News
Fixed Income | news 20 Apr 17
Strong demand sees UBS cut fees on inflation-protected ETF range
UBS Asset Management has cut the fees on its new exchange traded funds (ETFs) which track a benchmark index for US Treasury Inflation Protected Securities (Tips) after recording $470m (£366.4m) of inflows in less than seven months.
Middle East | news 20 Apr 17
Mike Coady heading up Guardian Wealth’s new UAE division
Ex-deVere UK managing director Mike Coady is heading up Guardian Wealth Management’s new corporate solutions division in the UAE.
DeVere denies ‘unfounded claims’ it uses prohibited funds in SA
International advisory firm deVere has denied claims that it has been investing its South African clients’ money in offshore funds which have not been approved by the country’s regulator, blaming the “unfounded allegations” on a disgruntled former employee.
Joint ventures give fund managers best chance of China success
The path to success in China for foreign fund management companies lies in joint ventures with local firms, even though wholly foreign-owned enterprises (WFOE) can now launch investment products on the mainland, says Xianzhou Jiang, vice chairman and chief executive of China Construction Bank (Asia).
Expat cities among the most expensive for rent
Hong Kong, Dubai and Singapore are some of the most expensive cities in the world when it comes to how much people have to earn to pay rent but they do not top the list, research from UK property selling start-up Nested has found.