Global

GLOBAL - Most institutional fund managers worldwide still want companies to use cashflow to rebuild balance sheets, including plugging pension fund deficits, rather than increasing capital spending.

GLOBAL - Asia is set to outperform global markets in the longer term - especially if the global economy strengthens, Schroders believes.

GLOBAL - Short biased managers were caught out in the face of a broad market rally, marking the fourth consecutive, negative month for the strategy.

GLOBAL - The ABN Amro Global Liquidity Fund grew by more than £700m in the first half of the year taking its total value to £2.2bn.

CROATIA - Croatia's mandatory pension funds are expected to whittle down to just four, with its smallest player expected to be squeezed out of the market.

GLOBAL - State Street is estimating it will retain 90% of Deutsche Bank's custody clients following the acquisition of its global securities services business.

ISRAEL - EuroMTS is to launch an electronic inter-dealer market for Israeli fixed income securities, based on its Telematico trading system.

GLOBAL - JP Morgan Investor Services is to provide global custodial services to the Gartmore Group's US$16bn in assets.

GLOBAL - Despite emerging market bond funds suffering their worst week of outflows this year, Asia ex-Japan equity funds have picked up US$1.3bn in inflows in the last ten weeks, according to a report from EmergingPortfolio.com.

GLOBAL - Janus International has hired Ilex Lam as institutional sales director for the Asia Pacific region ex Japan.