Latest news with #investmentfunds
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Funds Promising Shelter From Wild Swings Are Booming. But Do They Deliver?
Americans have poured money into funds promising shelter from the stock market's wild swings. They don't always work as expected. Assets under management for so-called equity hedged exchange-traded and mutual funds tracked by Morningstar have surged to $56 billion this year, roughly double the figure just five years ago. More than two dozen have launched since the start of 2024.
Arabian Business
23-05-2025
- Business
- Arabian Business
UAE announces tax exemption; Expected holiday dates; Dubai real estate cryptocurrency buying tips; visa application centre opened – 10 things you missed this week
The UAE has revealed new tax guidelines, industrial investment plans and visa and transport projects this week. At the same time real estate analysts have focussed on cryptocurrency and proptech developments in Dubai, with major announcements and buying tips hitting the headlines. Catch up on 10 of the biggest stories this week, as selected by Arabian Business editors. UAE announces tax exemption The UAE has announced an exemption on Corporate Tax for certain foreign entities. The Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. (55) of 2025 on Exempting Certain Persons from Corporate Tax for the purposes of Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. The decision expands the scope of the corporate tax exemption to include foreign entities that are wholly owned by certain exempted entities, such as government entities, government-controlled entities, qualifying investment funds, and public pension or social security funds. Dubai to slash journey times on major road with new bridge The new bridge will serve residential communities in Nad Al Sheba and provide direct connection for inbound traffic from Dubai–Al Ain Road towards Al Ain. With a design capacity of 2,600 vehicles per hour, the bridge reduces travel time from Dubai–Al Ain Road to Nad Al Sheba by 83 per cent, cutting the journey from six minutes to just one. UAE holidays 2025: Will residents get a long weekend ahead of Islamic New Year? If confirmed by UAE authorities, the public holiday would align with the country's Saturday–Sunday weekend, potentially offering a three-day break from June 27 to 29. As with all Hijri calendar-based holidays, the official date depends on the moon sighting and will be confirmed closer to the time. Dubai launches $1.2bn PropTech Hub to power future real estate Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of The Executive Council of Dubai, and Chairman of the Higher Committee for Future Technology and Digital Economy, chaired a meeting of the Committee and issued directives to launch The Dubai PropTech Hub. The move seeks to fast-track the expansion of the PropTech market in the emirate, aiming to more than double its value to surpass AED4.5bn ($1.2bn) over the next five years. Abu Dhabi announces car manufacturing plans as it eyes $27bn automotive plan and 7,000 skilled jobs The Abu Dhabi Investment Office (ADIO) announced the launch of a major economic programme targeting the establishment of an end-to-end automotive ecosystem. Backed by multi-billion-dirham investments from global industry leaders, the programme aims to transform Abu Dhabi into the region's foremost hub for smart automotive manufacturing and assembly, R&D, restoration, auctions and luxury automobiles. Announced during the Make it in the Emirates Forum 2025 (MIITE), the automotive programme is projected to contribute AED100bn ($27.2bn) to Abu Dhabi's GDP by 2045, attract more than AED8bn ($2.2bn) in FDI and create 7,000 high-skilled jobs. Umm Al Quwain an 'investment hotspot' in UAE, say real estate experts The northern emirate, known for its 23 km of coastline and natural landscapes, is experiencing increased investor interest as neighbouring property markets reach maturity and price points that exclude many buyers. In an exclusive interview with Arabian Business, Andrew Cummings, Head of Residential Agency at Savills Middle East, attributes the growth to a broader trend of investment focus shifting to the northern emirates. Off-plan real estate sales in Dubai have already reached $24.5bn this year as high returns and easy finance lure investors Off-plan Dubai real estate sales have already reached AED90bn ($24.5bn) so far this year, according to W Capital data. The findings, based on data from the Dubai Land Department, indicated that the Dubai real estate market witnessed 40,500 off-plan property transactions between January and May 15, 2025. The AED90bn ($24.5bn) total, making 38 per cent of total market sales. Ready-built properties, which recorded AED147.4bn ($40.1bn), accounted for 62 per cent of sales during the same period. According to the data, off-plan transactions included 36,359 residential units and 4,141 buildings. World's largest visa application opens in Dubai with 10,000-per-day