Regions
Luxembourg’s fund buyers – the perfect Europeans
Against a backdrop of macroeconomic uncertainty, most fund selectors based in the Grand Duchy intend to increase their allocation to long/short equity funds. They also follow the other main trends: buying emerging market equities and corporate bonds, and selling US equities and government bonds.
Portugal: the safe haven in the sun
Increasing numbers of high-value professionals are benefiting from bilateral double-tax agreements that offer Portuguese non-habitual residents qualifying income tax-free in a safe haven.
European closet tracker investigation ‘flawed’
The European Securities and Markets Authority’s (Esma) investigation into funds marketing themselves as active but in reality are passive, or ‘closet trackers’, underestimates the extent of the problem, according to UK investment boutique SCM Direct.
FEIFA partners with Kreston IoM
The Federation of European IFAs (FEIFA) has formed an affiliation with Kreston IoM, with the new partner advising members on structures to mitigate tax, aid succession, international pensions, and delivering guidance to high net worth clients.
GAM to acquire London-based investment firm THS
Swiss fund manager GAM has agreed to acquire Taube Hodson Stonex (THS), a UK-based global equity investment firm.