Tax & Regulation | 7 Mar 18
Disgraced adviser admits perverting course of justice
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has admitted perverting the course of justice.
Franklin Templeton eyes European ETF expansion
Franklin Templeton has poached a smart beta specialist from Invesco Powershares for a newly-created senior ETF role as it looks to expand in Europe.
EU tax haven blacklist to dwindle to six
EU finance ministers are expected to remove three more jurisdictions from the EU tax haven blacklist, meaning it has shrunk from 17 to just six since its inception in December.
Fixed Income | 7 Mar 18
EEA investors to take 36% hit
Investors with run-off shares in the ill-fated EEA Life Settlements fund are projected to lose more than a third of the value of their investment by the time all shares are redeemed, the coordinator of the EEA Investors’ Group told International Adviser.
ESG strategy hits Norway’s sovereign wealth fund
Norway’s giant sovereign wealth fund has returned 1.6 percentage points less on an annualised basis over the last 12 years because it excluded some stocks on ethical grounds.