Who actually holds the global debt?
Despite much talk of debt reduction and deleveraging since the financial crisis, global debt levels are higher than ever before. Several risks arise for investors and for financial and economic stability, according to Daniel Murray, head of global research at EFG Asset Management.
Blackrock undercuts Vanguard with slashed fees
Blackrock has undercut Vanguard by slashing fees on an iShares emerging markets product and matching its rival’s pricing on four European equity funds.
European Wealth’s ambitious US acquisition collapses
Guernsey-based European Wealth Group’s acquisition of US broker Newbridge has been “mutually” called off.
PEOPLE MOVES: Brewin Dolphin, Manulife, JP Morgan
Brewin Dolphin bolsters its Jersey team with a senior hire, Manulife announces three promotions to its management team in Hong Kong and JP Morgan Asset Management grows its international ETF business with six appointments.
Tilney boots Woodford from buy list
Tilney has ditched Neil Woodford’s flagship fund from its buy list due to performance and liquidity concerns, echoing sentiment from other platforms that have dropped the UK equities manager.