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Brits see coronavirus downturn as big threat to retirement plans
Another week, another Wealth Adviser newsletter complete with more coronavirus-related content…
This time we look at a new survey from Sanlam which reveals that almost one-third of Brits now see a serious economic downturn caused by the Covid-19 pandemic as the biggest threat to their retirement goals. Somewhat ironically, the number of those who see illness as the major cause for concern has fallen from 21 per cent to 14 per cent…
The pandemic though hasn’t hit the future plans of many US financial advisers, according to Northern Trust, with a survey by the company’s FlexShares ETFs division finding that 42 per cent are planning to press ahead with the recruitment of new staff ‘during or soon after’ the current market downturn.
ITI Capital meanwhile, a global financial services provider for both institutional investors and private clients, has launched a new digital wealth management offering for investors during the Covid-19 crisis, which employs AI to provide instant online access to financial and investment advice.
In virus-free news, we also look at new research from FE fundinfo which reveals that almost half (49 per cent) of UK financial advisers now offer a centralised retirement proposition, an increase of 14 per cent since 2019, while Brave New Coin has launched BNC Pro, a new digital wealth management platform for digital assets investors which employs the same data used by NASDAQ and Dow Jones Factiva.
Wealth Adviser
Companies in this issue BlackRock Brave New Coin CI Investments EquityZen FlexShares InsideBitcoins ITI Capital LHA ROBO Global Sanlam Water Island Capital
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Global ETF launches 14-21.05.20 | Thu | 21 May 2020, 15:52 | The pick of this week’s new ETF launches saw veteran event-driven manager Water Island Capital make its debut in the space with the AltShares Merger Arbitrage ETF, which is designed to offer exposure to a proven, ‘pure play’ merger arbitrage strategy capable of capitalising on the idiosyncratic opportunities in today’s uncertain environment. Elsewhere, CI Investments debuted an Altrenative Enhanced Yield ETF, LHA launched the second in a planned Market State Shares family of alternative ETF strategies, while BlackRock launched a new iShares Corporate Bond ETF on Xetra and ROBO Global listed its AI fund on the NYSE… |
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| Better labelling of ETPs is long overdue Morningstar’s Director of Global ETF Research, Ben Johnson, agrees with the spirit of an industry coalition proposal to improve the labelling of ETPs, but not the specifics… |
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