Posts tagged All News
Will industry gain as govt ups duty on steel imports? (16-09-2015)
A V Rajwade: A ‘bulletproof’ balance sheet? (16-09-2015)
Copthall Mauritius buys over 5% in Indiabulls Housing Finance for Rs 1,325 crore (16-09-2015)
Copthall Mauritius Investment Ltd has acquired over 5 per cent stake in Indiabulls Housing Finance Ltd (IBHFL).
Copthall Mauritius has acquired 19,324,503 shares equivalent to 5.334 per cent in Indiabulls Housing Finance.
The acquisition of the said number of shares in the IBHFL took place on September 14, 2015, IBHL said in a filing on the BSE.
The value of the acquisition is over Rs 1,325.41 crore on the basis of IBHL’s closing price of Rs 765.05 a share on Monday (September 14).
Shares of IBHL closed down by 2.54 per cent at Rs 730.65 on BSE.
India, Brazil offer investors highest nominal yields: Report (16-09-2015)
Money funds in India and Brazil offer investors the highest nominal yields, according to a report.
The assets of money market funds (MMFs) in Brazil and India have increased significantly compared with the decline seen in Canada and Taiwan and stable asset bases of funds in South Africa and Mexico, Fitch Ratings has said.
“Money funds in Brazil and India offer investors the highest nominal yields when compared with other jurisdictions.
Nominal yields in Taiwan and Canada are near zero, more in line with the typical yield of US money funds. In Europe, even nominal yields on money funds are currently negative,” Fitch said in a report.
Assets under management (AUM) of money funds in China have surged eight fold over the past five years, pushing it past Korea to become the third-largest MMF market.
AUM of money funds in Brazil has almost tripled in the last five years and that of India has more than doubled.
In contrast, AUM in US money funds have shrunk by around 18 per cent since 2009 while Europe money funds have contracted about 3 per cent over the same time period.
The report further said money funds are less utilised in terms of broad money supply in these “second tier” jurisdictions unlike in the US where Fitch estimates that money funds account for over 20 per cent of broad money supply (M2).
Money funds represent less than 5 per cent of broad money supply in India, Canada, Korea and Taiwan.
The lower penetration rate of money funds could suggest potential for growth, it added.
AUM in money funds globally have shrunk 10 per cent over the last five years to approximately USD 4.5 trillion as of end-2014 (excluding Australia).
Korea, Mexico, Brazil, India, Taiwan, Canada and South Africa are ‘second tier’ money fund markets -large in their own right, but too small compared with the US, Europe and, increasingly China, which together account for 93 per cent of the global market.
India, Brazil offer investors highest nominal yields: Report (16-09-2015)
Money funds in India and Brazil offer investors the highest nominal yields, according to a report.
The assets of money market funds (MMFs) in Brazil and India have increased significantly compared with the decline seen in Canada and Taiwan and stable asset bases of funds in South Africa and Mexico, Fitch Ratings has said.
“Money funds in Brazil and India offer investors the highest nominal yields when compared with other jurisdictions.
Nominal yields in Taiwan and Canada are near zero, more in line with the typical yield of US money funds. In Europe, even nominal yields on money funds are currently negative,” Fitch said in a report.
Assets under management (AUM) of money funds in China have surged eight fold over the past five years, pushing it past Korea to become the third-largest MMF market.
AUM of money funds in Brazil has almost tripled in the last five years and that of India has more than doubled.
In contrast, AUM in US money funds have shrunk by around 18 per cent since 2009 while Europe money funds have contracted about 3 per cent over the same time period.
The report further said money funds are less utilised in terms of broad money supply in these “second tier” jurisdictions unlike in the US where Fitch estimates that money funds account for over 20 per cent of broad money supply (M2).
Money funds represent less than 5 per cent of broad money supply in India, Canada, Korea and Taiwan.
The lower penetration rate of money funds could suggest potential for growth, it added.
AUM in money funds globally have shrunk 10 per cent over the last five years to approximately USD 4.5 trillion as of end-2014 (excluding Australia).
Korea, Mexico, Brazil, India, Taiwan, Canada and South Africa are ‘second tier’ money fund markets -large in their own right, but too small compared with the US, Europe and, increasingly China, which together account for 93 per cent of the global market.