Equity markets fell on Wednesday with the S&P 500 down 3.1%, extending the index's losses to 9.4% since hitting an all-time closing high just a few weeks ago on 20 September. With today's decline the S&P 500 has erased its price gain for the year.

This rising penetration of financial products and services will, according to Ross Teverson Head of Strategy, Emerging Markets, forge dramatic change in developing regions of the world, in turn creating opportunities for investors.

Risk assets have yet to find stable ground after the recent turmoil. The rebound in equities since the October 11th trough appears fragile. Last week, the minutes of the latest FOMC meeting were hawkish and Italy's 10-year sovereign spread with Germany jumped to levels unseen since the eurozone sovereign crisis.

BNP Paribas Asset Management (‘BNPP AM') announces the appointment of Corinne Massuyeau as Global Head of Client Services. Corinne is based in Paris and reports to Sandro Pierri, Global Head of Client Group.

ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the US reached a new high of US$3.73 Tn in assets, following net inflows of US$36.2 Bn in September, according to ETFGI's September 2018 Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service.