Capital Group launches World Bond Fund

first_img Mackenzie launches emerging markets bond ETF Share this article and your comments with peers on social media Los Angeles-based Capital Group has announced the launch of Capital Group World Bond Fund (Canada), a globally diversified fixed-income portfolio for Canadian investors. Leah Golob BMO Private Investment Counsel announces fund merger Related news Fidelity Investments launches fixed income ETFs Facebook LinkedIn Twitter Keywords Bond funds The mutual fund aims to provide a “prudently managed” portfolio of bonds and other debt securities of global issuer and can become a good addition to equity portfolios, the firm says in a news release. “In this low interest rate environment, it’s tempting to reach for yield,” says Thomas Høgh, portfolio manager and the mutual fund’s principle investment officer, in a statement. “High-yielding bond strategies could be at risk of sharp price declines due to their high correlation to equity markets. We believe bonds should anchor a portfolio and behave like bonds. A prudently managed bond portfolio should provide income, capital preservation, inflation protection and diversification from equities.” Capital Group World Bond Fund (Canada) is designed to give exposure to global bond markets with different economic cycles, yields and currency valuations. This can add an extra layer of bond diversification. The mutual fund can invest in any country, currency, credit quality, coupon or maturity, including a mix of government, corporate and mortgage- and asset-backed bonds worldwide. The portfolio is offered by Toronto-based Capital International Asset Management (Canada) Inc., a subsidiary of Capital Group. The fund’s four portfolio managers are Mark Brett, David Daigle, Høgh and Rob Neithart. Photo copyright: gguy/123RF Ottawa considers issuing ultra-long bonds last_img read more

MoJ could face judicial review challenge over civil cost reforms

first_imgCharitable group the Public Law Project (PLP) has threatened to launch a legal challenge to the Ministry of Justice’s civil costs and funding reforms. London firm Leigh Day & Co has sent a letter before action to the justice secretary Ken Clark on behalf of the PLP, a national legal charity that aims to improve access to public law remedies for those whose access to justice is restricted. PLP seeks to challenge the way the MoJ plans to implement Lord Justice Jackson’s reforms. In particular, it is challenging the MoJ’s decision to abolish the recoverability of conditional fee agreement success fees, without also introducing other key reforms put forward by Jackson to mitigate the impact on access to justice for those seeking judicial reviews. In personal injury cases, the MoJ has proposed the introduction of costs protection for claimants – so-called qualified one way costs shifting – which means loosing claimants do not face the risk of having to pay the substantial legal costs of defendant bodies. The sums awarded for general damages will also increase. But for judicial review claims, the MoJ has decided not to implement the costs protection measure for claimants, with the result that the government and other state bodies will be able to recover costs from citizens who unsuccessfully challenge them. PLP claims this will deter ordinary citizens from mounting challenges and reduce their ability to obtain access to justice. It also claims that it is not lawful for the MoJ to introduce such radical changes to the system on the basis of ‘perfunctory consultation’ and in the ‘absence of any reasoned justification’. PLP also considers that the proposals are unlawful in view of the UK’s common law and international law obligations to ensure access to justice. Its director Diane Astin said: ‘PLP believes that the MoJ’s decision not to implement Lord Justice Jackson’s proposals on costs protection for most claimants in judicial review claims has not been thought through. ‘The proposed changes are likely to have a seriously detrimental effect on the ability of individuals and groups to challenge unlawful conduct by public bodies.’ Astin said the proposals should have been consulted on properly. She urged the government to withdraw its plans pending a thorough consultation on the likely impact on access to justice. Jamie Beagent, solicitor at Leigh Day & Co, said: ‘Access to justice is a fundamental right. The MoJ’s proposals will seriously hamper that right. ‘To undermine a key means by which the public can access the constitutional court of this country without introducing the balancing reforms recommended by Lord Justice Jackson is unjustifiable.’ A Ministry of Justice spokesperson said: ‘The government set out its position on the reform of civil litigation funding and costs on 29 March. ‘This followed careful consideration of the responses received during a full public consultation. We have received a letter from Leigh Day and Co and will respond in due course.’last_img read more

Tipperary’s Daire Lynch wins European Rowing Gold

first_imgClonmel’s Daire Lynch won a gold medal in the European Under 23 Rowing championships yesterday.The Tipperary man, alongside his Cork teammate Ronan Bryne, finished in first place in the Men’s Double Skulls A final.The Irish duo finished 4 seconds ahead of second place Belarus to take gold in Duisburg, Germany yesterday. (c) Pixabay.comlast_img

Team Liquid enters multi-year sales partnership with Twitch

first_imgEsports organisation Team Liquid has appointed streaming platform Twitch as its exclusive sponsorship sales representative through a multi-year deal.The partnership awards Twitch with the exclusive rights to manage sales and partnerships for the organisation. It also provides “one-stop access” for Team Liquid to promote itself across the platform. Photo credit: Team Liquid & TwitchThe two parties have been working together for the past eight years, with Team Liquid exclusively broadcasting on Twitch.Steve Arhancet, Co-CEO of Team Liquid shared his thoughts on the partnership in a statement: “Since Team Liquid’s earliest days, we’ve been focused on building strong and rich communities, in addition to creating great content with winning teams across multiple sports.“We believe in strong and long-term brand partnerships that support these goals, and Twitch’s unrivaled network and expertise makes them the perfect partner to help us reach even more brands that share our vision. This is the #1 distributor of esports content working in lock-step with the largest esports team network on their platform.”Team Liquid is also partnered with the likes of Alienware, Monster Energy, SAP, Honda, Jersey Mike’s Subs, HyperX, Fathead, and MAXNOMIC by NEEDforSEAT. Last October, the organisation’s parent company aXiomatic raised $26 million (£20,293,390) in a Series C funding round; NBA Hall of Famer Michael Jordan was among those who invested.Kristen Salvatore, VP/Commercial Director of Sponsorships at Twitch also commented: “Team Liquid is a giant in esports, with one of the most winning records in history. As Twitch strives to connect our trusted sponsorship partners with the esports community in more meaningful ways, working with a seasoned brand like Team Liquid offers commercial brands keen to enter the esports space the perfect opportunity to reach a savvy audience with relevant, high-quality content.”Esports Insider says: Team Liquid is undeniably one of the biggest brands in the industry and as more and more non-endemic sponsors flock to esports, it’s not hard to imagine a world where the organisation is a target for many potential sponsors and partners. Twitch is a monster of a company and it appears to be well-equipped to take charge of Team Liquid’s future opportunities.Subscribe to ESI on YouTubelast_img read more