US digital advice market expected to balloon by 2020
The digital advice market in the US will mushroom to $489bn from $18.9bn assets under management by 2020, a research firm has predicted.
US
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JPMAM rolls out new US equities fund
JP Morgan Asset Management is rolling out a new US long-short equities fund managed by Rick I. Singh.
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Credit Suisse: China’s new middle class overtakes US
China has overtaken the US as the nation with the largest number of middle class adults in the world, according to a Credit Suisse report.
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Deutsche AWM rolls out bond ETF
Deutsche Asset & Wealth Management has launched an ETF that offers exposure to the US dollar-denominated liquid corporate bond market.
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Investor visa issues leave thousands in limbo
The world’s most popular investor visa programs face uncertain futures and leave many prospective immigrants in limbo, warned the chair of the Global Investor Immigration Council (GIIC).
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Over half of rich Britons to retire abroad
More than half of the wealthiest people in Britain are committed to spending much of their retirement overseas, according to latest research by Old Mutual Wealth.
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US IG bonds becoming sweet spot in fixed income – Invesco
United States investment grade bonds are becoming attractive relative to other fixed income assets due to the ongoing M&A boom ‘enforcing discipline on issuers’, Invesco has said.
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Ingenious unveils bespoke service for US clients
Ingenious Asset Management has formalised its offering for its transatlantic clients with the launch of IAM-US.
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Asset manager pessimism on US and EM deepens
Return expectations from US equities among asset management companies are at a post-financial crisis low. EM equities may look cheap after last week’s correction, but asset managers have their reasons to stay sceptical.
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ESMA recommends six non-EU nations for AIFMD passport
The European Securities and Markets Authority (ESMA) has recommended that six countries should be among the first wave of non-EU countries to get access to a Europe-wide passport under the Alternative Investment Fund Managers Directive (AIFMD).
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European Court throws out EEA action group claim against UK Gov’t
A group of investors into a troubled life settlements fund has had its claim against the FCA and the UK Government rejected by the European Court of Human Rights.
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Signs of US equities comeback emerging
US equities enjoyed a resurgence in popularity in June, according to BlackRock.