Due to low investor demand, iShares, BlackRock’s exchange-traded fund business is set to close 15 equity and commodity ETF’s. The closure will be effective from October 24th. Seven of the funds being…
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Adepa Asset Management launches US equity fund
Adepa Asset Management, the Luxembourg-based investment boutique, has announced the launch of a concentrated, all-cap portfolio US equity fund, which aims to target long-term growth stocks and capitalise economic growth. DIP –…
Luxembourg Favoured Fund Domicile for Ashmore
In order to appeal to a wider investor audient, Ashmore Investment Management has brought its Turkish equity strategy to Luxembourg. This comes as the team has just gained their ten year track…
UCITS absolute return fund launched by Zadig
Zadig Gestion (Luxembourg) S.A., the independent asset management company, has released a new Luxembourg-based UCITS fund called Active Risk Parity Fund. It was launched on September 4th, with advisory services provided by…
UBP Asset Management’s funds added to Allfunds Bank’s retail offer
Allfunds Bank has signed an agreement with Union Bancaire Privee Asset Management (UBP) whereby Allfunds’ network of retail distributors will be offered UBP’s Luxembourg-domiciled Ucits funds. The offer to Italian Allfunds Bank…
Investor trends vary widely across the world.
According to research from Deutsche Asset & Wealth Management, in response to disappointing returns, investors in Poland or Hong Kong are likely to sell their mutual funds, compared to those in Luxembourg…
Hogan Lovells hires from Nauta Dutilh for Luxembourg launch team
A two-partner team has been hired from Benelux firm Nauta Dulith by Hogan Lovells, who have confirmed an August Luxembourg launch. Hogan Lovells will become a part of the growing number of…
Bank of Singapore increases headcount by 40% and continues to grow
The Bank of Singapore (BoS) has increased its headcount by 40% and is still continuing to grow. BoS was created in 2012 when ING Asia Private Bank was taken over by its…
BNP Paribas: Henderson Fund Final Stage Completed
A large number of Henderson funds have completed its final stage of migration to the BNP Paribas Securities Services platform. The project has seen 25 Gartmore funds worth an approximate €8 billion…
Butterfield Acquired by MUFG
Butterfield Fulcrum Group from Bermuda has agreed to be acquired by Mitsubishi UFJ Trust and Banking Corporation (MUTB). MUTB was established in 1927 and is a wholly owned subsidiary of MUFG: Mitsubishi…