Liquidnet expands EM offering
Liquidnet has expanded its emerging market (EM) offering with the launch of the trading of Pakistani equities.
The move was driven by the recent upgrade of Pakistan by the MSCI Index from a Frontier to an Emerging Market.
The firm said that trading volumes had increased by over 21 per cent in the first half of 2017, counting year-on-year, with more than US$17.5 billion being traded across the Asia-Pacific region.
Liquidnet APAC’s head, Lee Porter, said: “We have seen increased member interest and a demand for liquidity in Pakistan since the inclusion of the market in the MSCI Emerging Market index”.
“This is an important step in establishing our presence in key emerging markets worldwide, and we see it an appealing market for growth and opportunities.”
Liquidnet said that with the addition of Pakistan it would offer institutional investors access to 13 Asia-Pacific markets and 45 markets globally.
AUTHOR
Oksana Patron
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
