Invest Offshore

Author: Aaron

  • Online forex trading seen soaring by 2007 – U.S. study

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    NEW YORK – Foreign exchange trading through Internet-based or electronic systems (online forex trading) is expected to grow sharply by 2007, according to a study released on Wednesday by research firm Celent Communications. [box]Electronic currency trading is split between the dealer-to-client segment, where banks trade with institutional customers, and the interbank market, where banks trade…

  • Fund interest keeps red-hot metals near highs

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    SINGAPORE – Industrial metals traded close to multi-year highs on Thursday as funds flocked to red-hot commodity markets and a bruised U.S. dollar made copper a more attractive buy for overseas investors. Star performer zinc, up more than 12 percent since the start of the year, traded around a 7-1/4-year peak and copper crept $10…

  • UBS seeks to invest more in China

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    UBS has sufficient demand from clients to warrant further increases in the amount it is investing in China’s domestic stock and bond markets, Leon Brittan, vice-chairman of UBS Investment Bank, said yesterday. Such additional investment by the Swiss-based bank was mainly being held back by regulatory issues. “There is no shortage of demand [from clients],”…

  • China’s first exchange-traded fund starts trading

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    BEIJING, Feb. 23 — The mainland’s first exchange-traded fund, or ETF starts trading Wednesday on the Shanghai bourse. The move is aimed at helping to develop the nation’s fledgling stock markets. More than six billion units of Shanghai 50 ETF’s are being listed on the Shanghai Stock Exchange on Wednesday. The index ETF funds are…

  • JPMorgan Unveils New U.S. Mutual Fund Family

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    Integration of JPMorgan Funds and One Group Funds Creates 5th Largest Fund Family in the U.S. NEW YORK, Feb. 22 /PRNewswire-FirstCall/ — JPMorgan Asset Management (NYSE: JPM – News) today announced the official completion of the integration between JPMorgan Funds and One Group Mutual Funds, marking the largest mutual fund merger in the history of…

  • Isle of Man to cap income tax

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    THE Isle of Man is planning to increase its already large number of tax exiles by imposing a cap on income tax. [box]The Irish Sea island, famous for its annual TT motorbike race, is keen to attract high net worth individuals who want to reduce their income tax liabilities.[/box] Treasury Minister Allan Bell said he…

  • A Slow Boat to Yuan Devaluation

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    With a too-hot economy, China knows it has to change its fixed currency system. But all options are risky, hence Beijing’s foot-dragging “Soon,” “someday,” “drop dead” — such are the responses from Beijing officialdom when asked for the umpteenth time about when China will overhaul its fixed currency regime. One hopeful remark electrifies the currency…

  • A tidy but risky global investment vehicle

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    U.S. depositary receipts are a pure investment play But beware lack of liquidity, effects of exchange rates. Want your investment portfolio to keep time with the sizzling hot emerging markets of India and China, but you’re leery of the fee structures woven into many mutual fund products? Ideally, Canadian investors would be able to play…

  • Sharia law says money cannot be regarded as a commodity

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    Can money be called a “commodity”? What do Islamic scholars say about this idea? Before we get to these questions, let us briefly go over some important points regarding how Islamic banks differ from conventional banks the whole focus of our ongoing discussion through this column over the past few weeks. An Islamic bank deploys…