A Turkey country-specific exchange traded fund was took charge on Thursday after the Turkish Central Bank bolstered credibility among investors by executing another interest rate hike to combat the runaway inflation.
‘‘THERE IS A STRONG DISTINCTION BETWEEN BARRIERS TO ENTRY AND BARRIERS TO IMITATION.’’
~ Professor C. K. Prahalad [Professor in Corporate Strategy at Michigan Ross University]
Like most / all regulators in the Zambian economy, the Securities and Exchange Commission of Zambia [SEC] has transitioned from a defender of the market to a hired gun of the elite and powerful in the securities industry. Instead of serving the wellbeing of the local market players and citizens of the nation, which are better served through a dynamic, competitive and innovative environment the SEC now serves to protect the powerful and mostly foreign or government backed elites in the Zambian Capital Markets especially in the Fund / Asset Management industry as well as the Brokerage space.
Alibaba Group Holdings (NYSE: BABA) plunged and dragged down China country-specific exchange traded funds on Thursday as Beijing scrutinizes the e-commerce giant's monopolistic practices.
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