Singapore Tops The Charts As Best Overall Destination For Expats

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¿Qué valoran los expatriados de España, Estados Unidos, México, Chile, Perú y Brasil?
CC-BY-SA-2.0, FlickrPhoto: Allie_Caulfield . Singapore Tops The Charts As Best Overall Destination For Expats

For the second year in a row, Singapore takes the top spot in HSBC’s Expat Explorer country league table. Expatriates in Singapore enjoy some of the world’s best financial rewards and career opportunities, while benefiting from an excellent quality of life and a safe, family-friendly environment.

More than three in five (62%) expats in Singapore say it is a good place to progress their career, with the same proportion seeing their earnings rise after moving to the country (compared with 43% and 42% respectively of expats globally). The average annual income for expats in Singapore is USD139,000 (compared with USD97,000 across the world), while nearly a quarter (23%) earn more than USD200,000 (more than twice the global expat average of 11%).

Overall, 66% of expats agree that Singapore offers a better quality of life than their home country (compared to 52% of expats globally), while three quarters (75%) say the quality of education in Singapore is better than at home, the highest proportion in the world (global average 43%).

Now in its ninth year, Expat Explorer is the largest and one of the longest running surveys of expats, with 26,871 respondents sharing their views on life abroad including careers, financial wellbeing, quality of life and ease of settling for children.

The 2016 Expat Explorer report also reveals:

Millennials are drawn to expat life to find more purpose in their careers
Nearly a quarter (22%) of expats aged 18-34 moved abroad to find more purpose in their career. This compares to 14% of those aged 34-54 and only 7% of those aged 55 and over. Millennials are also the most likely to embrace expat life in search of a new challenge: more than two in five (43%) say this, compared with 38% of those aged 34-54 and only 30% of those aged 55 and over. Millennials are finding the purpose they seek, with almost half (49%) reporting that they are more fulfilled at work than they were in their home country.

Expat life accelerates progress towards financial goals
Far from slowing progress towards their longer term financial goals, expats find many are fast tracked by life abroad. Around two in five expats say that moving abroad has accelerated their progress towards saving for retirement (40%) or towards buying a property (41%), compared to around one in five (20% and 19% respectively) whose move abroad has slowed their progress towards these financial goals. Almost a third (29%) of expats say living abroad has helped them to save towards their children’s education more quickly, compared to only 15% who say it has slowed them down.

The top expat destinations for economics, experience and family are:

Dean Blackburn, Head of HSBC Expat, comments:
“Expats consistently tell us that moving abroad has helped them achieve their ambitions and long-term financial goals, from getting access to better education for their children to buying property or saving more for retirement. Most expats also find that their quality of life has improved since making the move – and that they are integrating well with the local people and culture.”

Diagnosing the Health Care Selloff

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Diagnosing the Health Care Selloff
Photo: Pictures of Money. Diagnosing the Health Care Selloff

Health care stocks have suffered as political rhetoric heats up around health care reform. Heidi suggests the sector may have been over-penalized.

No sector has been a victim of election antics and volatility like health care, the third-largest sector weight in the S&P 500 Index. The S&P 500 Health Care Index is down a little more than 2% this year and the S&P Biotechnology Select Industry Index has plummeted over 15%, while the S&P 500 has notched a decent 6% gain, according to Bloomberg data.

This should come as no surprise: A key factor in the recent selloff has been investor concerns that new regulations could impact the prices of drugs. These concerns are exacerbated by political rhetoric connected to the presidential election, and we think the likelihood of significant reform remains low. Although both U.S. presidential candidates have very different approaches to health care, each has proposed significant changes to the current system. And as politicians suggest plans to rectify an imperfect system, many health care companies feel the heat, particularly biotechnology companies, which then see weakened stock prices.

However, despite the potential for near-term political headwinds, there are positive fundamental and structural factors that suggest some health care companies are being over-penalized.

In recent years, U.S. equities overall have generally seen their stock prices gain from multiple expansion, rather than significant earnings growth. In other words, investors have been willing to pay more for the same dollar of earnings. But the health care sector is an exception; its earnings have been overlooked. The cheaper the stock prices get, the less the stocks are loved. See the chart below.
 

Reform talk could just be talk

So why have health care and biotech stocks been left out in the cold? The market selloff in biotech began last year when Hilary Clinton commented on drug price gouging and the need for increased regulation. In a single day, the Nasdaq Biotech Index dropped almost 5% (source: Bloomberg).

I think this is a classic example of investor behavior driving stock prices rather than investment fundamentals. For now, this reform talk is all rhetoric. Actual reform measures affecting drug pricing would likely take years to legislate and implement. I won’t speculate on whether Congress would remain under Republican control, or which candidate would become president, but I believe that there is a strong likelihood of continued political divisions and gridlock. This suggests that the power to push through major reforms will be limited.

Markets in autumn have historically seen an uptick in volatility, according to Bloomberg data. Given that we are in the final weeks before the election, we expect volatility to continue in the health care sector. In fact, the issue is top of mind for voters. In a 2016 national survey of registered voters, health care ranked number four on the list of importance behind the economy, terrorism, and foreign policy. With so much focus on the sector, health care companies could continue to pay the price for political rhetoric in the near term.

The need for health care

But it’s important to remember that in addition to valuations and earnings, lifestyle and demographic factors support health care over the long term. First, while we can postpone discretionary purchases like a car or new appliances in dire times, health care is one thing we cannot live without. Meanwhile, an aging baby boomer population means demand for health care services will likely continue to grow. And as advancements in technology ensue, so will the average age in life expectancy, thus furthering the need for health care.

Some options to think about

Stocks in the biotech industry have a history of volatility, and given the election, nothing is certain. Yet, the industry is experiencing a wave of innovation. Within this context, it may make sense for some long-term investors to consider how biotech stocks may fit into their portfolio. Investors with a higher risk tolerance and/or a longer-term investment horizon may want to think about taking advantage of market volatility to find select opportunities in health care and biotech. To gain exposure to health care or biotech companies, investors may want to take a look at the iShares Nasdaq Biotechnology ETF (IBB) or the iShares U.S. Healthcare ETF (IYH).
 

Build on Insight, by BlackRock written by Heidi Richardson

 

Investing in the Age of Populism: a European Equities View

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Investing in the Age of Populism: a European Equities View
CC-BY-SA-2.0, FlickrPhoto: Ministerio de Cultura de la Nación Argentina. Investing in the Age of Populism: a European Equities View

Populism is on the march. The unexpected UK vote to leave the EU, rising support for right-wing politicians in several other European countries, and the surprisingly strong showing by politicians such as Donald Trump are starting to cause jitters amongst investors. Not least because several of these politicians and political movements support ideas that range from mildly damaging to economically illiterate, such as greater government intervention in business, criticism of central bankers and restrictions on immigration and protectionism.

Despite increasing popular support for these unattractive ideas, equity markets have so far held up reasonably well, with the US market still trading near record levels. European markets have also snapped back from their post-Brexit vote blues, but is this stance complacent? And what are the potential investment implications of this populist movement?

Discontent with the status quo

First we should consider what is behind these votes and polls. Popular dissatisfaction with general economic development since the global financial crisis is palpable, caused by stagnation or falls in real disposable income for middle or lower earners. And discontent has been further sharpened by the realisation that almost all of the economic rewards go to a tiny elite. Mostly, these are the failings of globalism, which has delivered cheaper goods but also a deflationary impact on the bargaining power of semi-skilled and unskilled labour in developed countries, as products and services are moved offshore.

