Europe
JP Morgan AM adds Europe high yield short duration bond fund
JP Morgan Asset Management has launched a Ucits fund for investors looking to maintain their holdings in fixed income and limit their exposure to rising rates, while still achieving a reasonable level of income in the current low interest rate environment.
Arsenal’s Sanchez facing jail after admitting €1m tax fraud
Arsenal striker Alexis Sanchez faces a possible jail sentence after admitting to tax fraud in Spain of almost €1m (£880,240, $1.06m).
Nationwide to close Isle of Man offshore expat unit
Nationwide International, the Isle of Man-based offshore unit of UK retail bank Nationwide, has announced that it is closing its doors in summer 2017 in a move expected to affect thousands of British expats.
Portugal introduces wealth tax on properties over €600k
The Portuguese government has introduced a wealth tax on properties valued over €600,000 (£538,572, $660,108) in a move that could benefit thousands of British expats living in the EU-member state.
SLI launches Sicav version of MyFolio fund range
Standard Life Investments has launched an international version of its suite of multi-asset funds known as MyFolio, which will be initially available to advisers and their clients in Germany.