Daily Wealth Letter from The Wealth Forums 18 Oct. 2016

Reports — By on October 18, 2016 at 11:43 AM
Richard Moir, The Wealth Forums CEO

Richard Moir, The Wealth Forums CEO

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 320  TUESDAY,  OCTOBER 18, 2016

Norway’s fund urged to up equities share

Norway’s sovereign wealth fund should raise its share of equities investments to 70 percent from 60 percent, the majority on a government-appointed commission will say on Tuesday, daily Dagens Naeringsliv reported, citing unnamed sources.  READ MORE: http://thewealthforums.com/2016/10/18/norways-fund-urged-equities-share/

Australia’s wealthiest woman fights children’s trust fund

Australia’s richest woman, Gina Rinehart, has started new litigation against her children’s trust fund to prevent it from receiving millions of dollars in royalties from a Rio Tinto joint venture.  READ MORE: http://thewealthforums.com/2016/10/18/richest-australian-woman-fights-childrens-trust-fund/

Lower pound feeds higher prices

The rise in the UK’s inflation rate to 1% last month is just the start, Larry Elliott writes in the Guardian. The cost of living is certain to increase noticeably over the next 12 months and likely to peak at about 3%, perhaps even a bit higher.  READ MORE: http://thewealthforums.com/2016/10/18/lower-pound-feeds-higher-prices/

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

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