BofE considers new measures to halt property fund closures
The Bank of England is looking to impose new measures in a bid to stem the flow of property fund suspensions in the wake of last month’s Brexit vote.
SSGA: Gold ETFs to remain strong in H2
Net fund flows into global gold ETFs in the first half this year have already surpassed the same period of 2009 during the financial crisis, as Brexit has created more uncertainties in the global economic outlook.
Legg Mason acquires 82% in US-based investment platform
Legg Mason has acquired an 82% stake in US-based online investment adviser Financial Guard for an undisclosed sum.
Macro Views | 8 Jul 16
ANALYSIS: Is timing now more important than time in the market?
In its latest Flow Show note, Bank of America Merrill Lynch pointed out that, at current rates, it would take you 1,387 years to double your savings in a 1-year German deposit account.
Zurich to sell Africa units to Canadian insurer Fairfax
Swiss-based insurer Zurich has sold its operations in South Africa and Botswana to Canada’s Fairfax Financial Holdings for an undisclosed sum.