Regions

Italy's Intesa Sanpaolo has announced the opening of a subsidiary bank in Saõ Paulo, Brazil in the next months.

Conservative Portfolio Management (CCPM), a Bad Homburg, Germany based asset manager has launched TriStone UI, a new multi asset fund within its existing range of absolute return funds.

Italy's networks of advisers posted €2bn into asset management products in May, industry association Assoreti has revealed.

Aberdeen Asset Management has signed an agreement with Gruppo Banca Sella to distribute its Luxembourg-domiciled fund range in Italy.

Duemme Sgr's SMEs fund made its first investment by buying Selle Royal's mini-bond.

With $25.8bn inflows in the first five months to the European ETP industry, Simone Rosti, executive director, head of UBS ETF Italy, says the company is poised to launch more products on the Italian market.

Michael Hasenstab, CIO, Global Bonds at Franklin Templeton's Fixed Income Group explains why Hungaria is an attractive case for unconstrained, contrarian investments in fixed income.

German business confidence declined in June from 110.4 to 109.9 points compared to May and reached a 6 month low, according to the monthly Ifo business confidence index.

Italy's independent asset manager Azimut has signed a joint venture agreement to acquire 82.14% of Profile S.A., which owns Mexican independent asset manager Más Fondos.

Italy's asset management industry posted €7.1bn inflows in May, industry association Assogestioni revealed.