Latest news with #AberdeenInvestments
Bloomberg
14-07-2025
- Business
- Bloomberg
Lloyds, Aberdeen Tie Up With Crypto Bourse Archax for FX Trading
Lloyds Banking Group Plc and fund manager Aberdeen Investments have partnered with crypto exchange Archax to enable foreign-exchange contracts to be collateralized using digital assets, in a bid to drive down costs for trading rooms. The tie-up allows FX trades between Aberdeen and Lloyds using blockchain technology, which enables tokenized real world assets to be used as collateral. Under the initiative, digital tokens, backed by UK gilts as well as units of Aberdeen Investment's money market fund, have been issued, transferred, and held by UK-based Archax, according to a statement on Monday.
South China Morning Post
07-07-2025
- Business
- South China Morning Post
Aberdeen, BlackRock make case for US assets on tax cuts, earnings power
US assets will remain a key allocation for global money managers like Aberdeen Investments and BlackRock even as investors seek portfolio diversification by loading up on defensive sectors in Europe, China and Japan amid tariff and inflation challenges, strategists said. Tax incentives handed out by the US government could drive corporate earnings to another level, particularly among smaller companies. Tech companies have also stepped up hiring talent to overcome challenges from China in the global race for leadership in artificial intelligence, they added. The US House of Representatives passed the One Big Beautiful Bill on July 3, and it was headed to President Donald Trump for sign-off. The legislation provides substantial tax cuts and slashes several social safety-net programmes, helping the S&P 500 hit a record high this week. 'The profitability of listed companies in the [US] market is still good,' said Zhang Dongyue, Asia-Pacific head of multi-asset and investment solutions specialists at Aberdeen. 'Although the market has fluctuated greatly this year, some industries including consumer goods, medical care, energy, and recently technology have recovered.' 03:02 US House passes Trump's bill, sending it to White House for president to sign US House passes Trump's bill, sending it to White House for president to sign He also cautioned investors not to bet against the US dollar despite its recent weakness. The S&P 500 handed investors 6.8 per cent returns this year en route its record on July 3, according to Bloomberg data, while global stocks gained 10.2 per cent. This year, the US dollar has lost 10.6 per cent against its major peers, according to the DXY Index, as investors trimmed dollar-based assets. The S&P 500 rose 5.3 per cent during Trump's first presidential term.
Yahoo
30-06-2025
- Business
- Yahoo
Investors piled out of U.S. bond funds in Q2, but long-term Treasuries may soon get relief
While bond funds make up a small portion of the $28 trillion Treasury market, recent outflows show investors have become increasingly hesitant about long-term U.S. debt. Fixed-income experts told Fortune they're optimistic, however, about how loosening capital requirements can help major lenders act as a stabilizing force. A soaring national debt has added plenty of jitters to a Treasury market already reeling from tariff chaos, but there are signs that relief is coming to long-dated fixed income. For now, however, investors have piled out of long-term U.S. bond funds at the fastest rate since the early days of the COVID-19 pandemic, according to calculations from the Financial Times. Net outflows from funds with government and corporate debt totaled nearly $11 billion in the second quarter, the FT found using EPFR data, a stark contrast from average net inflows of roughly $20 billion over the past 12 quarters. While such funds make up a small portion of the $28 trillion Treasury market, the exodus shows investors have become increasingly hesitant about long-term U.S. debt, said Miguel Laranjeiro, investment director for municipal debt at Aberdeen Investments. 'Usually, that's because of fiscal policy rather than monetary policy, especially on the long end,' he told Fortune. Still, he's optimistic about what proposed regulatory changes could do for the market. Other fixed-income experts, meanwhile, warned not to look too far into the data, which can be volatile based on the timing of redemptions by various institutional investors. 'Near-term fund flows tell us very little other than validating near-term investor sentiment,' Bill Merz, head of capital markets research at U.S. Bank Asset Management, said in a statement to Fortune. There's no doubt the mood among fixed-income traders has been rocky, though. The yield on the 30-year Treasury, which rises as the market price of the bond declines, climbed above 5.1% in late May, hitting its highest level since the spring of 2007. Concerns about America's fiscal outlook have been front and center as Republicans work to pass President Donald Trump's 'big, beautiful' tax-and-spending bill, which the nonpartisan Congressional Budget Office estimates will add $2.8 trillion to federal deficits over the next decade. The pending legislation proved the final straw for Moody's, which in May became the last of the three major credit agencies to downgrade the U.S. from its top rung of borrowers. Goldman Sachs, meanwhile, partially validated the White House's claim that higher tariff revenue and economic growth from tax cuts would slash the debt. But its path remains unsustainable, economists from the investment bank said, as America's debt-to-GDP ratio approaches its post-World War II high. Long-term rates have been on a largely slow and steady decline this past month, however. Recent inflation readings have come in relatively cool, perhaps convincing investors they don't need as much compensation for the risk of surging prices eating into their returns. But yields rose slightly Friday afternoon after the Commerce Department reported the Fed's preferred inflation metric ticked higher last month as concerns remain about how tariffs will fuel price growth. And stocks got a brief shock when Trump said he had suspended trade talks with Canada. Recent volatility has JoAnne Bianco, senior investment strategist at BondBloxx Investment Management, advising clients to avoid long-dated government debt, like 20- and 30-year Treasuries, all together. 'You're not seeing the long end—the ultra-long end—work as the safe haven that it might have in the past,' she told Fortune. Currently, insurance companies and pension funds, who have obligations to pay investors over long periods of time, are among the few 'natural investors' in these types of securities, Laranjeiro said. That may change, however, after the Federal Reserve moved this week to boost bank participation in the Treasury market by loosening capital requirements for major lenders. Industry leaders like JPMorgan Chase CEO Jamie Dimon have argued current restrictions, instituted to prevent a repeat of the Global Financial Crisis, are overly onerous and prevent banks from providing liquidity during times of market stress. Such changes would not be without precedent, as the Fed also exempted Treasuries and bank reserves from the calculation of so-called supplementary leverage ratio—which curbs the amount of borrowed funds lenders can use to make investments—during the pandemic. Laranjeiro thinks it's a prudent move that can make government borrowing less dependent on foreign investors, whose holdings of U.S. debt are declining as a share of the overall market. Thomas Urano, co-chief investment officer at Sage Advisory, agreed that boosting domestic demand for U.S. debt could offset concerns about the market's ability to absorb increased issuance from the Treasury. 'I think that's what the bond market and the investor community [are] kind of pinning their hopes on,' he told Fortune. And if this change can help make fixed income boring again, investors might come crawling back. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
22-06-2025
- Business
- The Star
Clarity, selectivity and patience urged
THE global investment outlook is anything but straightforward, with economic policy shifts, political turbulence, rising geopolitical tensions and trade uncertainty all jostling for attention. Yet for those willing to dig deeper, fresh opportunities are emerging – provided investors tread carefully. At Aberdeen Investments, chief investment officer Peter Branner and chief economist Paul Diggle are urging investors to keep their heads and sharpen their focus. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
The Star
14-06-2025
- Business
- The Star
The sky's the limit for TM
Telekom Malaysia Bhd (TM) is stepping into a golden era. With Malaysia's data demands skyrocketing, the company's vast fibre network and strategic investments are positioning it as a key enabler of the country's – and the region's – digital transformation. It's no wonder that Aberdeen Investments has singled out TM as a standout in its emerging markets income equity strategy. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
