https://tinyurl.com/y6bm6no9 Publication Date : 05/09/19 Source : ESMA Key Takeaways A new stress simulation framework devised by ESMA has been applied to over 6000 UCITS Bond Funds. The framework was designed to simulate a pure redemption shock. Results show that generally many funds are able to handle such a shock. However, more importantly their testing…
Details
Closet trackers, also known as closet indexing or index hugging, refers to the practice of fund managers claiming to manage portfolios actively when in reality the fund stays close to a benchmark. The issues around ‘closet trackers’ form part of a broader issue on the effectiveness of investor disclosure and the legitimate expectations of investors in respect of the service provided by some asset managers.
Details
Following 4 years of consultations and several minor revisions, the Monetary Authority of Singapore (MAS) under the Securities and Futures (Short Selling) Regulations 2018, is finally due to implement rules requiring investors to report their short positions and short sell orders in securities listed on the Singapore Exchange (SGX). The new rules will enter into…
Details