Do politics and investing mix? Well the ‘Make America Great Again’ ETF is due to launch in the US and will test the proposition. The Point Bridge GOP Stock Tracker ETF will have the ticker 'MAGA' which as we all know stands for Make America Great Again. It will invest in in companies which have employees or activities which are highly linked to Republican candidates for election to senior positions. Are the President, his MAGA slogan and the Republican party all in the same party? Well that would be one of the gentler questions.
Citywire has one of those sponsored areas but this one looks very useful as it examines the huge challenges for advisers on MiFID II. It is likely to have a big impact on all advisers and not just MiFID firms.
Forty five ex-football stars are among those suing Ingenius Media over its film scheme claiming it was missold and left them facing big tax liabilities.
An FCA consultation paper may allow interest only mortgages to be sold to retirees suggesting it has found a regulatory barrier to helping older borrowers with maturing interest-only mortgages and those wanting to release equity from homes without interest roll-up. It may amend MCOB rules on acceptable repayment strategies to include the sale of a property when certain life events occur.
IFAs fear a scam, with a product offering 40% returns guaranteed. The gmail address is not giving them confidence either.
Radio Four’s Paul Lewis suggests the cold calling ban leaves him cold. This reviewer thinks he's being far too grumbly
Soc Gen’s resident bear Albert Edwards is even more bearish than he was a few months back. He expects a big recession and deflation in the US although in addition in something that may seem counter-intuitive he wants interest rates to rise fearing that otherwise the Fed will be left without significant policy tools. Among other things, he says European and US ten year bond yields will converge to those of Japan.
Pollsters YouGov say that home owners are happier than renters as Mortgage Strategy reports.
Scottish Widows has asked that employers and trustees be given an exemption from a big data protection shake up known as the General Data Protection Regulation – an EU law - to allow them to continue to drive important communications with members.
Theoetically by next May, many businesses will need have obtained permission to contact clients. Wonder if there will be a compromise here.Back to News