Daily Wealth Letter from The Wealth Forums 31 Aug 2016

Reports — By on August 31, 2016 at 11:47 AM
Ian Brodie

Ian Brodie

Daily Wealth letter

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

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

NUMBER 286  WEDNESDAY,  AUGUST 31, 2016

Asia hirings chase wealth growth

Pacific Investment Management is seeking to expand in an increasingly affluent Asia. The $1.5 trillion money manager is in the process of hiring more than 20 people in marketing, operations, legal and compliance teams in the next two years to help cover major retail banks in Hong Kong and Singapore. READ MORE: http://thewealthforums.com/2016/08/31/asia-hirings-chase-wealth-growth/

UK women beat men

A new economic study by the University of Stirling and Royal Holloway, University of London has found evidence that there is a big difference in cash flow problems faced by men and women in the UK.  READ MORE: http://thewealthforums.com/2016/08/31/uk-women-beat-men/

Fund withdrawals accelerate

Saudi Arabia isn’t the only oil-dependent nation struggling to make ends meet in the wake of weak oil prices, writes Tyler Durden at zerohedge.com.  For the first time since its establishment in 1996, the Norwegian government is starting to withdraw money from its sovereign wealth fund to cover government expenses.   READ MORE: http://thewealthforums.com/2016/08/31/norways-fund-withdrawals-accelerate/

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

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