Investment
Investment | 20 Oct 16
Merrill Lynch ditches US expats in account closures
Merrill Lynch, one of the ‘big four’ investment banks in the US, will no longer work with US citizens living abroad following the closure of all expat accounts earlier this month, a UK-based IFA firm has confirmed.
US asset manager Cohen & Steers initiates UK push
American asset manager Cohen & Steers has initiated a fresh push into the UK investment market and plans to launch two new funds as part of the effort.
Best Practice | 20 Oct 16
Portugal’s property levy to ‘benefit’ some expats
An annual property tax proposed last week by the Portuguese government on homes worth over €600,000 (£538,572, $660,108), may be “beneficial” for some of the thousands of British expats settled there, according to two leading tax experts.
European risk and the spectre of a post-Brexit domino effect
Smith & Williamson’s Philip Lawlor talks about how GDP, QE and Brexit have raised the risk profile of Europe and the spectre of a domino effect.
Alternatives | 19 Oct 16
Why is there a lack of good alternative Ucits funds?
Returns from alternative Ucits funds have been disappointing over the past couple of years. But perhaps fund selectors have to blame themselves for this.