But the key point is that this discontent is being directed at national governments, because of the belief that politicians can ‘do something’. More unscrupulous politicians have realised that they can exploit these discontents to further their careers, even if they have no clue how to solve the underlying problems. Remember how prominent Brexiteers in the UK promised that the UK could control immigration and retain full access to the single market – a false claim that was exposed fairly quickly after the vote.

Thankfully, no politician has the power to roll back the effects of globalism – otherwise someone might propose that we all buy locally made clothes or rear our own chickens. Perhaps that sounds like a lovely idea. But on a more serious note, there is still a risk that politicians could come up with increasingly outrageous ideas to try to appeal to voters and to make a difference in a low-growth world. The Brexit debate is a case in point. Is the UK really likely to be a more prosperous place if it becomes significantly less attractive to foreign investors?

The politics of pragmatism

So the key task is to identify politicians who might do real damage and to assess if they really will be in a position to do that damage. The resilience of markets in the face of Brexit and other factors is explained by the expectation (or hope) that relatively sensible people are likely to end up taking decisions, or that the most foolish ideas will not actually be enacted.

In the case of the UK, the finance ministry is being run by the first man to have some actual business experience in at least a generation. And although much of the public rhetoric in the UK seems to be anti-business, a good part of this is probably pre-Brexit negotiation tactics aimed at securing a good deal. There is a difference between what politicians feel they need to say to justify their positions to discontented voters and what they are likely to enact in practice. It is also overlooked that the UK could well remain inside the European customs union – even if it leaves the single market.

If you work on the basis that the most extreme politicians will not get their hands on the controls and that mildly daft ones will be reined in by bureaucrats, then the current market view looks more realistic. There are risks that relatively sensible politicians could try and spend their way out of low growth, especially because we seem to be close to the limits of what central banks can do via quantitative easing (QE) and negative interest rates.

But it is more likely that a few high-profile infrastructure projects or housing schemes will be announced (maximum publicity for the least money) and that much riskier ideas such as ‘helicopter money’ – an alternative to QE that could be anything from payments to citizens to monetising debt – will be avoided. Fears that the EU will fall apart because of Brexit also seem misplaced: history means that other European countries have a completely different view of the institution.

Why pay for nothing?

Back to investment. If you want to get a return on your capital, no-one likes the idea of paying to lend money to a company (thanks for the offer, Henkel and Sanofi, which have both offered debt at negative rates). This only makes sense if you think someone else will buy the debt for an even more negative return.

So it seems that equities are one of the few places that can offer the potential of a real return. And within equities, there are some sensible steps to follow that can help to identify the types of company that should be able to ride out the next few years in a resilient way:

  • Look for basic products and services (tyres, lubricant, shampoo, food)
  • Look for recurring revenues or long-term contracts
  • Don’t overpay for growth – it might disappoint!
  • Find niche products with pricing power
  • Avoid regulatory/tax risk
  • Avoid dependence on a few products or countries
  • Identify beneficiaries of low interest rates (infrastructure)
  • Look for contractors with specialist infrastructure skills (tunnels, bridges)
  • Locate ‘self-help’ stories

Although valuations in Europe are significantly higher than they were two years ago, it is still possible to find solid businesses capable of delivering a cash yield of 6–7% and with opportunities to grow. Unless the political situation really deteriorates, those prospects are some of the best available in a world where low growth and negative rates are likely to continue for some time to come.

Simon Rowe is a fund manager in the Henderson European Equities team.

Eaton Vance to Acquire Calvert Investment Management

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Eaton Vance anuncia la compra de Calvert Investment Management
CC-BY-SA-2.0, FlickrPhoto: Joe Cheng. Eaton Vance to Acquire Calvert Investment Management

Eaton Vance recently announced the execution of a definitive agreement to acquire the business assets of Calvert Investment Management, an indirect subsidiary of Ameritas Holding Company.  In conjunction with the proposed acquisition, the Boards of Trustees of the Calvert mutual funds have voted to recommend to Fund shareholders the approval of investment advisory contracts with a newly formed Eaton Vance affiliate, to operate as Calvert Research and Management, if the transaction is consummated.

