ifaonline As Robert Gaines-Cooper finally loses his appeal in his long running battle with the Revenue to establish that he ceased to be UK resident almost 20 years ago, attention is now turning to the proposed new statutory residency test due to come into effect in April 2012. ifaonline ING Investment Management (ING IM) has launched a Luxembourg-based fund providing an opportunity to invest in high quality, dividend paying stocks in emerging markets ifaonline Managed by Helen Lam, the Luxembourg-based fund offers investors a direct, cost-effective and low risk way to benefit from the strenghening of the Chinese Renminbi (RMB) versus the US dollar. ifaonline Swiss bank account holders who have legitimate reasons for keeping their money offshore may still be on the taxman's hit list, accountants warned. ifaonline VAM Funds is launching a Luxembourg-based UCITS IV A share class of its International ex-USA Growth fund. ifaonline Fairbairn Trust Company, has appointed Geoff Trebert as Business Development Manager for Guernsey and Jersey. ifaonline Threadneedle's new US contrarian fund will target large cap US stocks in the bottom third of their 52-week price range. ifaonline A report by anti-poverty charity ActionAid revealed that a quarter of the UK's top 100 companies have offshore subsidiaries and has called for an end to tax haven secrecy. ifaonline Lucent Group says the supportive political and demographic fundamentals in the UK is set to see the outperformance of land as asset class. ifaonline Latest data from the European Fund and Asset Management Association (EFAMA) shows how investors fled the turmoil of the financial markets for safer havens - notably turning to money market funds.