gulf ipos fall 80 in q4 2011
The value of initial public offerings in the Gulf region fell by 79% year-on-year in the last quarter of 2011, according to a PwC report.
Regions
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european investors redeem 100bn euros net in 2011
The trend of net monthly Ucits fund outflows amounting to billions of euros in the past calendar year lessened towards the end of 2011, with bond funds seeing net inflows in December for the first time since the summer.
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manulife insurance sales up 13 percent in asia
Manulife saw insurance sales jump 13% in Asia last year, fuelled by an expansion in its distribution and greater brand awareness.
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moodys puts uk on negative
Moody’s, one of the big three ratings agencies, put the UK, France and Austria on negative outlook late last night, increasing concerns the countries will lose their prized AAA ratings.
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advisers upbeat on esca regs
The introduction of new fund regulations in the UAE will have a positive impact on the asset management industry, according to 44% of local advisers polled in a recent survey.
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80 of uae ifas support expatriate pension
Just over 80% of financial advisers based in the United Arab Emirates support plans to introduce a Gulf Cooperation Council-wide expatriate pension scheme, according to a recent survey.
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generali paneurope to enter sweden
Generali PanEurope, the Ireland-based cross-border insurance provider, is to enter the Swedish market this year with a range of its best-selling regular-premium and single-premium investment products, redesigned specifically for Swedish clients.
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finance bill strengthens Ireland for ucits iv
The Irish fund industry received a boost from a set of provisions in the countrys Finance Bill last week, according to its fund association, which are accommodating to the Ucits IV directive.
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barclays wealth 2011 profits surge by 27
Barclays Wealth managed to increase profits by more than 25% during 2011 while client assets remained flat and return on equity rose marginally.
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feifa negotiates discounted access
European IFA representative body, FEIFA, has signed a deal which will give its members access to a back office system at a discounted rate.
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latest version of fatca rules clarify simplify
Kristin Konschnik, a partner in the London office of Withers, the international law firm, looks at the IRSs latest proposal for implementing FATCA.
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investors trust unveils revamped product
Investors Trust Assurance has unveiled a revamped regular premium savings product that enables investors to earn a bonus for higher annual premium contributions as well as for loyalty, as measured in years of uninterrupted commitment.