New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline followed weak equity market sentiments in the preceding quarter. Although market sentiment improved, it did not revive new fund offer fundraising. Established fund houses and differentiated products may still attract investor interest.
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy