Europe
Canada Life Int’l ‘fills gap in market’ with new Dublin bond
Canada Life International has extended the availability of capital redemption bond (CRB) options to its Dublin-based trust products offered by Canada Life International Assurance (Ireland).
Malta the ‘big winner’ of UK’s extensive Rops reforms
Malta will be the “main winner” of HM Revenue & Customs’ plan to change the ‘eligibility criteria’ for foreign pensions to qualify as recognised overseas pensions schemes (Rops), according to the director of European IFA firm Blevins Franks.
Ireland told a French-style wealth tax will raise just €22m
Ireland’s controversial plans to impose a wealth tax on its super-rich, similar to other European countries such as France and Spain, may yield just €22m (£18.6m, $23.2m), according to a study by the Economic and Social Research Institute (ESRI).
Bond investors wary as Italy referendum risk looms
Whereas equity markets have quickly shrugged off the result of the US presidential elections, peripheral bond spreads have widened since. Trump’s election seems to have reminded markets of the possible consequences of an Italian no-vote in next week’s referendum.
Wells Fargo adds US small cap and equity Ucits to range
Wells Fargo Asset Management has launched two Luxembourg-domiciled Ucits funds: the Global Focused Equity and US Small Cap Value funds.