News
Investment | news 6 May 16
Brexit: Ucits restructuring just one of the big unknowns
Ucits products may need to be “radically restructured” should the UK vote for Brexit, law firm Hogan Lovells has said.
Ex-AIA insurance agent pleads guilty to fraud in Singapore
A former agent of pan-Asian life insurance company AIA pleaded guilty for the second time on Thursday to defrauding an elderly couple of more than $5m (£3.4m, €4.4m) after withdrawing her earlier plea.
Old Mutual Wealth hires new COO as group break-up approaches
Old Mutual Wealth has appointed Steven Braudo as chief operating officer, effective 1 June 2016.
Fund costs give best clue for outperformance – Morningstar
The cheaper a fund is, the better the chance it outperforms its peer group, a study by Morningstar has shown.
Funds in Asia see huge Q1 outflows
Around $39bn fled funds in Asia during the first quarter of this year, and one asset class took an enormous hit, according to data from Strategic Insight.