By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Nigerian Stock Exchange (NSE) has reported that 16 Dealing Member Firms on its Bourse has inadequate shareholders funds as at December 31, 2013. The NSE disclosed this in its Brokers Trak report designed to help reduce contravention of market rules to its […]
Tag: Funds
Nigeria funds switch to bonds as risk appetite wanes
* Fears over central bank, elections dampen risk appetite * Central bank governor Sanusi to stand down next June * Funds switch to short-term bonds and t-bills * U.S. Fed tapering likely to hit emerging markets After a bumper year for Nigerian stocks, investors are selling riskier assets and moving […]
JPMorgan to Close More Funds
JPMorgan Asset Management, a unit of JPMorgan Chase & Co. (JPM), plans to close another 100 funds out of its existing 650 funds, according to a Financial Times report. The closure will comprise 15% of its active funds across Asia and the U.S. As part of the recent plans, JPMF […]
