Brexit
Brexit success could spark further EU break-up – OMGI
If the United Kingdom’s exit from the European Union leaves the country ‘better off’ it could spark further break-up, according to Christine Johnson, head of fixed income at Old Mutual Global Investors.
Investment | 10 Aug 16
Smart beta assets hit record high
Assets invested in smart beta ETFs/ETPs listed globally hit a record $429bn (£330bn, €387bn) at the end of June, according to research and consultancy firm ETFGI.
LGIM’s profits slip despite rise in international assets
Legal & General Investment Management’s profit slipped by a marginal 3% to £171m in the first half of the year versus the same period in 2015.
EU tax cases against HMRC to soar amid Brexit concerns
The number of people bringing cases against national tax authorities to the European Court of Justice (ECJ) could see a dramatic increase in the wake of the Brexit vote, says international law firm Pinsent Masons.
Asset managers stick to European and Japanese equities
Asset managers have been too optimistic in their return forecasts for European and Japanese equities over the past 18 months or so. Despite having faced disappointing returns over the past year or so, they are not yet prepared to meaningfully lower their expectations.