Calvert is a recognized leader in responsible investing, with approximately $12.3 billion of fund and separate account assets under management as of September 30, 2016.   The Calvert Funds are one of the largest and most diversified families of responsibly invested mutual funds, encompassing actively and passively managed U.S. and international equity strategies, fixed income strategies and asset allocation funds managed in accordance with the Calvert Principles for Responsible Investment.  As a responsible investor, Calvert seeks to invest in companies that provide positive leadership in their business operations and overall activities that are material to improving societal outcomes.

Founded in 1976, Calvert has a long history in responsible investing.  In 1982, the Calvert Social Investment Fund (now Calvert Balanced Portfolio) was launched as the first mutual fund to oppose investing in South Africa’s apartheid system.  Other Calvert innovations include the first responsibly managed fixed income and international equity funds, and pioneering programs in shareholder advocacy, corporate engagement and impact investing.      

“I am extremely pleased that Eaton Vance has chosen to make Calvert the centerpiece of its expansion in responsible investing,” said John Streur, President and Chief Executive Officer of Calvert. “By combining Calvert’s expertise in sustainability research with Eaton Vance’s investment capabilities and distribution strengths, we believe we can deliver best-in-class integrated management of responsible investment portfolios to investors across the U.S. and internationally.  Eaton Vance is the ideal partner to help Calvert fulfill its mission to deliver superior long-term performance to clients and achieve positive impact.”

“As part of Eaton Vance, we see tremendous potential for Calvert to extend its leadership position among responsible investment managers,” said Thomas E. Faust Jr., Chairman and Chief Executive Officer of Eaton Vance. “By applying our management and distribution resources and oversight, we believe Eaton Vance can help Calvert become a meaningfully larger, better and more impactful company.”

Completion of the transaction is subject to Calvert Fund shareholder approvals of new investment advisory agreements and other closing conditions, and is expected on or about December 31, 2016.  Because the transaction is structured as an asset purchase, liabilities in connection with Calvert’s previously disclosed compliance matters and other pre-closing obligations will remain with the seller. Terms of the transaction are not being disclosed.

 

China Oceanwide To Acquire Genworth Financial

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Genworth Financial pasará a manos de China Oceanwide
CC-BY-SA-2.0, FlickrPhoto: Joey Gannon . China Oceanwide To Acquire Genworth Financial

China Oceanwide Holdings and Genworth Financial, have announced that they have entered into a definitive agreement under which China Oceanwide has agreed to acquire all of the outstanding shares of Genworth for a total transaction value of approximately $2.7 billion, or $5.43 per share in cash. The acquisition will be completed through Asia Pacific Global Capital, one of China Oceanwide’s investment platforms. The transaction is subject to approval by Genworth’s stockholders as well as other closing conditions, including the receipt of required regulatory approvals.

As part of the transaction, China Oceanwide has additionally committed to contribute to Genworth $600 million of cash to address the debt maturing in 2018, on or before its maturity, as well as $525 million of cash to the U.S. life insurance businesses. This contribution is in addition to $175 million of cash previously committed by Genworth Holdings. to the U.S. life insurance businesses. Separately, Genworth also announced preliminary charges unrelated to this transaction of $535 to $625 million after-tax associated with long term care insurance (LTC) claim reserves and taxes. Those items are detailed in a separate press release. The China Oceanwide transaction is expected to mitigate the negative impact of these charges on Genworth’s financial flexibility and facilitate its ability to complete its previously announced U.S. life insurance restructuring plan. Genworth believes this transaction is the best strategic alternative to maximize stockholder value.

James Riepe, non-executive chairman of the Genworth Board of Directors said, “The China Oceanwide transaction is the result of an active and extensive review process conducted over the past two years under the supervision of the Board and with guidance from external financial and legal advisors. The Board is confident that the sale of the company to China Oceanwide is the best path forward for Genworth’s stockholders.”

