News
New European funds down and more consolidation expected
The European fund universe contracted during Q3 2015, with 646 funds liquidated or merged and only 453 new products launched, according to Lipper, a Thomson Reuters company.
Zurich withdraws from life business in Singapore
Zurich International Life, part of the Swiss-based Zurich Insurance Group, has announced that it will stop writing new business in Singapore from Tuesday, 1 December.
Aberdeen shares drop on larger-than-expected outflows
Shares in Aberdeen Asset Management were as much as 4.6% lower in morning trade as the firm released full year numbers slightly below analysts’ expectations.
Davy consolidates N. Ireland presence with acquisition
Davy Private Clients (UK), the wealth management and financial planning division of Dublin-headquartered Davy Group, is to acquire Northern Irish wealth management firm Pension & Financial Consultants (PFC) for an undisclosed sum.
Defensive assets continue to find favour
Defensive assets continued to lead in October, according to the latest data from FundsNetwork