Dubai’s benchmark index rose to the highest level in almost four months after FTSE Group categorized the United Arab Emirates as an emerging market, boosting confidence that foreign investment will increase.
Vanguard Group Inc.’s emerging markets fund managers will need to sell shares of South Korean companies after the largest U.S. mutual-fund company replaced MSCI Inc. with FTSE Group as the benchmark provider for six equity funds.
Since U.S. climate legislation failed in 2010, environmentalists and like-minded investors have begun campaigning to get investors to avoid fossil-fuel stocks. It’s worth putting the scale of that challenge in perspective.
Vanguard Group Inc. fund managers investing in emerging markets will have to sell South Korean stocks and step up purchases of Chinese and Brazilian shares after the largest U.S. mutual-fund provider switched benchmarks for its six equity funds.
Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.