european ucits see outflows double in september
European Ucits funds saw net outflows more than double from August to September to just short of 50bn, according to the European Fund and Asset Management Association.
News
-
-
legg masons miller to step down
Bill Miller is to step down as chief investment officer of Legg Mason Capital Management in April and will pass over sole responsibility of his flagship fund to Sam Peters.
-
eea publishes ucis checklist for advisers
EEA Fund Management has produced a checklist it says will help advisers to comply with Financial Services Authority rules when recommending EEA Ucis products to clients.
-
barings finally launches India equity fund
Baring Asset Management’s plans to launch an India equity fund have finally come to fruition, as its new head of Indian equities has quickly stamped his mark on the firm’s product range.
-
singapore life insurance sales slow
Sales of insurance products in Singapore slowed to a year-on-year increase of 18% in the third quarter of 2011, after posting a 38% leap in the first half, the Life Insurance Association of Singapore has reported.
-
hmrc writes to 6000 hsbc geneva customers
HM Revenue & Customs has this week begun writing to 6,000 UK residents who hold or held accounts with HSBC in Geneva, Switzerland, inviting them to disclose any tax irregularities.
-
ici global appoints policy director
ICI Global has appointed Giles Swan as director of global funds policy.
-
kleinwort benson names wealth management head
Stephen Rothwell has been named as Kleinwort Bensons new head of wealth management taking over from interim head Guy McGlashan.
-
sanlam buys majority stake in Swiss tax firm
Sanlam Private Investments (SPI), part of South Africa-based Sanlam Group, has acquired a majority share in Summit Trust International a Swiss international fiduciary and tax services company.
-
fidelity fundsnetwork adds further offshore funds
Fidelity FundsNetwork has extended the range of offshore funds available on its platform.
-
syz expands its fund research team
Swiss banking group Syz & Co has announced two new appointments to Syz Fund Research, its fund analysis and long only manager selection service.
-
dexia am opens in dubai
Dexia Asset Management has opened its first office in Dubai as it plans to broaden its distribution in the Middle East and North Africa region.