Briefing 2023-12-21

Asset managers squeezed by selling pressure of open-ended funds

Asset managers dealing with open-ended mutual funds (MFs) have been enduring liquidity pressure while having to pay off unitholders against the sell-off of units for investments are stuck in the capital market due to floor price. In recent years, open-ended funds have become more popular than close-ended pooled funds because unitholders of the former have the scope of offloading units any time. Page 9

Tigers taste defeat despite Soumya's century

Despite a record-breaking century of Soumya Sarkar, Bangladesh lost the three-match ODI series to New Zealand by tasting a seven-wicket defeat in the all important second game at Saxton Oval in Nelson Wednesday. Soumya hammered a 151 ball-169 which is now the highest innings by an Asian batter on New Zealand soil. Page 17

Trump barred from Colorado ballot

Former President Donald Trump is disqualified from serving as U.S. president and cannot appear on the primary ballot in Colorado because of his role in the Jan. 6, 2021, attack on the U.S. Capitol by his supporters, the state's top court ruled Tuesday. Page 18