Suspended UK property funds show model portfolio limitations
The UK’s largest open-ended property funds gated flows or implemented exit charges to prevent a post-Brexit run on the asset class earlier this month, trapping £15bn ($19.8bn, €18bn) of investors’ cash and casting a cloud over the City. But many flexible investors were able to see the warning signs and evade the net, says David Coombs, Rathbones’ head of multi-asset investments.
DeVere Acuma plans UAE expansion, pulls PIC brand
The deVere Group has announced that it will incorporate its Professional Investment Consultants (PIC) Middle East business into its deVere Acuma operation in the UAE as part of a strategic plan to expand across the region.
Axa Life’s Singapore CEO steps down in restructure
Chief executive of Axa Life Insurance Singapore, Glenn Williams, has stepped down after 15 years with the Axa group following a restructure of the business.
Robeco sets up Singapore office
Netherlands-based Robeco has opened a new office in Singapore for sales and client servicing and, separately in Asia, New York Life Investment Management is opening a Japan sales office.
Investment | 22 Jul 16
Sustainable investing – is it time to consider ETFs?
Passive investing has made a rapid rise over the past couple of years. When it comes to sustainable investing, however, index-based funds are still relative newcomers.