Another sign of Asia’s increasing importance in the global gold market is news that Singapore is planning to boost its share of global gold trade sevenfold after scrapping taxes on gold, silver and platinum bullion.
“This area has huge potential,” he said. “The revenue will be about $4 billion in 20 years’ time” from the 73 tons and the government will receive $1 billion from tax and royalty payments over that period.
Underpinning demand for bonds, China posted its largest trade deficit in at least a decade, fanning concerns that slowing exports from the world's second-largest economy will lead to lower fuel demand.
The acquisition of WCAM broadens the fund management capability at Liontrust, increases Liontrust's assets under management to more than £2 billion and gives the company one of the strongest ranges of UK equity funds and teams.
Australia's top fund managers earn salaries ranging from $500,000 a year to several million dollars, and some boost their pay packets further through incentive schemes and dividends.
JPMorgan’s global commodities business, led by Blythe Masters in New York, and the Barclays’s unit run by Roger Jones in London, have been expanding through acquisitions and hiring.
In a rarity, demand climbed sharply for all 2012 Infantry Soldier Silver Dollar commemorative products during their second full week of availability, the latest U.S. Mint sales figures revealed.
A Northern Trust survey of 121 institutions, predominantly pension funds, in Europe, Asia and North America, forms the basis of the white paper entitled, Customized Beta: Changing Perspectives on Passive Investing.
The Fund will seek a combination of high income with some long-term capital growth, aiming to outperform the FTSE World Europe Index and deliver a healthy yield to investors. Income will be available quarterly.
Platinum jewellery’s appeal is spreading, driven by China, which accounts for about 68 percent of consumption.
The IAM survey indicates that the trend of insurance companies outsourcing the management of their balance sheets to third party asset managers remains strong. Outsourced general account assets now total $1.21 trillion, an increase of 5.5% from December 2