NEWS

Sep 24, 2013

Indices boardSmith & Williamson Investment Management, based in London and with £14 billion under management, has reduced the holdings in its North American Trust and acknowledges pressure from the wide use of index funds by advisers.

Sep 24, 2013

WealthNearly one in 20 Singaporeans will be a millionaire by 2017, according to new estimates, and the city-state will have the second highest density of millionaires in the world after Monaco, traditionally the European home of the super rich.

Sep 23, 2013

DragonDragon Capital, a fund management firm based in Vietnam, has launched an Ireland-domiciled Ucits fund to invest in Vietnamese companies listed on the Ho Chi Minh Stock Exchange.

Sep 23, 2013

Carol WongCarol Wong will join Old Mutual Global Investors as managing director and head of distribution for Asia in November, having spent 15 years at BNP Investment Partners in Hong Kong.

Sep 23, 2013

Falling profitsAberdeen saw its assets under management fall £7.9 billion (€9.3 billion) in two months owing to withdrawals, market performance and exchange movements.

Sep 23, 2013

ClosedBlackRock's exchange-traded fund (ETF) business, iShares, is to close 15 equity and commodity ETFs, citing low investor demand.

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