BRIEF-Wealth Management buys property in Kyoto via SPV
March 27 Wealth Management Inc: * Says it acquired Kyoto-based property via SPV Source text in Japanese:https://goo.gl/HebXvd Further company coverage: (Beijing Headline News)
RIYADH Aug 3 The Public Pension Agency (PPA), Saudi Arabia's second-largest pension fund, made an 8.1 percent return on its investments in 2013, down from 9.8 percent in 2012 despite a strong rise in the stock market, the PPA said on Sunday.
The agency, which manages retirement schemes for Saudi nationals, said in its annual report for 2013 that the return on its investments in the Saudi stock market was 25.7 percent last year. That compared with a 25.5 percent rise for the market's main equity index.
The PPA is one of the major investors in the local equity market, with 32 percent of its total money in 64 listed companies at the end of last year, according to the report.
It did not give a monetary value for its equity investments, but its previous annual report said its holdings in 61 listed companies had a market value of 41.8 billion riyals ($11.2 billion) at the end of 2012.
The PPA has previously said it had about 12 percent of its assets in real estate at the end of last year, with the fair value of those holdings at 26.6 billion riyals. It is also a major fixed income investor.
In May this year, the PPA's governor Mohammad Al Kharashi said the agency planned to boost its investments in real estate but had no immediate plans to exit any of its holdings in Saudi companies. (Reporting by Marwa Rashad; Editing by Andrew Torchia)
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: South Africa Banks: Peer Review https://www.fitchratings.com/site/re/894684 LONDON, March 27 (Fitch) Fitch Ratings has published a peer review of the five major South African banking groups and domestic banking entities. Together these represented 93% of domestic banking assets and 85% of domestic credit at end-2016. As part of its December 6, 2016 peer rating review, Fitch had affirmed the Long-Term