North America
MetLife in talks to sell US retail adviser business
MetLife, the largest life insurer in the US, confirmed on Thursday that it is in talks to sell its roughly 4,000-strong adviser force MetLife Premier Client Group to Massachusetts-based MassMutual Financial Group.
Fund Selector: The ‘fangtastic’ four
2015 was the weakest year for US equities since 2008, the exception being the technology sector that was buoyed by the ‘Fangs’ – Facebook, Amazon, Netflix and Google.
Source broadens US sector range with two new ETFs
UK-based exchange traded fund provider Source launched two new US sector Ucits ETFs, providing targeted exposure to the financial services and real estate sectors of the S&P 500 equity index.
ANALYSIS: The US economy is making wealth managers earn their money
The United States accounts for around half of the global equities index so whether you like the asset class or not you can never ignore it, or eliminate it from a portfolio.
Macro Views | 16 Feb 16
Cash balances hit 15-year high as investors turn cautious
Investors are turning more cautious in the face of the turmoil in the financial markets this year, according to the latest Bank of America Merrill Lynch (BAML) Fund Manager Survey, with average cash balances up at their highest weighting since November 2001.