Profiles & Comment | 5 Nov 13
are passives set to dominate
The largest fund in the world is now a passive fund. The Vanguard Total Stock Market Index Fund now sits at $251bn, moving ahead of Bill Gross's Pimco Total Return Fund. The inexorable rise of passive funds has long been a trend in fund management, but is its dominance now assured?
landg launches first sicav in europe
Legal & General Investment Management (LGIM) is entering the European wholesale market.
Tax & Regulation | 5 Nov 13
avoidance scheme disclosure falls sharply
There was a sharp decline in the number of disclosures of tax avoidance schemes in the latest six months to September 2013, according to official figures from the HM Revenue and Customs.
matrix investors to lose more than 90
Investors in the beleaguered Matrix Income and Growth TLP (traded life policy) Fund are to get back only 8% of their initial investment after the fund has been wound down.
glum outlook for jersey economy
Jersey’s economy “is not expected to grow strongly” in 2013 or 2014, according to a report by an independent group established by the States of Jersey government.