Investment
‘Highly unlikely’ Providence investors will get money back
Investors in the doomed Guernsey-based Providence Investment Funds have been told it is “highly unlikely” they will receive any money back, as a campaign group is set up on their behalf to target an FCA-regulated firm it claims is behind the funds’ promotion.
Swiss bank Syz exits Asia to focus on Europe
Switzerland’s Banque Syz has closed its asset management unit in Hong Kong to focus on European markets in the latest step towards consolidation in Asia’s wealth management industry.
Man GLG launches pan-European equity Ucits fund
Discretionary fund manager Man GLG, part of investment management giant Man Group, has launched a pan-European Ucits fund for investors across Europe which will offer exposure to the region’s strongest companies.
Asset managers and their very rosy outlook for 2017
Asset managers see global economic growth accelerating this year, extending an eight-year equity bull market beyond 2017. Fund buyers, however, are a little more guarded.
India the biggest concern for emerging markets, says Mobius
November’s surprise ban of large currency bills in India is one of the greatest single-country risks in emerging markets, Mark Mobius, executive chairman of the Templeton emerging markets group, told our sister publication Fund Selector Asia.