investors ditch mutual funds
European investors sought no shelter for their cash in mutual funds in 2011, with outflows for the year totalling 119bn across equity, bond and money market funds.
News
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investec adds to wealth management
Banking group Investec continues its programme of wealth management acquisitions with the buy-out of Irish wealth manager Neontar Ltd.
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vanguard overcomes delays to launch
Vanguard is set to list its first exchange-traded products in Europe following delays with regulators and concerns about market conditions for launch, Portfolio Adviser understands.
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guernsey pins qrops hopes on new regime
The States of Guernsey is to introduce a completely new, one-size-fits-all pensions regime, open to islanders and non-residents alike, in an effort to ensure the survival of its thriving QROPS industry.
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new antimoney laundering guidelines
A new set of guidelines on anti-money laundering and counter-terrorist financing has been published by the Securities and Futures Commission in Hong Kong.
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blackrocks elliot takes on emea role
With the aim of driving its business across Europe and the Middle East, BlackRock has made a significant management change by shifting Mark Elliott from the UK into the region.
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renaissance acquires two further griffin funds
Emerging Europe, Russia and Africa specialist investor Renaissance Asset Managers has acquired two further funds from Griffin Capital Management.
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skandia offers protected ftse fund
Skandia International has launched a structured product, offering exposure to the performance of UK equities.
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First State opens first office in Continental
First State Investments International has opened its first office in Continental Europe.
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ex Janus man to head pioneers asia
Pioneer Investments has poached Jack Lin from Janus Capital to head its Asia and Middle East business.
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hsbc sells thai wm arm to krungsri
HSBC has entered an agreement to dispose of its Thailand-based retail banking and wealth management arm, and expects the deal to be completed in the first half of 2012.
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swiss bank to target expats in uae
A Swiss private bank is reported to be developing a pension scheme specifically designed to manage retirement savings for expatriates working in the United Arab Emirates.