UBS appoints Credit Suisses Zuercher
Adrian Zuercher from Credit Suisse Asset Management has been appointed as head of asset allocation, Asia Pacific at UBS Wealth Management.
Author: PA Adviser
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Adviser jailed over swindle
A Derby-based financial adviser has been sentenced to two years and four months in jail after conning two elderly clients out of nearly £300,000 ($511,000, 375,000).
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Charles Stanley Direct further cuts fees
The direct to client platform says the goal is to shift client focus away from just cost.
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HSBC Global AM unveils low volatility
HSBC Global Asset Management has launched a low volatility equity fund for investors in Hong Kong and Singapore.
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Threadneedle launches Global Corporate
Threadneedle Investments has launched a global corporate bond fund which will invest in diversified investment grade bonds, money market instruments and cash.
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RHB Asset Management floats maiden Islamic
RHB Asset Management has unveiled a Shariah-compliant actively managed Islamic balanced fund in Hong Kong, the first in the country.
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Is active management now cheap enough to justify
New research by the Pensions Institute demonstrates that even star fund managers struggle to beat the benchmark, when costs and fund size is included.
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Hong Kong looks to boost Islamic finance
Hong Kong’s financial regulator has said it is to work closely with the Malaysian authorities to develop its Islamic financial market and promote Shariah-compliant products to both local and international investors.
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Cyprus fund association admitted into EFAMA
The Cyprus Investment Funds Association (CIFA) has become a member of EFAMA following a “rigorous assessment” of Cyprus’s fund management framework.
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BlackRock Asian Growth Leaders Fund opens
BlackRock has launched its Luxembourg-domiciled Asian Growth Leaders Fund to retail investors in Hong Kong.
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EFAMA says industry wants more time for MiFID II
The director general of EFAMA has said the financial industry feels ‘rushed’ into implementing MiFID II following a discussion on EU regulatory initiatives at the group’s annual general meeting.
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Skandia praises HMRC for preventing IHT
Skandia has said that while HM Revenue & Customs prevented a mass headache by leaving existing trusts out of its proposed reforms to the calculation of inheritance tax, it will create thousands of new demands for financial advice.