International funds

Hedge funds that bet on bonds prices falling were caught off guard as individual investors poured money back into junk debt funds in February.

Fund administrators will need to contend with technological change, increased client demands and new competition, according to a recent survey of management executives across the globe commissioned by FIS.

Investors pulled more than $1 billion out of U.S. ETFs that invest in emerging markets last week, leaving the ETFs in the longest losing streak since September.

Franklin Resources said fiscal first-quarter profit dropped 21 % as the selloff in emerging markets and energy stocks and bonds erodes assets.

Investors pulled more than $2.1 billion out of U.S. ETFs that invest in emerging markets last week, the most since August. China and Hong Kong led the losses.

A renewed appetite for Irish equities adds another leg to Ireland’s renaissance among international investors, seven years after the financial crash sent them running for the exit.

As the MSCI Emerging Markets Index heads for its third straight annual decline, 34 of 65 U.S. funds that track the benchmark had beaten it through last week.

Long-time Canadian asset managers including IGM Financial’s Mackenzie Investments, AGF Management and CI Financial announced plans to offer ETFs in the past month.

BlackRock is winding down a global macro hedge fund after losses and investor redemptions eroded assets.

Franklin Resources, which has more than $800 billion under management, hired Patrick O’Connor from BlackRock to head global ETFs.