capacity The world's largest visa application facility has opened in Dubai and is capable of handling 10,000 visa applications a day. VFS Global launched its flagship Visa Application Centre in Wafi City, marking the opening of the largest visa application facility in the world. At nearly 150,000sq ft, the centre is equipped to handle up to 10,000 visa applications daily, a capacity that stands as the highest for any single location, and is supported by a skilled and diverse team of over 400 trained professionals from more than 25 nationalities. The pros and cons of buying Dubai real estate with cryptocurrency With the UAE's proactive approach to blockchain and digital asset regulation, Dubai is now one of the few cities in the world where cryptocurrency can be used to legally and securely purchase residential and commercial real estate. As more developers and buyers embrace crypto payments, the conversation is shifting from 'Is this possible?' to 'What are the risks and rewards?' – whether you're a seasoned crypto investor or a newcomer to Dubai's property market. Emirates NBD gets RBI go-ahead to set up wholly owned subsidiary in India Setting up a wholly owned unit will allow Emirates NBD to be treated on par with local banks. A statement by the RBI on Monday said: 'Emirates NBD Bank is currently carrying on banking business in India in branch mode through its branches located in Chennai, Gurugram and Mumbai. The in-principle approval has been granted to the bank for setting up a WOS through the conversion of its existing branches in India. The RBI would consider granting a licence for commencement of banking business in WOS mode under Section 22 (1) of the Banking Regulation Act, 1949 to Emirates NBD Bank PJSC, on being satisfied that the bank has complied with the requisite conditions laid down by the RBI.'
Associated Press
23-05-2025
- Business
- Associated Press
BetaNXT Acquires Delta Data, Provider of Streamlined Investment Fund Solutions for Distributors, Asset Managers and Transfer Agents
Acquisition Strengthens BetaNXT's Ability to Further Simplify Complex Investment Fund Operations While Increasing Transparency and Reducing Risk NEW YORK, May 23, 2025 /PRNewswire/ -- BetaNXT, a provider of wealth management technology solutions with real-time data capabilities and an enhanced advisor experience, announced today certain affiliates of BetaNXT have acquired Delta Data, a provider of global investment fund solutions. With the acquisition, BetaNXT continues to strengthen its ecosystem of wealth management technology solutions. Delta Data is expected to expand BetaNXT's suite of product capabilities with: 'We are always enthusiastic about acquiring enterprises that improve the client experience,' said Bob Santella, CEO of BetaNXT. 'Delta Data's products, and commitment to simplifying investment fund processing and oversight through innovative technology that enables data connectivity, will enhance our ability to address pain points for a broader spectrum of clients in the asset and wealth management industry.' Founded in 1985, Columbus, GA-based Delta Data specializes in providing operational software solutions tailored to three primary segments of the asset management industry—fund distributors, asset managers and transfer agents. Its technology supports and streamlines mutual fund transaction processing and related data management, driving efficiency and mitigating risk. Its existing customers include four of the top 10 U.S. banks, three of the top five U.S. retirement plan recordkeepers, and 23 of the top 25 U.S. asset managers. Backed by Clearlake Capital Group and Motive Partners, BetaNXT brings together wealth management solutions into a single, integrated platform. Delta Data's technology solutions will be fully integrated with BetaNXT DataXChange, which simplifies the exchange of data for wealth management firms and their partners. By streamlining all data within a flexible and connected experience, DataXChange helps optimize what that data can do for fund distributors, asset managers and transfer agents, as well as their clients and partners. 'Joining forces with BetaNXT is the next logical step in our ongoing growth and expansion,' said Cameron Routh, CEO of Delta Data. 