Europe
ucits funds 33bn of outflows in June
According to the latest figures from EFAMA, Ucits funds experienced huge outflows in June while non-Ucits propositions saw sizeable inflows.
fecif fights commission ban
A group representing financial advisers across Europe is petitioning the European government not to introduce a ban on commission payments, a move it says will damage small business and hurt investors.
new spain res requirements
All EU citizens who are moving to Spain for longer than three months will face added paperwork and in some cases, a requirement to prove that they are covered by private health insurance under new residency requirements unveiled last month.
European fund mergers slow lipper report
The European mutual fund industry continues to consolidate, with 875 funds withdrawn from the market in Q2 and only 417 new products launched, according to the latest Lipper research report.
totus remodels to target X-border hnwis
Totus, an independent financial advisory business founded 25 years ago in London, has revamped its business model, as it seeks to cater for the evolving needs of wealthy Europeans, particularly Britons and British expatriates living on the Continent.