Europe
gulf investors plan to launch luxembourg
Private investors from Gulf Arab countries, including a royal family from the United Arab Emirates, plan to establish the first full-fledged Islamic bank headquartered in the euro zone, according to reports.
future ucits growth seen coming from
The global pensions market is expected to account for the largest share of new Ucits fund sales going forward, with the growing alternatives market also key, according to a survey of industry players across Europe, North America and Asia, carried out on behalf of Citi Securities and Fund Services.
opposition forces postponement
Maltese government officials have been forced to postpone implementation of a controversial scheme that would permit high net worth individuals from outside the European Union to become Maltese and thus EU citizens, in exchange for paying a set fee.
meps scrap proposed 200 cap on advisers
The European Parliament has scrapped plans to introduce a cap of 200 on the hourly rate an adviser can charge clients, after pressure from bodies representing advisers and the life industry across Europe.
alfi survey gives picture of Luxembourg
Real estate investment funds come in about as many shapes and sizes as the entities that comprise the asset class they invest in, but a new survey by the Association of the Luxembourg Fund Industry reveals what the average Luxembourg-domiciled REIF might look like.