News
Multi asset funds Europe’s top sellers but debt does well
One-stop shop funds that take away responsibility for asset allocation have been the blockbuster sellers with European investors in the last three years, but debt funds have also done well despite record low interest rates.
Licensed companies in Dubai’s financial centre up 6.2% in 1H17
The Dubai International Financial Centre (DIFC) has reported a 6.2% growth in the number of active licensed companies to 1,750 during the first six months of 2017.
Middle East | news 3 Aug 17
Abu Dhabi and Kenya forge deal on African fintech
Abu Dhabi Global Market (ADGM) has signed a cooperation agreement with Kenya’s Capital Markets Authority (CMA) for the joint development of projects and initiatives in the fintech field.
Tax & Regulation | news 3 Aug 17
Big UK insurers not offering financial advice tax break
Millions of pension savers cannot take advantage of a tax break designed to help them pay for financial advice because major providers including Aviva, Aegon, Fidelity, Legal & General, Prudential and Royal London are not offering it to customers, reports the Financial Times.
Invesco rumoured to be in talks to buy US ETF provider
US-based investment manager Invesco is in talks to buy the asset management business of Guggenheim Partners, according to media reports.