'We believe that BetaNXT's solutions, which power the Connected Wealth experience, will take our offerings for the mutual fund and pooled fund space to the next level, and allow the distributors, asset managers and transfer agents we work with to do more with their data than they ever imagined.' BetaNXT was advised by Sidley Austin LLP. Delta Data was advised by D.A. Davidson LP and JonesSpross LLP. About BetaNXT BetaNXT powers the future of Connected Wealth by investing in platforms, products, and partnerships to accelerate growth, with a focus on providing frictionless wealth management enterprise solutions, real-time data capabilities, and enhanced advisor experience. Through its software, data, and operations-as-a-service approach, BetaNXT empowers its clients with flexible, efficient, connected solutions that anticipate their changing needs. BetaNXT's comprehensive model reduces enterprise cost, streamlines operations processes, increases advisor productivity, and strengthens the investor experience. Together with BetaNXT, wealth management firms are transforming their platforms into differentiating assets that enable enterprise scale and stimulate commercial growth. For more information visit Alexandra Shafer & Madison Vance JConnelly for BetaNXT +1 (973) 934-5100 [email protected] Laura Barger Head of Marketing and Communications, BetaNXT +1 (888) 949-9957, option 3 [email protected] About Delta Data Delta Data is a trusted provider of technology solutions for the mutual fund and pooled fund industry, processing trillions of dollars in assets for top financial institutions. Its industry-vetted SaaS integrated suite is trusted by four of the top 10 U.S. banks, three of the top five U.S. retirement recordkeepers, and 23 of the top 25 U.S. asset managers. Delta Data empowers financial companies to navigate the complex regulatory landscape and mitigate risk through efficient data management and streamlined automation. Claudine Martin Head of Marketing, Delta Data +1 (508) 341-2123 [email protected] About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused, approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational approach, O.P.S.® The firm's core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management and its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore. More information is available at Jennifer Hurson Clearlake Capital Group Media Contact – Lambert +1 (845) 507-0571 [email protected] About Motive Motive Partners is a private investment firm exclusively focused on financial technology and technology-enabled business services companies, ranging from early-stage ventures to growth equity and buyout, primarily based in North America and Europe. The firm invests across five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Insurance, and Wealth and Asset Management, and Motive Partners portfolio companies benefit from the firm's fully integrated, proven Investor, Operator, Innovator (IOI) model, which brings together world-class fintech leaders and capabilities with deep industry knowledge, insight and experience. With offices in New York City, London, and Berlin, Motive Partners delivers differentiated expertise, connectivity, and capabilities to create long-term value in financial technology companies. More information on Motive Partners can be found at Britt Zarling Motive Partners +1 (414) 526-3107 [email protected] View original content to download multimedia: SOURCE BetaNXT
Arabian Business
20-05-2025
- Business
- Arabian Business
Saudi assets under management reach $267bn
The Capital Market Authority (CMA) stated that the value of assets under management in the Saudi capital market exceeded SR1tn ($267bn) for the first time at the end of 2024, recording a growth rate of 20.9 per cent compared to the previous year. According to the CMA, the number of investment funds rose to 1,549, while the number of subscribers in public and private funds exceeded 1.72m, an increase of 47 per cent compared to 2023. The data was in the CMA's 2024 Annual Report, which highlights exceptional achievements and record-breaking figures across various regulatory, legislative, and developmental areas, reinforcing the Kingdom's position as an attractive destination for both local and international investment and demonstrating the rapid progress toward the goals of Saudi Vision 2030. Assets under management in Saudi Arabia In terms of regulatory, legislative, and developmental aspects of the market, the CMA in 2024 approved the Instructions on the Offering of Real Estate Contributions Certificates, aimed at regulating the registration and offering of such certificates. It also approved several amendments to a set of regulations, including the Capital Market Institutions Regulations, the Investment Account Instructions, and the Implementing Regulation of the Companies Law for Listed Joint Stock Companies, in addition to amendments to the Rules on the Offer of Securities and Continuing Obligations. The CMA prioritised the development of the sukuk and debt instruments market, which positively impacted the market through the approval of the largest set of regulatory enhancements since the market's inception. According to the report, the total value of listed sukuk and debt instruments in the Saudi capital market reached SR663.5bn ($177bn) by the end of 2024, compared to SR549.8bn ($146.6bn) at the end of 2023, reflecting a growth rate of 20.6 per cent over the year. Last year witnessed growth in public offerings and equity registrations, with the CMA approving 60 applications, an increase of 36.4 per cent compared to 2023, including 40 applications in the Parallel Market and 16 in the Main Market. A total of 44 listings were completed in both markets