View Comments Off-Broadway, the New York premiere of Stoppard’s Indian Ink will bow at the Laura Pels Theatre in the Harold and Miriam Steinberg Center for Theatre in September 2014. Set on two different continents and in two different eras, Indian Ink follows free-spirited English poet Flora Crewe on her travels through India in the 1930s, where her intricate relationship with an Indian artist unfurls against the backdrop of a country seeking its independence. Fifty years later, in 1980s England, her younger sister Eleanor tries to preserve the legacy of Flora’s controversial career. Casting and opening date will be announced in due course. Noises Off, a hilarious play-within-a-play, follows an ambitious director named Lloyd Davis and his troupe of mediocre actors as they blunder from a bad dress rehearsal to a spectacularly disastrous performance. The cast and crew are putting together a silly sex comedy titled, Nothing On—a single-set farce in which lovers frollic, doors slam, clothes are tossed away and embarrassing hi-jinks ensue. Noises Off premiered on Broadway in 1983 and was nominated for the Tony Award for Best Play. The revival will open Roundabout’s Broadway season at the American Airlines Theatre in January 2015; casting and an opening date have not yet been announced. Roundabout’s slate for its current season includes Broadway mountings of Sophie Treadwell’s Machinal (directed by Lyndsey Turner), Cabaret, starring Alan Cumming and Michelle Williams (directed by Sam Mendes and Rob Marshall) and Violet, starring Sutton Foster (directed by Leigh Silverman). Off-Broadway productions include Donald Margulies’ Dinner With Friends (directed by Tony winner Pam MacKinnon) and Bekah Brunstetter’s Cutie and Bear (directed by Evan Cabnet). Roundabout Theatre Company has added two productions—a Broadway revival of Michael Frayn’s gut-busting comedy Noises Off, directed by Jeremy Herrin, and an off-Broadway production of Tom Stoppard’s romantic drama Indian Ink, directed by Carey Perloff—to its 2014-15 season. As previously announced, RTC’s upcoming season also includes Stoppard’s The Real Thing, starring Ewan McGregor in his Broadway debut and directed by Sam Gold.
It also noted that cost efficiency, ease of trading and liquidity, diversification and risk management were the most important benefits of ETFs.Beyond this, participants increasingly viewed active ETFs as a tool to add alpha, or as a means to achieve specific investment objectives, like sustainable investing. Nearly half (40%) of all client money allocated to exchange-traded funds (ETFs) will be in active or smart beta strategies by 2023, according to the respondents* of JP Morgan Asset Management’s (JPMAM) Second Annual Global ETF Survey.Survey participants, already regular users of active and smart beta ETFs, believe their clients’ ETF allocations held in passive products will decline to 61% of portfolios over the next three years, while the share of assets in active and smart beta ETFs will continue to grow substantially.The Global ETF Study 2020 took place in April 2020, with 320 survey respondents in the US, EMEA, Asia Pacific and Latin America taking part. While US-based respondents expect active ETFs to rapidly gain an edge in the next few years, making up more than a quarter of ETF allocations by 2023, APAC based respondents predict smart beta products will grow significantly faster in that region, the survey showed. Source: JP Morgan Asset ManagementJed Laskowitz, global head of asset management solutions at JPMAM, said: “We’re seeing a significant shift in sentiment and in the way investors use ETFs in portfolios. They are exploring their options and increasingly looking to diversify their use of ETFs beyond passive strategies.“For example, the current and expected growth in ESG ETFs and active ETFs is proof that these vehicles are likely to play a bigger role across investor portfolios.”ESG demand drives ETF growthEnvironmental, social, and corporate governance (ESG) and thematic ETFs are seen as key growth drivers in the near future, the study revealed. Globally, more than half (59%) of respondents predicted strong growth in ESG ETFs by 2023, while 42% believe thematic ETFs will similarly grow over the same period.As ESG gains familiarity across the industry, many investors want to use ESG ETFs to help align their investments with their values and beliefs, according to respondents. ESG ETFs are earmarked for significant expansion by around seven in 10 respondents in EMEA (72%), Asia Pacific (70%) and Latin America (68%).Survey prticipants highlighted several factors were driving client appetite: rising concern over climate change; a growing perception that taking ESG criteria into account can enhance risk management and improve risk-adjusted returns; there was also a preference for a more values-based approach to investment from younger investors.ESG interest may also fuel the future growth of active ETFs, as these structures are well suited for such investment strategies, the study concluded. Furthermore, in this year’s IPE ETF Guide, IPE Magazine’s 8th annual report on the global ETF market for institutional investors, JPMAM highlights the advantages that active ETFs can bring to a portfolio and takes a closer look at how its Research-Enhanced Index (REI) strategy can provided investors with the “best of both worlds”.The guide, which includes JPMAM’s contribution, will be distributed with the October issue of IPE Magazine.*Survey respondents included independent wealth and asset managers, discretionary fund managers, independent advisory and brokerage firms, private banks, fund-of-funds, insurance companies and investment platforms for defined contribution plans. To download a summary of the survey results, click here.To read the digital edition of IPE’s latest magazine click here.
Orville Clarke, Gleaner Writer The official signing regarding the Government’s divestment of Caymanas Park, between Caymanas Track Limited (CTL) and new owners Supreme Ventures Limited was concluded at the offices of the Ministry of Finance at Heroes Circle, on Friday afternoon in the presence of Finance Minister Audley Shaw, who described it as an “historic occasion”. With the process now complete, Shaw described the development as a “win-win” for the racing industry, while speaking to the large gathering, which included representatives of the new company, Supreme Ventures Racing and Entertainment Limited, the government’s negotiating team, CTL board members, technocrats and various stakeholders. Paul Hoo, chairman of Supreme Ventures Limited, signed on behalf of his company, while CTL’s Danville Walker did likewise. Noting that since 1987, there have been five attempts to divest Caymanas Park, Shaw highlighted that the Government of Jamaica having recognised the importance of the racing industry in the scheme of things, was pleased that this was now a reality. Shaw spoke of numerous advantages not only to the wider industry but to the Jamaica Racing Commission and the Betting, Gaming and Lotteries Commission, among other entities. The handing over of the racetrack to Supreme Ventures will take place on Tuesday, March 7 and a $200 million redundancy package has been set aside for the CTL workers, most of whom will be re-employed by Supreme Ventures.