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For China investors, COVID lockdowns are the clear and present danger | Hellenic Shipping News Worldwide

Prolonged lockdowns in Shanghai, as China doubles down on its zero-COVID policy, have become the predominant risk to its economy and markets, forcing money managers to cut holdings or turn defensive on stocks. Global fund managers such as Pictet Wealth Management and Principal Global Investors and China-focused managers such as MegaTrust Investment and Water Wisdom .

India ETFs Show Resilience in Face of Covid-19 Resurgence

India ETFs Show Resilience in Face of Covid-19 Resurgence May 28, 2021 India exchange traded funds have been rallying as investors look past the short-term Covid-19 crisis and consider long-term growth potential. Over the past month, the The MSCI India index has gained 10.6% so far this year, outperforming the broader emerging markets gauge, which is up 4.9%, the Wall Street Journal reports. “There is a huge cognitive dissonance between what markets are doing and what the far-more-dire reality is on the ground,” Vishnu Varathan, head of economics and strategy at Mizuho Bank, told the WSJ, adding that India’s stock indices reflected the performance of very large, well-connected, and usually financially strong companies.

Tesla-Style Rally Puts Chinese Electric-Vehicle Makers on Par With GM, Ford

Dec. 17, 2020 5:30 am ET China’s electric-vehicle makers have surged in value, boosted by bold national green-energy targets and individual investors hoping for a repeat of Tesla Inc.’s stunning performance. American depositary receipts in NIO Inc., the best known Chinese company focused solely on electric vehicles, have jumped roughly 11-fold this year, lifting its market value to nearly $70 billion as of Wednesday, according to FactSet. In Hong Kong, shares of Warren Buffett-backed BYD Co. , which produces hybrid electric- and gasoline-powered cars, as well as batteries, have more than quadrupled, valuing it at $69 billion. The meteoric rises put these companies in line with large traditional car makers, such as General Motors Co. and Ford Motor Co. , which had market values of $59 billion and $36 billion, respectively, on a fully diluted basis.

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