Main topic: South Korean Ministry selects global fund management companies for 2023
Key points:
1. Seven global fund management companies were selected through document review and on-site evaluation.
2. The goal of the global fund is to raise over $970 million by investing $48.4 million from the fund of funds.
3. The Ministry aims to facilitate overseas investment and global expansion for domestic ventures and startups through global funds.
Global stocks rise as traders anticipate the Federal Reserve's summer conference for indications on inflation control and interest rate hikes.
Global stocks rise as traders anticipate the Federal Reserve's summer conference for indications on inflation control and interest rate hikes.
A visual representation of the G20's corporate subsidies reveals that China and the US are responsible for a significant number of market distortions, with China's subsidies primarily consisting of financial grants and the US offering grants, loans, and production subsidies; the onset of the COVID-19 pandemic led to a surge in market distortions in 2020.
Global stocks are set for a third consecutive daily gain as concerns over the euro zone's business contraction and Nvidia's earnings help cool bond markets and lower long-term US bond yields.
Global stocks rise as a Chinese rebound, prompted by eased mortgage rules, boosts the country's struggling property sector. Goldman Sachs predicts more stimulus to come.
Global stocks rose on Monday, driven by signs of cooling in the US jobs market and hopes for a reduction in interest rate hikes, as well as fresh stimulus measures in China's property sector.
Investors are avoiding global stocks with significant exposure to the Chinese market due to concerns over China's property slump and its impact on the economy, causing the MSCI World Index to recover to just 2% below its July-end figure.
Weak governance and poor disclosure practices in China's corporate sector are causing international money managers to become increasingly wary of investing in the country, potentially leading to limited access to financing and higher borrowing costs for Chinese companies in the future.
Global shares rise as risk appetite increases, the yen jumps against the dollar, and signs of stabilization in the Chinese economy push up copper and oil prices.
Investors may want to gain exposure to emerging markets in 2023 due to their high growth potential, the potential for diversification and offsetting of FX impacts, China's policy shifts supporting growth, the ability to compound returns through dividends, and the potential reversal of the MSCI index.
A retreat of funds from Chinese stocks and bonds is diminishing China's global market influence and accelerating its decoupling from the rest of the world, due to economic concerns, tensions with the West, and a property market crisis.
Global fund managers are increasing their exposure to US stocks this month by a record amount, suggesting that investors who missed out on this year's unexpected rally are starting to put their cash back into the market.
