Schroders launches US focused wealth management company
Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.
Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.
Columbia Threadneedle Investments is expanding its US equity fund range with the launch of the Threadneedle (Lux) US Disciplined Core Equities Fund in its Luxembourg Sicav.
The US Department of Justice (DOJ) is working to recover around $1.7bn (£1.3bn, €1.5bn) in assets linked to an international conspiracy to launder funds misappropriated from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).
US investment manager Capital Group makes a bet that the American economy will stay robust and launches a US equity growth strategy available for professional investors in Asia.
The US regulator has appointed co-directors of its Enforcement Division, while First State Investment is losing its head of global resources and Ashburton Investments bolsters its multi-asset team.
This year’s dollar weakness took most investors by surprise. There are, however, obvious reasons for this, and fundamentals suggest it could reverse.
The Securities and Exchange Commission has lost a US Supreme Court case to force an investment adviser to repay nearly $35m (£27m, €31m) his companies stole, as his actions fell outside the statute of limitations.
A 73-year-old woman from Texas has pleaded guilty to conspiring to defraud the US by using accounts in Delaware and Panama to conceal more than $1.3m (£1m, €1.16m) in royalty income she earned from oil wells.
When Donald Trump was first elected US president, investors believed it would power US equities to new highs while emerging market assets were expected to suffer. Four months into his presidency, expectations have changed radically.
President Donald Trump unveiled his much-anticipated tax plan last month, promising “the biggest tax cuts in history”. Here tax advisers Ephraim Moss and Joshua Ashman from Expat Tax Professionals show how the proposals will affect US expats living around the world.
US equity ETFs saw net outflows of €1.3bn ($1.4bn, £1.1bn) in April, in a sharp reversal from the previous month when it was the best-selling asset class overall, Lipper reported. European equity ETFs, by contrast, enjoyed huge inflows on the back of macro(n)economic optimism.
It’s very easy to make the bear case for US equities right now: valuations are high, and the market has priced in all the good things it expects from Donald Trump and none of the bad stuff. But that may be too simplistic a view.