Opening Europe's coffers

Article Abstract:

The mutual fund industry is starting to grow in mainland Europe and is attracting fund managers from the US and United Kingdom. Fund managers such as Fidelity are having to compete with domestic banks, and tailor their operations to different national market conditions. The major banks in Germany have brought in fund managers from abroad, but demand from more sophisticated clients may bring greater opportunities for foreign firms who can also enter the market through independent investment advisers and direct sales.

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GITIC's empty coffers

Article Abstract:

The Chinese government has forced Guangdong International Trust and Investment Corp (GITIC) to seek bankruptcy, the largest corporate failure to have occurred in China. GITIC owes foreign investors over $1 billion. This type of corporation was set up to promote foreign investment, but there is concern that Chinese economic development could be affected by the poor quality of investments made, and the number of such companies is to be reduced.

China, Economic Programs, Administration of Economic Programs, Finance, Economic policy, Economic development, Trust companies, Guangdong International Trust and Investment Corp.

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Europe's fund phobia

Article Abstract:

European investors tend to be conservative, and to prefer bonds over stocks, putting the European mutual fund industry at somewhat of a disadvantage as most of the investments are in lower-fee bond funds. However, the industry is hoping that the growing number of pensioners will change the situation.

Investments, Europeans

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