A global asset allocation portfolio, efficient market access, modern bond market and innovation can propel global bond ETFs to cross the $2trn threshold by 2024, cited the latest study by BlackRock.
Open-ended funds marketed in Italy saw net outflows of €2.3bn in May after the €3.2bn recorded in April, according to latest statistics from Assogestioni, the Italian association of asset management professionals.
LGT, the private bank owned by the royal family of Liechtenstein, has acquired a controlling stake in Validus Wealth, an Indian wealth management firm, gaining a foothold in India’s growing market for high-net-worth private clients.

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