Seeking shelter from trade war, fund managers bet on China's consumers

China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as the long-term promise of a growing middle class trumps more immediate fears about tariffs.

Factbox: Safe havens emerge in China, South Asia as recession risks grow

Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold.

Morgan Stanley wants majority stake in Chinese joint venture: CEO

Morgan Stanley wants to obtain majority ownership of a joint venture in China, but regulators there have not signed off on the idea, Chief Executive Officer James Gorman said on Wednesday.

Jeffrey Gundlach's DoubleLine to launch Income Fund: SEC filings

DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is planning to launch a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized loan obligations, according to Securities and Exchange Commission filings on Wednesday.

Investors retreat further from U.S. stock funds as trade tensions mount: ICI

Investors extended their retreat from the U.S. stock market by pulling nearly $8.2 billion out of mutual funds and exchange-traded funds that hold domestic equities last week, according to data released on Wednesday by the Investment Company Institute (ICI).

Woodford Patient Capital shares fall 1.7%

Shares in Woodford Patient Capital Trust (WPCT), Woodford Investment Management's only listed fund, fell 1.7% at the open on Wednesday after the Financial Times reported it may drop Neil Woodford as manager.

Goldman Sachs CEO: Tariffs for political agenda can impact markets: CNBC

Goldman Sachs Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump's use of tariffs as part of a political agenda can impact market activity.

High-yield junk market still attractive: top bond manager Margaret Patel

The gains in high-yield junk bonds are not over, thanks to the Federal Reserve's supportive stance on monetary policy, Margaret Patel, one of the mutual-fund industry's longest tenured and most well-known bond managers, said on Tuesday.

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