Europe
Investors hedge US equity positions
European investors have been responding to this year’s dollar weakness by hedging their investments in US equities, according to Morningstar data.
Multi-asset class takes the crown in drawdown market boom
While the number of retirees opting for drawdown has more than trebled since the introduction of the pension freedoms, retiring investors are choosing funds with long-term investment targets to meet near-term income needs, research from Dutch insurer and pension provider Aegon shows.
Law firm loses appeal in ‘mafia risk’ property project
An Italian law firm has lost its appeal against a British High Court ruling that it was under a duty to warn investors over a failed property scheme that is now under investigation for allegedly being a money-laundering vehicle for the mafia and IRA.
Isle of Man joins Commonwealth body in strategic Brexit move
The Isle of Man, one of the UK’s crown dependencies, plans to strengthen its economic links with Commonwealth countries ahead of Brexit by becoming a strategic partner of the Commonwealth Enterprise and Investment Council (CWEIC).
Euro powers ahead as Draghi keeps silent
The euro has reached multi-year highs against all other major currencies this week after ECB-president Mario Draghi gave a blank speech at the Fed’s Jackson Hole meeting.