Emerging Markets | 8 Feb 16
Emerging market outflows concentrated in Asia
The €1bn of net outflows from emerging market equity funds in December brought total redemptions from the asset class in 2015 to €36.3bn. Though emerging markets everywhere suffered heavily from the commodity price slump, Asia suffered the biggest blows last year.
Business strategies: A question of scale
In the final part of a three part series examining the retail distribution review landscape in South Africa, Brian Foster questions the wisdom of thinking big when it comes to advisers growing their businesses.
Investment | 5 Feb 16
Millennials reluctant investors in the economic recovery
Eight out of 10 wealthy investors across the Americas believes the economic recovery has met or exceeded expectations but remain hesitant to invest, with Millennials the most conflicted.
Julius Baer admits US tax evasion, pays $547m
Swiss private bank Julius Baer said it has reached a deal with the US Department of Justice to pay $547m to settle tax evasion allegations, and at the same time two former Julius Baer bankers pleaded guilty to helping American clients dodge taxes.
BNP’s wealth management division sees surge in net inflows
Good inflows into BNP Paribas’s Wealth Management division, driven by domestic and Asian markets, resulted in annual assets under management growth of 6.8% to €954bn (£728bn, $1.1trn) in 2015.