Bank of Japan’s new weapon in inflation fight gets mixed reception
With news overnight that the Bank of Japan has unveiled a new form of stimulus, professional investors and economists reacted with mixed enthusiasm.
With news overnight that the Bank of Japan has unveiled a new form of stimulus, professional investors and economists reacted with mixed enthusiasm.
Rathbone Unit Trust Management said it plans to launch an offshore version of the Rathbone Income Fund for investors based in Continental Europe.
Zurich names a new head for its global divison in Hong Kong, while Switzerland’s EFG appoints a chief executive in Singapore. The Guernsey regulator hires a new lawyer to its decision’s panel, and BMO expands its European sales team.
Old Mutual Global Investors has created a new head of China business role, while Newton Investment Management is bidding farewell to its veteran chief executive and Rathbones has appointed a new head of equity research.
The UK’s largest open-ended property funds gated flows or implemented exit charges to prevent a post-Brexit run on the asset class earlier this month, trapping £15bn ($19.8bn, €18bn) of investors’ cash and casting a cloud over the City. But many flexible investors were able to see the warning signs and evade the net, says David…
Rathbones’ David Coombs worries about the silent Brexiters, reluctant to admit they’re in ‘camp leave’ in case they’re seen as little Englanders. And while he believes the UK will vote remain, he’s taking precautions.
Like Janet Yellen’s Federal Reserve, it would appear that UK wealth managers are planning to be very data dependent in the second quarter.
Rathbone Unit Trust Management (RUTM) will offer four Luxembourg-domiciled funds to European investors next month in order to tap into the offshore market’s “considerable” growth potential.
Rathbones has hired ex-Ashcourt Rowan Financial Planning head, Gaius Jones as head of financial planning.
Rathbones Unit Trust Management has significantly reworked its multi-asset offering as the firm moves away from the multi-manager approach.
Rathbones Investment Management has become the latest company to join the Federation of European IFAs (FEIFA) partnership programme.
Rathbones finalised an out of court settlement earlier this week, under which it has agreed to pay £15m to a former client of a now sold Jersey trust company subsidiary and costs of £5m.