Latest news with #outflows
Yahoo
01-08-2025
- Business
- Yahoo
Rupee suffers worst monthly drop since 2022 on tariff blow, portfolio outflows
By Ashwin Manikandan MUMBAI (Reuters) - The Indian rupee suffered its worst monthly drop in nearly three years on Thursday, weighed down by U.S. tariff concerns and persistent portfolio outflows, with traders and analysts seeing little relief for the currency in the near term. The rupee fell to an over five month low of 87.74 following U.S. President Donald Trump's threat of a 25% charge on Indian exports, alongside an unspecified penalty, starting August 1. It closed at 87.5950 down 0.2% on the day. The currency was down 2% for the month, its worst fall since September 2022. The Reserve Bank of India likely intervened to support the rupee on Wednesday and Thursday, traders said, but noted that the intervention was not too aggressive. The rupee could risk a fall below its all-time low of 87.95 if there are no positive developments around U.S.-India trade negotiations, traders said. Foreign outflows added to the pressure, with overseas investors net selling Indian stocks worth $2 billon in July. Economists at QuantEco said they expect the rupee to weaken towards 89.50 levels by March on a recovery in dollar sentiment and elevated global geo-economic and geopolitical uncertainties. India's equity benchmarks, the Nifty 50 and BSESN, fell as much as 0.9% in early trading, but pared losses to close about 0.3% lower. Meanwhile, Asian currencies fell on Thursday, bogged down by weak Chinese economic data and the approaching August 1 U.S. tariff deadline. The dollar index was flat at 99.8 after rising nearly 1% in the previous session. Later in the day, the focus will turn to U.S. personal consumption expenditure (PCE) inflation data to gauge the path of benchmark policy rates in the world's largest economy.
Reuters
31-07-2025
- Business
- Reuters
Schroders reports first-half outflows and improved profit
LONDON, July 31 (Reuters) - British fund manager Schroders' (SDR.L), opens new tab posted lower than expected outflows of client cash and forecast-beating operating profit in first-half results on Thursday. Schroders reported 1 billion pounds ($1.3 billion) of net outflows in the first half, compared with 3.9 billion pounds of inflows a year earlier. However, the outflow was lower than the 4.9 billion pounds average of analyst forecasts compiled by the company. Adjusted operating profit was 316 million pounds, beating forecasts and up 7% year on year. The fund manager said its assets under management stood at 776.6 billion pounds at the end of June, up marginally from 758.4 billion at the end of March. It also announced an unchanged interim dividend of 6.5 pence per share. ($1 = 0.7539 pounds)
Bloomberg
17-07-2025
- Business
- Bloomberg
T. Rowe Price Cuts Jobs Across the Firm After Years of Outflows
By and Loukia Gyftopoulou Save T. Rowe Price Group Inc. is making a business-wide round of job cuts as the Baltimore-based asset manager grapples with outflows and other pressures. The firm is cutting a number of positions across all departments and has already contacted the affected employees, according to a memo sent to staff Thursday and seen by Bloomberg News. The memo didn't specify the number of roles the asset manager has eliminated.
Bloomberg
14-07-2025
- Business
- Bloomberg
Ashmore Outflows Slow as Investment Performance Boosts Assets
Ashmore Group Plc outflows slowed in the last quarter with positive investment performance contributing to a rise in assets of the emerging-markets-focused fund manager. Clients pulled a net $800 million in the three months through June, down from the $3.9 billion in the previous quarter, according to a statement on Monday. The London-based firm said 'subscription levels were consistent and investors' risk appetite generally remains subdued given macro events.'
Bloomberg
27-06-2025
- Business
- Bloomberg
Taiwanese Investors Flee US Bond ETFs as Currency Risks Mount
Taiwanese investors are unloading their holdings in US-focused exchange-traded bond funds at the quickest pace since the onset of the Covid pandemic, highlighting a 'Sell America' momentum that may further boost the island's currency. Such products listed in Taiwan — Asia's most active bond ETF market — have seen about $3.3 billion of outflows so far this year, according to Bloomberg-compiled data. It's the largest half-year withdrawal since 2020 and outpaced other Asian markets, the data show.
