Research firm Backend Benchmarking has amassed at least one year of performance data on six robo advisers for both their “socially responsible investment” portfolios and standard portfolios. At four of those robos, the “SRI” portfolios delivered better one-year returns than their standard counterparts.
Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.
The Trillion-Dollar Math of Aramco’s IPO Probably Doesn’t Add Up: Aramco is the world’s most profitable company, but whatever the valuation, it might fail to take account of Saudi Arabia’s political risk.
From Dow Jones Newswires
Chinese air-safety regulators have signaled they won’t allow that country’s 737 MAX fleet back in the air until March at the earliest, according to industry officials familiar with the details. Beijing has laid out that timetable for the International Air Transport Association, the industry’s leading global trade group, projecting action months after the US. Specifically, China wants to put off its MAX decision until Ethiopian aviation authorities release their final report on a MAX accident that occurred after takeoff from Addis Ababa in March. Such a report is supposed to be released a year after a fatal accident, though Ethiopia could take longer than March 2020 to complete the document. The US is expected to lift its grounding order for US-registered MAX jets by the end of the year, and European regulators now are expected to follow within weeks. Chinese officials have avoided public statements about the topic. (firstname.lastname@example.org)
Markets are underpricing the odds of a Bank of Canada rate cut in December, Capital Economics says. Capital Economics’ Stephen Brown says the central bank’s biggest issue is Canada’s domestic economic data. If the data look weak leading up to the Dec. 4 rate decision, he says “we would expect the Bank to signal that a December rate cut is likely” during speeches that are scheduled for later in November. Brown says CapEcon would change its call for a December rate cut if the US and China reach a deal involving a major rollback in tariffs, if the Canadian government announces major, unexpected spending, or if domestic data over the next two weeks is stronger than anticipated. Market-implied odds of a December rate cut, at 15%, look too low, he says. (email@example.com; @kimmackrael)
BUSINESS & PRACTICE
AstraZeneca to Raise $1 Billion to Invest in China Startups: AstraZeneca plans to raise up to $1 billion for a new fund that would invest in Chinese health-care startups, making it the latest drug giant to place a bet on the world’s second-largest pharmaceuticals market.
AES, Google Form Alliance to Accelerate Growth, Adoption of Clean Energy: AES has formed a 10-year alliance with Alphabet ’s Google to develop and implement solutions to help AES’s customers tap into clean energy.
Park Hyatt Aims to Attract Big Spenders with $50,000-a-Night Suites: Exclusive unit at One57 comes with postcard views, a butler, chef and closet styled by Nordstrom with clothes for purchase.
TRAVEL & LIFESTYLE
The Bahamas for the Holidays? This Year’s the Year: Hurricane Dorian hit the island nation hard, but many of the islands and resorts were spared. With crowds on the light side, now’s the time to start planning.
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SOURCE: MoneyBeat – Read entire story here.