News
EU agrees rules for long-term investment funds
The European Parliament has agreed legislation to set up European Long-term Investment Funds (ELTIFs) designed to make it easier for pension funds and insurance companies to invest in long-term projects.
Nedbank Private Wealth expands Middle East ops
Nedbank Private Wealth, the offshore private bank majority-owned by South Africa’s Old Mutual, said it has doubled its client base in the Middle East during the past two years and has expanded its support team for its Dubai-based operation.
Asia Pacific ETFs get chunk of global ETF flows
Exchange-traded funds listed in Europe and Asia-Pacific and launched in January collected $526m worth of inflows and accounted for 90% of new assets, according to data from Markit.
North America | news 10 Mar 15
Vanguard International announces
Vanguard, the world’s largest mutual fund company, has announced senior management changes within its international group.
Expats exposed to long term
Expats around the world could be losing as much as £80,000 to hidden fees and charges over the life of an offshore bond, says cross-border advice firm AES International.