Daily Wealth Letter from The Wealth Forums 01 June 2016

Markets, Reports — By on June 1, 2016 at 8:46 AM
Ian Brodie

Ian Brodie

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 222  WEDNESDAY,  JUNE 1,  2016

Credit Suisse to close Panama branch

Switzerland’s second largest bank, Credit Suisse, has confirmed that it is closing its private banking operations in Panama.  READ MORE: https://thewealthforums.com/2016/06/01/credit-suisse-to-close-panama-branch/#more-3979

‘Stay away from Indian index’

Quantum Advisors, which picks Indian stocks for Norway’s $860 billion wealth fund, says investors should stay away from index investing in Asia’s fourth-biggest market.  READ MORE:https://thewealthforums.com/2016/06/01/stay-away-from-indian-index/#more-3984

India one of world’s wealthiest nations

India has been ranked among the 10 wealthiest countries globally with total individual wealth of $5, 200 billion, but this is largely owing to its large population, a report said, adding that on a per capita basis, the average Indian is “quite poor”.  READ MORE: https://thewealthforums.com/2016/06/01/india-one-of-worlds-wealthiest-nations/#more-3975

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

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