On Saturday, Trump said he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
Tensions between the U.S. and Iran will likely escalate in the near future, a former adviser to the Iranian government said on Monday.Energyread more
Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
A decisive win for Turkey's main opposition party in a re-run of a mayoral election in Istanbul this weekend has prompted hopes for economic and political change.Europe Politicsread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
Passive investing has gained popularity among investors recently, but there is still a place for active fund management, said Barings Chairman and CEO Thomas Finke.
"Passives have grown so dramatically in the last decade that there's this feeling they will overtake everything," but a balance of assets is important, Finke added.
Barings, part of the MassMutual Financial Group, is a global financial firm that says it manages more than $288 billion in assets.
"As an asset allocator, how I would look at is that there's a place for passives — it's real, they're here. There is a real impact of the more efficient fee structures in a low return, in particular low-rate environment," he told CNBC on the sidelines of the Milken Institute's Asia Summit 2017 in Singapore.
Still, he said, a passive investing strategy may be harder to execute in areas like credit markets.
"Even in equity markets, where passives have their most impact, when you get those downturns, that's where you see the indices and better active managers differentiate themselves, " Finke added.
Regarding the ongoing market rally amid geopolitical risks, Finke said there is always a cause to be concerned if there's "something going straight up." Some sectors, however, are showing strong fundamentals and earnings, he said.
He advised investors to not just look at the big picture, but to also focus on individual companies and how an industry's problems may manifest in the economy in the long term.
"We are seeing a transformation in the global economy unlike anything else in our lifetimes," he said.