Including: JAPAN/SINGAPORE - Daiwa examines shariah ETF; UK - Myners' fourth report on shareholder voting; UK -Threadneedle plans UK 130/30 launch
JAPAN/SINGAPORE – Daiwa examines shariah ETF
Daiwa Securities has carried out a feasibility study about listing a Japanese equities-based exchange traded fund (ETF), screened according to shariah principles on the Singapore stock exchange.
Other financial institutions, such as Société Générale and Nomura, are also reported to be considering launching Japanese products based on shariah principles.
UK – Myners’ fourth report on shareholder voting
Paul Myners’ fourth report to the Shareholder Voting Working Group (SVWG) has highlighted that while much work is being put into determining how particular shares should be voted, not enough effort is being made to ensure the voting process itself works properly.
In one case, 5% of the votes of 25 institutional investors at a FTSE -100 company’s 2006 annual general meeting were “lost” due to a flawed process.
UK – Threadneedle plans UK 130/30 launch
Threadneedle Investments plans to launch a US equities 130/30 product for the UK market in the fourth quarter of 2007.
The fund will be managed by Stephen Moore, a US equities manager who has been with Threadneedle since 2002.
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).