Upon the completion of the transaction, Genworth will be a standalone subsidiary of China Oceanwide and Genworth’s senior management team will continue to lead the business from its current headquarters in Richmond, Virginia. Genworth intends to maintain its existing portfolio of businesses, including its MI businesses in Australia and Canada. Genworth’s day-to-day operations are not expected to change as a result of this transaction.

China Oceanwide is a privately held, family owned international financial holding group founded by Lu Zhiqiang. Headquartered in Beijing, China, China Oceanwide’s well-established and diversified businesses include operations in financial services, energy, culture and media, and real estate assets globally, including in the United States. Businesses controlled by China Oceanwide have more than 10,000 employees globally.

“Genworth is an established leader in both mortgage insurance and long term care insurance, which are markets that present significant long-term growth opportunities,” added Lu, Chairman of China Oceanwide. “We are impressed by Genworth’s purpose and its focus on helping people manage the financial challenges of aging as well as achieving the dream of homeownership. In acquiring Genworth and contributing $1.1 billion of additional capital, we are providing crucial financial support to Genworth’s efforts to restructure its U.S. life insurance businesses by unstacking Genworth Life and Annuity Insurance Company (GLAIC) from under Genworth Life Insurance Company (GLIC) and address its 2018 debt maturity. In order to close the transaction and achieve these objectives, we have structured the transaction with the intention of increasing the likelihood of obtaining regulatory approval.”

Tom McInerney, President & Chief Executive Officer of Genworth concluded, “We believe that this transaction creates greater and more certain stockholder value than our current business plan or other strategic alternatives, and is in the best interests of Genworth’s stockholders. China Oceanwide is an ideal owner for Genworth going forward. They recognize the strength of our mortgage insurance platform and the importance of long term care insurance in addressing an aging population. The capital commitment from China Oceanwide will strengthen our business and increase the likelihood of obtaining regulatory approval.”

Natixis Global Asset Management and AlphaSimplex Bring Managed Futures Alternative Strategy to Europe

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Natixis Global Asset Management y AlphaSimplex lanzan en Europa su estrategia de futuros gestionados
CC-BY-SA-2.0, FlickrPhoto: Wealth Gail. Natixis Global Asset Management and AlphaSimplex Bring Managed Futures Alternative Strategy to Europe

Natixis Global Asset Management has strengthened its European SICAV range with the launch of a new managed futures fund from one of its leading affiliates focused on alternatives, AlphaSimplex Group, LLC.

AlphaSimplex’s Managed Futures Fund will invest in futures and forward contracts across a broad range of markets including equities, fixed income and currencies and aims to profit from current trends in the markets, taking long positions in assets in a rising price trend and short positions in those that are in a falling price trend. The fund also has indirect exposure to commodity markets.

The new fund will be quantitatively driven with full transparency and will be co-managed by a team of five Portfolio Managers. Although the fund has only recently become available to European investors, AlphaSimplex has a six year track record in the U.S. managing over $3.5bn in its Managed Futures strategy.

“In a world that has become more and more interconnected, correlation has increased”, said Duncan Wilkinson, CEO of AlphaSimplex. We believe this product can be implemented as a strong diversifier in an equity-dominated portfolio.”

Commenting on the new fund, Chris Jackson, Deputy CEO – International Distribution at Natixis Global Asset Management, said: “Through Natixis’ regular investor surveys we believe that individuals are becoming increasingly aware of the need to have an allocation to alternatives within a portfolio. As managed futures are typically uncorrelated to other asset classes, these strategies can be a useful way of diversifying an investor’s portfolio. AlphaSimplex has a solid track record, supported by an experienced team of managers and we believe that this successful offering will resonate well in the European marketplace.”

