mutual fund sector. Since 2021, mutual funds in the U.S. have seen over $1 trillion in outflows, while ETFs have gained $2 trillion. This shift has led to numerous mutual fund-to-ETF conversions, with asset managers pivoting toward the rising ETF structure. Now, the ETF industry is turning its focus on SMAs, a fast-growing segment of the $120 trillion global asset management industry.

HANetf, a London-based white-label ETF issuer, recently completed what is believed to be Europe’s first SMA-to-ETF conversion. This trend is also emerging in the U.S., with firms like Tidal Financial Group and Goldman Sachs leading similar conversions. Despite SMAs’ rapid growth, with assets in the U.S. rising from $952 billion in 2017 to $2.2 trillion at the end of last year, some managers and investors are considering the ETF option due to tax benefits and the potential for a broader client base. However, the conversion process may be slow and is expected to have a limited impact on the continued growth of SMAs.

Houston takes top spot in FT-Nikkei rankings by moving beyond oil

admin — Mon, 06 Nov 2023 04:37:23 +0000

The article from the Financial Times highlights Houston’s transformation from a city primarily associated with the oil and gas industry to a dynamic, multifaceted hub for green energy, medical technology, and aerospace. Mayor Sylvester Turner emphasizes that while Houston remains an energy town, it is diversifying rapidly, becoming an international center for various industries. Houston’s significant shift is evidenced by the establishment of numerous innovation centers, such as the Texas Medical Center and Houston Spaceport, and by attracting major investments in green energy and technology sectors.

The article also notes Texas’s broader economic success, with multiple cities in the state ranking highly in the 2023 FT-Nikkei Investing in America rankings, thanks to Texas’s pro-business environment, lack of state income tax, and relatively low cost of living. Houston’s unique business ethos, rooted in a “make it work” mentality, continues to attract businesses, leading to its emergence as a leader in energy transition and technological innovation.

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admin — Tue, 08 Aug 2023 04:37:26 +0000

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Foreign Direct Investment in California
California’s major cities have seen a decline in popularity with foreign investors due to economic uncertainty, high taxes, and restrictions on Chinese outbound investments. Los Angeles, in particular, fell 10 places in the FT-Nikkei ranking of U.S. cities for foreign businesses, now at 37th place out of 91. The number of investment projects by foreign-owned enterprises in LA hit a five-year low in 2022, with only 20 announced in the first seven months of 2023.

California, though still the world’s fifth-largest economy, saw no major cities rank in the top 20 U.S. hubs for foreign businesses. High living costs, taxes, and a demanding regulatory environment have driven some businesses to states like Texas and Florida. However, the state did see a rebound in foreign direct investment in 2022, with significant investments from Japan, the UK, France, and Canada, among others.

Impact of Chinese Investment Decline
San Francisco and San Diego also dropped in the rankings, with foreign direct investment in the Bay Area falling significantly post-COVID-19. Smaller Californian cities like Sacramento, Irvine, and Anaheim showed improvement but still rank low overall. Los Angeles, once a top destination for Chinese investment, has been hit hard by China’s capital flow restrictions and rising geopolitical tensions, leading to a 14% decline in Chinese-owned enterprises in the state since 2021.

Despite some ongoing investments, the scale has decreased, leaving LA more dependent on Japanese investment, especially as the city prepares for the 2026 FIFA World Cup and the 2028 Summer Olympics.