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$23bn fund sees more gains in costly Indian developers

Bloomberg Property developers’ shares have beaten every industry group in India this year, drawing criticism from some analysts who say the gains are overdone. V. Srivatsa, a fund manager at the $23 billion UTI Asset Management Co., sees it differently. There’s more juice left in real-estate stocks as steps taken by the government to aid the industry that was one ...

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Singapore loses home advantage to Hong Kong

Bloomberg Hong Kong is eroding Singapore’s home advantage. Fourteen companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Ltd., according to data compiled by Bloomberg. That’s the biggest Singapore contingent in the North Asian city in at least ...

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Brexit delays Unilever’s HQ  decision on UK or Netherlands

Bloomberg Anglo-Dutch consumer-goods giant Unilever wants to consolidate its headquarters in the UK or the Netherlands, but Brexit is making it harder to choose. The maker of Ben & Jerry’s ice cream and Dove soap said in a statement that a review of the dual structure is “progressing well,” after CEO Paul Polman told the Financial Times he would advocate ...

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