Jamaica Gleaner: Investors flee unit trusts
Jamaican investors pulled an estimated $5 billion, or around 30 per cent of their capital, out of unit trusts last year – and the trend seems set to continue, even as managers of the mutuals insist they remain good investment vehicles for people not in a hurry to realise returns.
Jamaica Observer: “Dangers Facing CARICOM”
BRIDGETOWN, Barbados – Since state intervention in Trinidad and Tobago against CLICO and its financial groups to protect investors and policy holders, three other Caribbean Community (Caricom) governments have successfully moved to the courts to place this giant regional conglomerate under judicial orders in the management of its assets and funds.
Clifford, CNNMoney.com: “U.S. Recession to end in within 2 years – survey”
Independent financial advisors see a light – however dim – at the end of the current recession tunnel, according to a new survey. In an online study conducted for Charles Schwab, 85% of advisors believe the downturn will end within the next two years. Fifteen percent see it going longer.