The world’s second largest asset manager Vanguard warns that AI is unlikely to save equities from an economic downturn.

The world’s second largest asset manager Vanguard warns that AI is unlikely to save equities from an economic downturn.
The asset manager aims to grow its footprint in the private credit market.
As the momentum behind artificial intelligence (AI) gathers pace, investors are grappling with how to identify those tech companies which are best placed to reap the rewards.
Assets managed by robo advisers will reach $5.9trn in four years.
Asset managers should consider best level of transparency when long and short legs are reported separately.
Asian investors are embracing different approaches to include climate-aligned investments in their portfolios.
Quasi-government agency Amac has officially invited China’s fund management firms to contribute cash and materials to coronavirus affected areas in the mainland.
Asset manager American Century Investments, which channels 40% of its profits into medical research, has helped fund a potential breakthrough in the treatment of inoperable cancerous tumours, the firm said.
Regulatory factors are making mainland fund houses evaluate plans for launching RMB products overseas, though the challenges are tough, said David Li, managing director of CACEIS.
Part of the Mark Allen Group.