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  • BlackRock set to launch first 'smart beta' bond fund Monday, 23 Feb 2015 | 8:00 AM ET

    NEW YORK, Feb 23- BlackRock Inc is planning to launch its first so-called "smart beta" bond fund that will adjust the holdings of a traditional bond index to achieve an equal balance of credit and interest rate risk. "You've seen this trend on the equity side, and I think you're seeing it start to accelerate on the fixed-income side," said Matt Tucker, head of iShares...

  • The ABF Pan-Asia Bond Index fund, among the oldest and the biggest in the region with $3.14 billion in assets, has paid out about 25 percent in total returns since 2010, according to Thomson Reuters data. Assets under management by fixed income ETFs in Asia stood at $11.8 billion by end-2014, up from $8 billion in 2013, growing at a faster pace than in any other...

  • LONDON, Feb 12- Private holders of Greek default insurance could be in for a payout of over $750 million if Greece defaults on debt owed to the European Central Bank or other public-sector creditors, lawyers said. Worries of a default have resurfaced as Athens is in a stand-off with its international lenders over its plans to end austerity measures agreed under...

  • EXCLUSIVE-BlackRock to ramp up impact investing Monday, 9 Feb 2015 | 7:00 AM ET

    Feb 9- BlackRock Inc is planning an array of new investment products that will allow clients to invest in addressing large societal issues, such as global hunger or poverty, an executive at the New York- based firm said. BlackRock has tapped Deborah Winshel, the former president and chief operating officer of The Robin Hood Foundation, to oversee the initiative.

  • Instead of research reports, news and data coming from different touch points- email, the web, or proprietary systems like those offered by Thomson Reuters Corp and Bloomberg LP- they would instead flow into one central hub. It would be funded from the $66 million Symphony received in capital from a group of Wall Street banks led by Goldman Sachs Group Inc in...

  • LONDON, Feb 6- The plunge in many countries' bond yields below zero has turned the investment world on its head, not least for those trading trillions of dollars' worth of these assets only to find themselves paying governments for the privilege of lending to them. Last week, some $3.6 trillion of government bonds traded with a negative yield, according to...

  • Cash withdrawals totaled $150 billion from Pimco's U.S. open-end mutual funds in 2014. In January, investors pulled $11.6 billion from the Pimco Total Return Fund. 'said Mendel Melzer, chief investment officer for The Newport Group, a Heathrow, Florida- based consultant to institutional investors, including 400 retirement plans, with $21 billion in assets...

  • SAO PAULO, Feb 4- Any revival in initial public offerings in Brazil seems to hinge on whether new Finance Minister Joaquim Levy can clean up public finances and get the country's economy back on track. Strengthening the market for new listings depends increasingly on how much leeway President Dilma Rousseff will give the University of Chicago-trained...

  • WASHINGTON, Feb 3- The U.S. government's top financial research group on Tuesday launched a new website, a move aimed at helping it gain a greater profile separate from the Treasury Department, which houses the powerful agency. The Office of Financial Research was set up after the 2007-09 credit meltdown to help regulators map financial markets and has the power...

  • NEW YORK, Feb 2- Investors who have been piling into real estate exchange-traded funds over the past year could be in for a rocky ride if the Federal Reserve raises interest rates later this year as expected. The record $10.7 billion in new money invested last year in ETFs that focus on real estate investment trusts, coupled with the $1.2 billion added so far this...

  • WASHINGTON/ SAN FRANCISCO, Jan 30- AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday. Verizon and T-Mobile bids were $10.4 billion and $1.8 billion, respectively, according to the results of the Federal...

  • LONDON, Jan 30- The European Central Bank's quantitative easing programme may prove to be major central banks' last salvo in their post-crisis battle to revive growth, heal the financial system and kill off the threat of deflation. Germany's benchmark 10- year yield fell 140 basis points last year, Italy's 220 bps and Spain's 240 bps, all to record lows.

  • Fed could wait until September to lift rates -BlackRock Thursday, 29 Jan 2015 | 10:47 AM ET

    NEW YORK, Jan 29- The U.S. "Using words such as solid growth and strong employment gains would allow the Fed to continue down previously telegraphed mid-year lift-off, but recognizing the near-term softness in inflation, combined with referencing international conditions, provides the central bank with the ability to wait until September to begin the...

  • Most recently, Murphy served as a director at investment firm BlackRock Inc. She will be based in Stamford, Connecticut. Prior to joining the role, Glotzbach served as senior vice president of retirement solutions at Morningstar Inc. She will work out of the San Mateo office. She will relocate from Melbourne, Australia, to San Mateo.

  • UPDATE 1-Ocwen calls investor claims baseless Monday, 26 Jan 2015 | 4:46 PM ET

    Jan 26- Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans. Investors including BlackRock, Metlife and Pimco sent a notice of non-performance to the company and trustees for 119 residential mortgage-backed...

  • Ocwen calls investor claims "baseless" Monday, 26 Jan 2015 | 7:50 AM ET

    Jan 26- Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans. Ocwen's shares were up 47 percent in premarket trading after the company reached a $2.5 million settlement with the California Department of Business...

  • *BlackRock chief points to more pessimistic mood in Davos. Two days after the European Central Bank launched a bold bond-buying drive to revive inflation in the euro zone, a top ECB official warned that Europe's common currency project could come unstuck if the bloc limped on with sluggish growth and mass unemployment. Reviewing the global economic outlook at...

  • NEW YORK, Jan 23- Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities. "The market is at a critical juncture, and it is important that certain standards and certain...

  • Jan 22- Discount brokerage E* Trade Financial Corp's fourth-quarter 2014 profit fell 29.3 percent as it booked a pretax loss of $59 million on retiring corporate debt. The company's net income fell to $41 million, or 14 cents per share, for the three months ended Dec. 31, from $58 million, or 20 cents per share, a year earlier. In the first quarter, E* Trade Securities will...

  • LONDON, Jan 22- Ukraine's sovereign dollar bonds slumped on Thursday after the government said it would seek talks with bondholders to "improve debt sustainability", interpreted by many as a call to restructure the debt. The comments by Finance Minister Natalia Yaresko are being seen as a call for creditors to write down some of Ukraine's debt as the country...