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.
US
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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.
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ANALYSIS: Volatility, bad omens and the dangers of central bank intervention
It is probably a good thing that most investors don’t tend to believe in bad omens.
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Julius Baer to pay $350m for US tax evasion
Swiss bank Julius Baer has set aside $350m to settle tax evasion allegations with US tax authorities, significantly reducing the time accountholders have to voluntarily disclose their details at a reduced penalty.
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Anti-FATCA group finalises lawsuit against Canadian Gov’t
A group promoting Canadian sovereignty has raised 80% of the funds required to take the Canadian Government to court for providing residents’ details to the US for its Foreign Account Tax Compliance Act (FATCA).
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Governments risk falling short of FATCA demands
Governments around the world could find themselves under-resourced when the Foreign Account Tax Compliance Act deadline for collecting information on US clients arrives in September, one expert has said.
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Vanguard launches ‘robo-advice’ service in US
Pennsylvania-headquartered Vanguard has rolled out a ‘robo-advice’ service for clients in the United States.