AGP Executive Report
Last update: 7 hours agoAsset Management: RBC agreed to buy Australia’s Yarra Capital Management, adding about A$18 billion in assets under management; the deal is expected to close by year-end, pending approval. Market Flows: Foreign investors pulled $50 billion from Asian equities in October as AI spending concerns mounted, while foreign funds returned to Indian stocks. Property Finance: Australian investor mortgage lending suffered a record plunge, and investor loans made up just 3.1% of first-home buyer loans in the September quarter. AI Risk: Nvidia shares fell 4.3%, wiping about $190 billion from its market value, as the company investigated allegations its CEO was targeted by a foreign intelligence effort—raising fresh questions about confidence in the AI trade. Private Credit: Australia’s corporate regulator warned that some private credit funds are failing investors, putting fund oversight and liquidity risks in focus.
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