Luxury asset structuring a major opportunity in Asia
Swathes of Asia’s greatest family fortunes held in alternative assets like fine art or watches are being overlooked by financial planners, according to an experienced trustee.
Will Europe’s most popular fund continue to steal the show?
This year alone, the Pimco Income fund has attracted more than €28bn in net new money from European investors, according to Morningstar data. This is almost half of all net inflows into unconstrained bond funds this year, and has made the $64.3bn (€54.6bn) strategy the world’s largest actively managed fund. There are few, if any examples of funds that have attracted so much money in such a short time. Even the inflows the Standard Life GARS fund saw in its heydays are peanuts compared to the money the Pimco Income Fund has attracted this year. Can it continue?
CoInvestor to UK chancellor: Leave pension freedoms alone
Ahead of Wednesday’s Autumn Statement, alternative assets platform CoInvestor has urged UK chancellor Philip Hammond not to backtrack on pensions freedoms.