Wine fund scores 32% growth in four years
A Malta-listed fund, which invests mainly in fine French wines and top class Scottish whisky, said it has generated a cumulative net return of 32.2% since its inception four years ago.
Alternatives
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The case for investing in fine wine and classic cars
With investors facing increasingly poor returns from traditional investments, the case for putting your money in alternative investments such as wine, classic cars, stamps and whisky is getting stronger, says Adam Benskin, executive director at international IFA firm Strabens Hall.
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Why is there a lack of good alternative Ucits funds?
Returns from alternative Ucits funds have been disappointing over the past couple of years. But perhaps fund selectors have to blame themselves for this.
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Investment ideas not asset allocation key to finding opportunities
The current low growth, low inflation economic environment is likely to persist for a number of years and is what investors must bear in mind when choosing where to put their money, says Invesco Perpetual’s Georgina Taylor.
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Cayman Islands on Italy’s whitelist, targets European growth
The Cayman Islands has been added to Italy’s “good tax governance” whitelist, marking a positive step forward for the islands’ financial services industry in Europe, according to Jude Scott, chief executive of Cayman Finance.
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Morgan Stanley launches pair of ESG multi-asset funds
Morgan Stanley Investment Management has added the Global Balanced and Global Balanced Defensive funds to its line-up.
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Schroders launches liquid alternatives Ucits fund
Schroders has launched an externally-managed Ucits fund, called the Schroder GAIA Two Sigma Diversified fund, which will combine US equity market-neutral and global macro strategies.
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Aberdeen to target alternative investments in Asia
Known as an emerging markets specialist, Aberdeen Asset Management has been diversifying into alternatives and intends to push this asset class and multi-asset funds in Asia, said Andrew McCaffery, global head of alternatives and group head of solutions.
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European investors make switch to smart beta
In the first half of 2016, investors in Europe have poured in $5.7bn (€5.1bn) into smart beta funds as market capitalisation index trackers saw outflows over the period, according to Morningstar data analysed by ETF provider WisdomTree Europe. Brexit could be one of the reasons for the switch.
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Malta-based Investedge Ucits Sicav offers new currency fund
Maltese-registered Investedge Ucits Sicav has launched its first sub fund, which is targeting 7-12% annual returns from trading in major foreign currency markets.
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Esma gives AIF passport opinion for 12 non-EU jurisdictions
Esma, the European financial regulator, has published its advice on 12 jurisdictions seeking passporting rights for alternative investment funds (AIFs) giving seven a clear go-ahead with five others getting a qualified approval.
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Luxembourg’s new alternative investment fund vehicle approved
Luxembourg’s reserved alternative investment fund (Raif) has been approved by the duchy’s parliament and will come into force three days after publication in Luxembourg’s official gazette.