- Kuwait is an emerging country for Msci, the ETFs celebrate
Kuwait will enter the MSCI Emerging Markets index in May 2020. The Kuwait stock exchange estimates incoming flows from the passive funds between 2.6 and 3 billion dollars, as happened for Saudi Arabia.
- Confidence is growing, new record for companies since July
In December 2019 Istat recorded a "more favorable" climate of confidence than last month for both companies (the index rises from 99.2 to 100.7) and for consumers (from 108.6 to 110.8 ). The consumer index "partially recovers the fall" of November, writes Istat.
- United Kingdom, GDP revised upwards in the third quarter
The growth of the British economy in the 3rd quarter was revised upwards. According to the final figures released by the statistical office ONS, the GDP is shown to grow by 0.4%. On an annual basis, GDP accelerated to 1.1%.
- Volumes resist, profitability falls
The 2019 of the consultancy networks is about to end and it has been a positive year, even if the record levels of collection reached in 2017 will not be reached. From the beginning of the year to the end of October, net inflow is close to 28 billion, in the the entire 2018 amounted to 30 billion, but now it is made up for half of the collection of asset management products which, instead, contributed only 44% last year.
- Eurozone: Manufacturing PMI deteriorates in December
The PMI manufacturing index stood at 45.9 points in December, down from 47.4 points in November. This is the lowest level of the last 86 months. The PMI service index, on the other hand, improved, rising from 51.9 to 52.4 points.
- Sustainable funds, the SEC wants to see clear
It was a record year for the Esg funds that raised $ 17.7 billion. However, the SEC has decided to put them under review, sending some managers a questionnaire to investigate their offer of Esg products. A survey that aims to ascertain whether there are actually concrete portfolio choices and that there are no greenwashing phenomena.