DBS buys ANZ Asia wealth units, nets $16.5bn in assets
The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn, £13.5bn, €15bn) of wealth assets, which includes S$6bn from high net worth individuals.
Asia ex-Japan equities bloom but volatility lurks
Asian equities have enjoyed a good rally in the third quarter of this year, with a strong performance from technology stocks, but volatility is likely to remain, says Lena Tsymbaluk, research analyst at Morningstar
Investment | 28 Oct 16
EEA ‘death bonds’ investors finally receive £49m payout
Investors in the ill-fated EEA Life Settlements Fund received a $49m (£39.6m, €59.8m) payout in October for their shares in the so-called ‘death bonds’.
Alternatives | 28 Oct 16
Wine fund scores 32% growth in four years
A Malta-listed fund, which invests mainly in fine French wines and top class Scottish whisky, said it has generated a cumulative net return of 32.2% since its inception four years ago.
Technology | 28 Oct 16
Nutmeg preparing to launch free advice chatbot
Online investment platform Nutmeg has confirmed that it is in the testing stages of launching its automated advice service.