during the year, marking continued strong activity in initial public offerings (IPOs) of shares. In terms of foreign investment, the Saudi capital market continued to reach record levels, with net foreign investments reaching SR218bn ($58.1bn) by the end of 2024, compared to SR198bn ($52.8bn) the previous year, an increase of 10.1 per cent. The value of foreign ownership also rose to SR423bn ($113bn), representing 11 per cent of the total free float shares in the Main Market. In relation to the licensing and supervision of capital market institutions, the number of licensed institutions rose to 186 at the end of 2024. Revenues of capital market institutions increased by 29.6 per cent compared to the previous year, reaching SR17bn ($4.5bn), while their profits grew by 39.3 per cent to reach SR8.8bn ($2.3bn). The report highlighted Saudi Arabia's leading position among Group of Twenty (G20) countries in several international financial market indicators, according to the 2024 World Competitiveness Yearbook issued by the International Institute for Management Development (IMD). The Kingdom ranked first in the: Capital Market Index Stock Market Capitalisation Index Shareholders' Rights Index Venture Capital Index Overall, Saudi Arabia saw improvements in eight of the 12 capital market-related indicators included in the report. The report confirmed the CMA's continued efforts to enhance investor protection tools. In 2024, the CMA completed the handling of 121 cases, while compensation awarded to affected investors exceeded SR389m ($104m), distributed among 921 beneficiaries. The average litigation period decreased to 4.4 months compared to 5.5 months in 2023. Additionally, the CMA issued enforceable decisions against 171 violators of the laws and regulations under its jurisdiction and followed up on 45 enforcement requests. CMA Chairman Mohammed bin Abdullah Elkuwaiz stated that the CMA approved its strategic plan for the years 2024–2026, in line with emerging economic developments. Elkuwaiz said the plan includes nine objectives distributed across three strategic pillars: the first focuses on activating the capital market's role in financing and investment; the second on empowering the capital market ecosystem; and the third on protecting investor rights. He noted that the plan was developed based on a comprehensive analysis of the capital market sector and through alignment with stakeholders to identify key areas for improvement and development. He also indicated that the annual report reflects the profound transformation taking place in the capital market, confirming that 2024 witnessed significant developments that contributed to enhancing the regional and global standing of the Saudi capital market. This, he said, was evident in the increase in assets under management, the value of fund of funds, and exchange-traded funds, all of which reached record levels compared to the previous year. These achievements, along with the CMA's efforts to deepen the market, introduce regulatory enhancements, expand the investor base, improve liquidity and market stability, and boost competitiveness, are driving sustainable growth, according to Elkuwaiz. Additionally, he noted that this will enhance the performance of the Saudi capital market, increase its contribution to gross domestic product (GDP), and improve its attractiveness to both local and foreign investors, all in support of achieving the goals of Saudi Vision 2030.
Zawya
20-05-2025
- Business
- Zawya
UAE: Ministry of Finance announces issuance of Cabinet Decision expanding scope of Corporate Tax Exemption
The Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. (55) of 2025 on Exempting Certain Persons from Corporate Tax for the purposes of Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. The decision expands the scope of the corporate tax exemption to include foreign entities that are wholly owned by certain exempted entities —such as government entities, government-controlled entities, qualifying investment funds, and public pension or social security funds, subject to meeting the relevant conditions. Prior to the issuance of Cabinet Decision No. (55) of 2025, the corporate tax exemption was limited to entities incorporated within the UAE. Foreign entities, even if wholly owned by certain exempt entities (such as government entities, government-controlled entities, qualifying investment funds, and public pension or social security funds), or even if they operated through branches in the UAE, were not eligible for exemption. The extension of the exemption to include such incorporated foreign entities—provided their activities meet the relevant conditions—aims to ensure equal tax treatment between local and foreign entities owned by certain exempt entities. It also reinforces the UAE's position as an attractive destination for holding companies and reflects the country's commitment to fostering a fair and competitive tax environment in line with international best practices.
