Daily Wealth Letter from The Wealth Forums 25 May 2016

Associations, Communication, Markets, Reports — By on May 25, 2016 at 12:47 PM
Richard Moir, The Wealth Forums CEO

Richard Moir, The Wealth Forums CEO

 

DAILY WEALTH LETTER

 a daily synopsis of wealth news that’s most relevant, timely and dependable

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

NUMBER 218  WEDNESDAY,  MAY 25,  2016
Icy winter forecast for HK gold sales

Gold sales by retailers in Hong Kong are forecast to experience in 2016 the worst downturn in at least 15 years as fewer mainland shoppers spend less money on jewellery. READ MORE:https://thewealthforums.com/2016/05/25/icy-winter-forecast-for-hk-gold-sales/#more-3899

German wealth managers aware of robo threat

Over 86% of German wealth managers working with high net worth individuals believe that they will lose market share to automated investment services over the next two years, according to financial services research and insight firm Verdict Financial.  READ MORE: https://thewealthforums.com/2016/05/25/german-wealth-managers-aware-of-robo-threat/#more-3904

Brazil to close wealth fund

Eight years after it was founded, Brazil’s sovereign wealth fund is poised to finally serve its country – by shutting down.  READ MORE: https://thewealthforums.com/2016/05/25/brazil-to-close-wealth-fund/#more-3910

Wealth Fund steps in to save Riyadh’s financial centre

Saudi Arabia’s Public Investment Fund is likely to make an offer next month to buy Riyadh’s unfinished financial hub as the government attempts to rehabilitate a project plagued by delays and cost overruns. READ MORE: https://thewealthforums.com/2016/05/25/wealth-fund-steps-in-to-save-riyadhs-financial-centre/#more-3915

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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