News

Deutsche Bank has unveiled the db x-trackers II Euro Inflation Swap 5 year TRI ETF on the Xetra exchange in Germany.

The UK property market will face fresh competition for offshore investment money as funds in the Crown Dependencies will soon be able to invest in French property without prohibitive French tax charges.

The FTSE 100 dipped closer to the 4,000 mark this morning, with miners again dragging the index down.

Bernard Madoff will not appeal the 150-year sentence handed to him last week for a $65bn (£40bn) "Ponzi" fraud, reports The Telegraph.

Canada Life International (CLI) has added the Julius Baer Physical Gold fund to its single and regular premium investment bonds.

The RDR will strengthen the appeal of passive funds as advisers move towards a fee-based structure, says Cofunds.

Openwork has appointed current chairman Martin Davis as CEO with a key priority to decide whether to establish a two-tier distribution model for the group in response to RDR proposals.

There is still a need for a greater understanding of the bond market amongst experienced advisers as well as newcomers to the industry, according to M&G managing director, global sales Jonathan Willcocks.

The Dow Jones has risen 23.84 points (0.58%) to 8183.40 after the US aluminium giant Alcoa revealed better than expected results.

IMA chairman Robert Jenkins argues the reason for the roll-out of the EU regulation of the alternatives industry stems from a case of "mistaken identity".