Focus on fintech companies
Took place between 2013 and 2018
Current affairs, not debt, could be the main trigger
Investment grade market in focus
However contagion risk is limited
S&P to launch Communication Services sector
Executive compensation under the spotlight
Unwinding of deflation risks more worrying
There were several credit rating changes in February that were significant for emerging markets (EM).
Turbulent start to the year
Asian stockmarkets also down
Consolidation to continue
MiFID II deadline passed
'Bad debt' among key issues that must be addressed
Rating went from AA- to A+
80% outperformed index
Industry floods out of consumer discretionary sector
Amid the attention focused on the recent downgrade of China, it is easy to forget that Indonesia was upgraded the week beforehand, when Standard & Poor's became the third and last of the major agencies to rate the country as investment grade (BBB-).
Looking outside the 'Big Three'
FCA should look at index providers first
Caused by sterling weakness
First reported by the Evening Standard
99% of active US funds do not beat index over 10 years
Providers could adopt 'loss leader' approach