News
Goldman Sachs AM enters Singapore retail funds market
Goldman Sachs Asset Management (GSAM) has announced plans to launch a range of 13 investment funds to retail investors in Singapore over the next two months after receiving permission from the Monetary Authority of Singapore.
Amundi launches pan European multi smart beta ETF
Amundi ETF has extended its smart beta range with the launch of a multi smart beta ETF which offers investors exposure to European equities.
Middle East | news 28 Jan 16
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J. Safra Sarasin and its authorised subsidiary, Bank Sarasin-Alpen (ME) Ltd which has now ceased operations, is nearing a conclusion following a new DIFC court ruling.
Anglo American shares rocket; Lloyds share sale axed
Anglo American saw its shares rocket 15% on news it has decided to cut around 4000 jobs and increased iron ore production.
Deutsche AWM posts growth as bank struggles
Despite recording its first net asset outflow for seven quarters, Deutsche Asset and Wealth Management (AWM) outperformed the rest of the group; achieving net revenue growth of 14.2% in the fourth quarter, against a decrease of 15.2% for Deutsche Bank Group over the same period.