Knighthead launches first fixed index annuity
Cayman Islands-based insurer Knighthead Annuity & Life Assurance Company has launched its first fixed index annuity (FIA) for global clients.
S&P
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Liechtenstein’s AAA rating affirmed
While other offshore financial centers have suffered ratings downgrades of late, Lichtenstein has had its AAA rating affirmed by Standard & Poor’s.
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Moody’s cuts Saudi growth outlook amid ratings slide
The impact of lower oil prices has caused ratings agency Moody’s to revise down its economic outlook for Saudi Arabia, in a week which saw rival agency Standard and Poor’s announce a two-notch downgrade of the country’s sovereign ratings.
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Blame for Jersey and Guernsey downgrades pinned on Brexit
Jersey and Guernsey have both blamed a possible ‘Brexit’ for Standard & Poor’s recent ratings downgrade despite S&P pointing to the G10’s rising focus on low-tax regimes and the impact that may have on their financial services sectors as the driving force behind its decision.
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Staying top quartile – it’s nearly impossible for US equity managers
US equity funds have a hard time in beating their peers on a sustained basis. Only 4.28% of 678 US equity funds analysed by S&P managed to consistently finish in the top-quartile during three consecutive one-year periods from September 2012 to September 2015. So no wonder investors prefer the passive option.
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Oil price fall sees S&P cut ratings on main Saudi banks
The sharp fall in oil prices and the impact it will have on Saudi Arabia’s government finances led ratings agency Standard and Poor’s to cut its credit rankings for eight of the country’s major banks on Friday.
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ETFs surge in Europe to record high
ETFs and ETPs listed in Europe are gathering net new assets 13% faster than in previous years, according to research consultancy ETFGI.
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No signs of contagion so far- S&P Dow Jones Indices
S&P Dow Jones Indices has said its data indicates bond market contagion stemming from the Greece situation is not a huge concern.
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Vanguard launches first S&P 500 ETF listed in Hong Kong
Vanguard, the world’s largest mutual fund company, has launched an S&P 500 Index Exchange traded fund listed on the Hong Kong stock exchange.
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Isle of man chief defends loss of S&P rating
Isle of Man Government chief minister Allan Bell has defended its decision to stop funding a Standard & Poor’s rating for the island following concerns raised by one of the international life companies.
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five european stocks to look out for
Market observers choose their top five stocks that could boost portfolios in what could be a vigorous investment-driven rebound.
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1trn Islamic finance industry set to double
Global Islamic finance will double in the next three years, according to Standard & Poor’s which said the sector is increasingly being viewed as a “real alternative to conventional finance”.