North America
Investors keep pouring money into US equity ETFs
Investors kept faith in US equities in January, despite the Trump rally losing steam, according to Morningstar ETF flows data.
Trump tweets on US stocks winning streak , but is he right?
The S&P 500 stock index posted a record high on Wednesday, prompting Donald Trump to tweet enthusiastically that the market was on its “longest winning streak in decades”. Is this correct, or are we dealing with just another alternative fact?
North America | 15 Feb 17
Morgan Stanley pays $8m to settle ETF investment charges
Morgan Stanley has agreed to pay $8m (£6.4m, €7.5m) and admit wrongdoing to settle charges that it did not ensure clients understood the risks associated with buying inverse exchange-traded funds (ETFs) the firm recommended.
North America | 15 Feb 17
All Canadian schemes removed from HMRC Rops list
UK pension transfers to Canada have been effectively blocked after the three remaining Canadian recognised overseas pension schemes (Rops) were removed from HM Revenue & Customs’ (HMRC) list on Wednesday.
Firms lining up to buy Old Mutual’s US asset management stake
Old Mutual is in talks to sell a stake in its US asset management unit following approaches from China’s HNA group.