Vanguard has reopened its International Explorer fund and Precious Metals and Mining fund to new shareholder accounts. “The financial market environment has changed considerably since we closed the funds, which at current asset levels are in a position to accept additional cash flows,” said Vanguard CEO, F. William McNabb III. Vanguard closed the International Explorer Fund in August 2004. The fund, which focuses on the stocks of small companies based outside the US, has US$1.5bn in assets. The Precious Metals and Mining Fund invests in the stocks of foreign and U.S. companies engaged in the exploration, mining, and distribution of gold, silver, platinum, diamonds, and other precious metals and minerals. The fund, which has US$3bn in assets, was closed in February 2006. The International Explorer Fund requires a minimum initial investment of US$25,000 to open a new general, IRA, or custodial account. The minimum initial investment for all accounts in the Precious Metals and Mining Fund is US$10,000.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.