Including: GLOBAL - State Street Confidence Index falls; FRANCE - Lehman Anti-Benchmark team becomes TOBAM; EUROPE - ETF market surged in October
The State Street Global Investor Confidence Index fell very slightly 1.4 points to 57.0 from 58.4 in October. European and Asian investors were rather more pessimistic, with confidence falling from 79.5 to 73.6 and from 87.8 to 82.3 respectively.
The company said the North American investor outlook remained essentially flat, falling only 0.1 to 49.9.
FRANCE - Lehman Anti-Benchmark team becomes TOBAM
The team of 16 Lehman Brothers Asset Management France employees responsible for the Anti-Benchmark methodology, has been reformed as an independent organisation called TOBAM, led by Yves Choueifaty in Paris
Since the team launched its flagship product in June 2006, it has seen inflows of over US$1.1bn in assets.
EUROPE - ETF market surged in October
Trading volumes of exchange traded funds (ETFs) surged in October, according to Lyxor Asset Management.
Lyxor said the total traded volume of ETFs exceeded €11bn, while net creations, or sales, hit €1.732bn The majority of new assets were placed in the major pan-European regional and single country equity benchmarks.
The company also reported increased interest from hedge funds, reflecting the difficulty in stock picking strategies.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model