Including: GLOBAL - Emerging Markets ETF launch; EUROPE - Euro property outlook sunny, UK - PRAG releases accounting guide
GLOBAL - Emerging Markets ETF launch
Lyxor Asset Management (LAM) has announced the launch of four new Exchange Traded Funds (ETFs) exclusively for investment in emerging markets. The funds – Lyxor ETF Russia, Brazil, Asia Pacific ex-Japan and China Enterprise – have been designed for institutional investors and have total expense ratios of 0.65%.
EUROPE - Euro property outlook sunny
Close Investments (CI) have reported on the prospects for the European commercial property market. Strong Eurozone growth of 2.2%, combined with low unemployment and the strong housing market has contributed to a buoyant outlook for property investment. Despite market fluctuations, CI reported that European rental returns were set to be higher than in the UK.
UK - PRAG releases accounting guide
The Pensions Research and Accounting Group (PRAG) has released a booklet for pensions accountants incorporating the latest guidelines on the disclosure of derivatives. The advice in the booklet, “Accounting for Derivatives in Pension Schemes”, was consistent with the Standards of Recommended Practice (SORP) and brings pension schemes into line with the rest of the investment management industry.
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.