Seneca adds underperforming EM fund to growth portfolio
Seneca Investment Managers has added an underperforming global emerging markets (EM) equity fund to its diversified growth portfolio.
Wisdom Tree offers short-duration SHAG to investors
Wisdom Tree has united with Bloomberg Barclays to launch SHAG, an exchange-traded fund (ETF) targeting short-duration US fixed income.
Standard Life Aberdeen powerhouse eyes US market for expansion
A serious push into the US market is a key strategic target for the merged Standard Life and Aberdeen Asset Management group, according to Aberdeen’s global head of distribution.
Surprise 25% Qrops charge rocks UK pension transfer market
The UK government’s shock decision to impose a 25% charge on transfers to foreign pension schemes announced in the Spring Budget could go as far as to “shut down” the Qrops market, according to industry observers.
Guernsey funds enjoy year-on-year growth, now worth £230bn
The funds business in Guernsey is now worth £227.6bn ($323.7bn, €288.2bn) – a year-on-year increase of £8.2bn in net asset value, data from the Guernsey Financial Services Commission (GFSC) has revealed.