North America
EM positions hit by stronger dollar, says UBS Wealth
The strengthening US dollar has resulted in tactical changes to client portfolios, according to Mark Haefele, Zurich-based group managing director and global chief investment officer.
Investment | 21 Jun 18
Vanguard and Blackrock exposed to US child detention camps
Blackrock has blamed index tracking products for its large stake in a contractor involved in child detention centres in the US, while Vanguard, along with several active investors, has been silent on its exposure to the political controversy.
European Wealth’s ambitious US acquisition collapses
Guernsey-based European Wealth Group’s acquisition of US broker Newbridge has been “mutually” called off.
North America | 7 Jun 18
Expat reprieve opens door to wider US reform
A reprieve for US expats caught up in changes to overseas corporation tax “opens the door” toward a residency-based taxation, claims Washington-based campaign group American Citizens Abroad.
Hansard’s Bahamas move branded ‘disappointing’
Senior figures in the Isle of Man life insurance sector have criticised Hansard’s decision to set up a company in the Bahamas, which the insurer admits was partly driven by the looming commission disclosure rules.