 

 

 

The UHNWI, the 0.004% of the World’s Adult Population that Control 12% of the World’s Wealth

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Los UHNWI, el selecto club al que pertenece el 0,004% de la población adulta y que controla cerca del 12% de la riqueza mundial
CC-BY-SA-2.0, FlickrPhoto: Pexels. The UHNWI, the 0.004% of the World’s Adult Population that Control 12% of the World's Wealth

According to the World Ultra Wealth Report 2015-2016 produced by Wealth-X, there are 212,615 ultra high net worth (UHNW) individuals globally, holding a combined wealth of US$30 trillion in net assets.

The fourth edition of this leading report on the world’s ultra wealthy population shows almost flat growth in 2015 as the number of individuals with US$30 million or more in net assets grew just 0.6% and total UHNW wealth increased by 0.8%. Despite this meager growth, UHNW individuals, who account for just 0.004% of the world’s adult population, still control 12% of its wealth.

Regional Differences in UHNW Growth Trends

In Europe, the Middle East and Africa UHNW wealth fell 2.4% as equity markets, local currencies and gross domestic product collectively experienced negative net returns. By contrast, Asia-Pacific experienced a 3.9% rise as the ultra wealthy in certain markets continued to benefit from dynamic business expansion and economic growth. In the Americas, it was Latin America, rather than North America, that helped the region achieve a modest 1.5% growth in ultra wealth value.

Across all geographic regions, it is the highest ranks of the UHNW population who are experiencing the most success.  The report highlights that in 2015 billionaires saw their wealth grow 5.4%, more than double the rate of global economic growth, while collectively other tiers saw their wealth shrink by 0.6%.

Driven by Wealth-X’s unparalleled collection of hand curated dossiers on the global UHNW population, the World Ultra Wealth Report contains detailed analysis of the wealthiest individuals in the world with a focus on geography, lifestyle, social networks, philanthropic behaviors, motivations and legacy.

Additional key findings from the report include:

UHNW global wealth is expected to reach US$46.2 trillion by 2020

  • UHNW wealth is expected to grow at a compound annual growth rate of 9%.
  • The UHNW population is expected to exceed 318,000 by 2020.

Female UHNW individuals saw their wealth decrease

  • While the female UHNW population remained steady at 13%, their share of total UHNW wealth fell from 14% to 11% this year. Average female high net worth wealth dropped from US$147 million to US$126.3 million.
  • Male wealth increased 2.4% from US$139.8 million to US$143.1 million, reflecting a greater focus on self-made wealth and a higher-risk asset composition.

Finance, banking and investment remains the top UHNW industry

  • Though its lead among other UHNW industries continues to shrink as manufacturing grows in importance.
  • In two out of three cases, wealth is purely self-made rather than inherited. As wealth matures in younger economies, the transfer of wealth has seen a growing class of second-generation ultra wealthy emerge.

Wealth continues to rise generation by generation

  • The under-30 demographic accounts for just 1% of the world’s ultra wealthy population and 0.3% of global UHNW wealth.
  • UHNW individuals aged 80 or over are seven times wealthier than those under 30 and are worth nearly double that of the average UHNW individual globally.
     

The Two-Track U.S. Economy

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Las dos vías de la economía estadounidense
CC-BY-SA-2.0, FlickrPhoto: Ron Cogswell. The Two-Track U.S. Economy

Many market watchers interpreted the September U.S. jobs report as a bit of a disappointment, as jobs growth came in slightly weaker than expected. But I think it was a decent report, fairly in line with where I expect the U.S. economy to be given that it’s moving on two tracks.

What do I mean by that? We’re currently witnessing a U.S. economy in which both consumption and employment in the services sectors have been amazingly robust, while expenditures and employment in good-producing segments remain softer. The September report showed this longstanding trend is continuing, with strong employment growth in service sectors, such as health care and education, and especially in professional business services (up a strong 67,000 last month). In contrast, the manufacturing sector lost another 13,000 jobs, continuing short-term and long-term trends. In fact, manufacturing employment peaked in June 1979, roughly four decades ago, with nearly 20 million jobs in the sector (or 1 in every 5 employees). At its trough in 2010, there were only 11.4 million manufacturing jobs in the U.S. (or less than 1 in 10 employees).

