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PEOPLE MOVES: Prudential, HSBC GAM, JP Morgan AM…

People Moves | 19 Jan 16

PEOPLE MOVES: Prudential, HSBC GAM, JP Morgan AM…

Some of the biggest firms in the finance industry announced significant people moves this week; with Prudential naming a chief executive, HSBC GAM making two chief executive appointments in Asia, and JP Morgan promoting a new head of retail in China.

Close Brothers AM sees record inflows into IHT service

Alternatives | 19 Jan 16

Close Brothers AM sees record inflows into IHT service

UK wealth manager Close Brothers Asset Management (CBAM) said its Close Inheritance Tax Service (CITS), which can help investors reduce death duties, had raised a record £45m ($64m, €59m) in 2015.

China GDP growth hits 25-year low but markets unperturbed

Asia | 19 Jan 16

China GDP growth hits 25-year low but markets unperturbed

China’s gross domestic product growth slipped to a 25-year low of 6.9% in 2015 it was confirmed Tuesday, but markets were largely unconcerned.

Commodity price plunge could spark social unrest, Axa says

Commodities | 19 Jan 16

Commodity price plunge could spark social unrest, Axa says

The sustained slide in prices puts several EM commodity exporters at risk for political and social instability, said a senior economist at Axa Investment Managers.

Fund selectors rediscover EM equities

Emerging Markets | 19 Jan 16

Fund selectors rediscover EM equities

Investors are often accused of buying into a trend too late, when markets have already gone up a fair bit. But Europe’s fund buyers are putting on a brave face, and are already planning to move back into emerging market equities before they bounce back.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.