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The average total expense ratio for equity ETFs in Europe is around 51 basis points (bps) lower a year than the average equity index tracking fund, according to BlackRock.
The amount raised by companies from equity capital markets during the first half of the year was the lowest in five years.
Both Standard Life and Clerical Medical have this morning announced further cuts to bonus rates on their with profits policies, and SL warns members should expect rate cuts to continue.
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