There are both demographic and technological underpinnings behind this two-track trend, as an aging population and innovations in technology boost employment in service industries that tend to be much more labor intensive.

September’s labor force participation rate numbers are another sign of the trend, showing strong demand for human capital in today’s new economy is sending more people back into the workforce. Indeed, the participation rate has rebounded from 2015 lows, and is now back around 63%. See the chart below. The recent uptick in labor force participation is even more impressive when judged alongside an aging population, as many more people are exiting the workforce today (i.e., retiring) than we’ve experienced in prior decades.

 

The U.S. economy is also running along two separate tracks in another sense. We’ve seen strong employment growth in recent years, but merely decent levels of reported gross domestic product growth. Some say the incredible employment numbers reflect a poor-productivity economy. These arguments suggest that we have needed to hire many more people to produce a relatively smaller amount of goods, as if production and labor output were diminished in their ability to generate aggregate output. I believe this is a misguided interpretation of the economic landscape due to the fact that traditional productivity and output numbers don’t capture the downward influence of new technologies on prices.

The bottom line: The two-track trends evident in the September jobs report are just more signs that the U.S. economy is doing better than headline numbers may imply. So where does this leave us from a monetary policy perspective? The Federal Reserve can, and will likely, move policy rates at its December meeting, barring an unexpected shock to the economy or markets.

Build on Insight, by BlackRock written by Rick Rieder.
 

HSBC clients in Monaco to join CFM Indosuez Wealth Management

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HSBC vende su cartera de clientes en Mónaco a CFM Indosuez Wealth Management
Photo: visitmonaco.com. HSBC clients in Monaco to join CFM Indosuez Wealth Management

CFM Indosuez Wealth Management, which represents the Indosuez Wealth Management network in Monaco, has announced an agreement with HSBC Private Bank to welcome clients from HSBC’s client base in the Principality of Monaco.

The firm said this agreement is in line with Indosuez Wealth Management Group’s strategy to bolster its positions with ultra-high-net-worth-individuals clients in its key markets.

The deal also strengthens CFM Indosuez Wealth Management’s leadership as the largest bank in Monaco.

“The referral process will begin immediately. CFM Indosuez Wealth Management will work closely with HSBC to ensure the smoothest possible process for the clients,” the company commented.

Indosuez Wealth Management had €110bn of assets under management at the end of 2015.

PwC Launches an Education Platform Addressing the Barriers to Financial Investing

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PwC lanza la plataforma educativa Buzz4Funds dirgida a inversores Millennial
Photo: Pixabay. PwC Launches an Education Platform Addressing the Barriers to Financial Investing

European citizens are required, more than ever, to invest their savings on the capital markets to save for their future pension, while contributing to the financing of the European economy. At the same time, financial products and financial regulation are increasingly complex while investor education remain a challenge. In this context, PwC has just launched Buzz4Funds, an education platform dedicated to raising public understanding of financial investing, including through investment funds.

The primary goal for this programme, currently made up of a series of ten videos and a website, is to arm millennial investors with the unbiased and non-commercial information they need to make investing decisions.

“Investor education is complementary to the traditional tools of investment product information, financial reports and other required communications,” says Steven Libby, partner and Asset & Wealth Management Leader at PwC Luxembourg.

The Investor Education video series covers topics ranging from understanding the difference between saving and investing to the red flags of investment to selling.

“These funny videos aim to grab the attention of potential of future investors, triggering their curiosity to visit the dedicated website where they will discover explanations and links to additional material,” explains Nathalie Dogniez, partner at PwC Luxembourg

To watch the videos and discover the related messages, you can visit the Buzz4Funds website.