Thousands of ‘accidental Americans' could be unwittingly caught by the Foreign Accounting and Tax Compliance Act (FATCA) from July, leaving them exposed to US tax liabilities, Vestra Wealth has warned.
Henderson Global Investors has scrapped plans for the creation of preferential share classes in order to offer intermediaries a ‘level playing field.'
New money pouring into the absolute return sector may not provide the protection investors are seeking, as data shows near-record correlations with long-only equity funds.
Royal Mail, which was recently floated on the stock exchange, has announced it is scrapping a total of 1300 roles in a cost-cutting drive, with shares falling as the initial cost of the cuts spooks investors.
Charlie Awdry has cut the number of holdings in his Henderson China Opportunities fund to create a more focused portfolio, while selling his last Chinese property holding as the indebted sector continues to struggle.