‘Bond voyage’ to Italy says fund buyer
Italy’s political drama and subsequent bond sell-off has moved a leading fund selector to reduce their Italian investments to zero.
Italy
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Italian Government bond spreads rely on incoming finance minister
The movement of Italian government bond (BTPS) spreads will depend on who will be the next finance minister, and future volatility will depend on whether the new government’s decisions diverge from the European Union, according to a top fund selector.
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Forgotten $1.8m cash fortune ‘worthless’
An unlucky heir who discovered a secure vault containing three billion in Italian lira in Switzerland is facing an uphill battle to buy anything with the fortune after the Bank of Italy refused to exchange the stacks of cash for legal currency.
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Italy unveils attractive tax regime for global wealthy
The land of ‘la dolce vita’ has unveiled an attractive tax proposition for high net worths looking to settle in Italy.
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Do Italian election results reignite the populist threat?
The Italian election looks set to result in a hung parliament as widely expected, but fund managers are concerned a strong showing by right-wing and populist parties poses a threat to eurozone stability.
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Hung Italian parliament is best for investors
The consensus forecast of no clear winner in this weekend’s Italian election coming true is the best short-term scenario for financial markets and the economy, according to industry experts.
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‘First of its kind’ trust set up for politician
Trust lawyers acting for a colourful Italian mayor have set up an innovative blind trust for his businesses, which include Italy’s leading basketball team.
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European recovery not a blip
Most European buy-side investors have had a positive macroeconomic outlook for three quarters in a row now, according to data from International Adviser’s sister title, Expert Investor.
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Brexit to hit three times more British than EU pensioners
There are three times as many Brits over the age of 65 living in other European Union countries than vice versa but they are showing little inclination to rush home ahead of Brexit, figures from the UK’s Office for National Statistics (ONS) suggest.
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Law firm loses appeal in ‘mafia risk’ property project
An Italian law firm has lost its appeal against a British High Court ruling that it was under a duty to warn investors over a failed property scheme that is now under investigation for allegedly being a money-laundering vehicle for the mafia and IRA.
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Crocodile Dundee fraudster’s Italian trial collapses
The Italian trial of a Jerseyman at the centre of Australia’s biggest ever tax evasion scandal that ensnared Crocodile Dundee star Paul Hogan has collapsed.
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Italy emerging as stand-out haven for the super wealthy
A new flat rate tax regime introduced in Italy earlier this year is putting the nation on the map of potential destinations for super-wealth expats of all nationalities, an expert has told International Adviser.