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Morgan Stanley announces management changes for China A Share Fund
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
coalition against fossil fuel subsidies grows but falls short on targets
The coalition against fossil fuel subsidies has expanded to include the UK, Colombia, and New Zealand, joining 13 European nations. Despite the goal to phase out subsidies, only four members have published their inventories, with many facing challenges in transparency and public pushback. The coalition aims to develop national phase-out plans by COP30 next year.
wealthy americans seek second passports amid election fears and unrest
A record number of wealthy Americans are planning to leave the U.S. amid fears of political and social unrest following the election. Demand for second passports and long-term residencies abroad has surged, with many citing concerns over violence, taxation, and political climate as primary motivators. Popular destinations include European countries like Portugal and Malta, as well as Caribbean nations like Antigua, with the process for obtaining citizenship becoming increasingly competitive and lengthy.
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