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RBC Dexia has won the custody administration and registry services mandate covering the newly-launched Omega Global Government Bond Fund and the Omega Global Corporate Bond Fund.
The mandate was announced by Omega Global Investors managing director George Vassos, who said RBC Dexia had come out on top because of its focus on investment managers and its scope of services, which allowed the new funds to be launched successfully in a short timeframe.
Omega Global Investors is a specialist fixed interest manager focused on the institutional market.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.