Local currency bond fund launches have been “super-fashionable” this year, with fund houses eulogising about the appreciation potential of emerging market currencies. But First State’s head of EM debt Helene Williamson is not such a fan.
Ucits platform provider ML Capital has agreed a deal which will see it distribute funds on its Montlake platform into the German and Swiss markets.
The growth of emerging market corporate bonds will make up for any shortfall in sovereign debt issuance as investor demand for EM fixed income develops, according to Helene Williamson head of EM debt at First State.
Three men have been jailed in the UK for their involvement in a Spain-based boiler room investment fraud.
HM Revenue & Customs has established a new specialist unit targeting those dodging UK taxes by using offshore accounts.
Coutts has appointed Amir Sadr as head of the UAE market and private office in the Middle East, as it builds its private office presence in the region.
HSBC Private Bank has appointed Bernard Rennell to the newly created position of chief executive for North Asia, subject to regulatory approval.
Friends Provident International has unveiled a series of online seminars which are designed to educate and support advisers in relation to inheritance tax and trusts.
Fidelity Worldwide Investment has become the latest company to join the Federation of European IFAs as part of its partnership programme.
The Financial Services Authority has issued a warning against an unauthorised firm believed to be cloning Sarasin & Partners.
A government study group has, after an eleven month review, recommended that the UK government introduces a narrowly focused general anti tax abuse rule, but not a general anti-avoidance rule.
Vestra Wealth has appointed three further portfolio managers to its Jersey-based team.
