Redemptions still ‘too high’ for Aviva investors
Mark Wilson, group chief executive officer at Aviva, said the group’s investment arm continues to make progress on its turnaround, but that redemptions remained ‘too high’.
Author: Cherry Reynard
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Competitive review a concern, says Henderson’s Formica
Andrew Formica, chief executive of Henderson, says that the upcoming FCA competitive review of the asset management industry is his greatest regulatory concern.
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PA ANALYSIS: Are emerging markets at rock bottom?
Emerging markets may look cheap relative to their history, but investors have been slow to call the nadir while there remains no obvious sign of economic improvement.
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Fixed fee structures more popular with high net worth clients, find survey
High net worth clients are likely to demand fixed fee structures rather than charges calculated based on their asset levels, found the fourth 2015 Futurewealth report by NPG Wealth Management, SEI and Scorpio Partnership.
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Kames shifts EM positioning
Kames has moved its portfolios from underweight to a neutral weighting in emerging markets equities and bonds, after distressed valuations presented a buying opportunity.
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Invesco Multi-asset team predicts further weakness ahead
The Invesco Perpetual Global Targeted Returns fund is positioned for further volatility across asset markets, believing that the problems in China and other emerging markets will exert a drag on the cyclical recovery.
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Axa Wealth sees hike in new business
AXA Wealth saw new business rise 46% to £578m, driven by strong growth from its corporate investment business.
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Aberdeen’s head of distribution departs
Aberdeen Asset Management has announced the departure of its head of global distribution John Brett.
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Active managers have good year, but lag in the long-term
It’s been a strong year for active managers in the UK, with 82% outperforming the S&P UK benchmark index in the 12 months to 30 June 2015.
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Lombard Odier hires Coutts head to lead UK
Lombard Odier has poached Duncan MacIntyre from Coutts & Co to become chief executive officer of its private client business in the UK.
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Rise of passives risks diminishing shareholder influence
Three-fifths of UK and European institutional investors expect the rise of passive investment vehicles to have a negative impact on shareholder engagement, reported the latest paper in the Hermes Investment Management Responsible Capitalism survey.
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PA ANALYSIS: ‘Dead’ platforms need to reform to survive
Platforms have not yet lived up to their potential to be genuinely transformative for advisers, finds a new report from the Lang Cat. It says the promise to make the delivery of advice more efficient and responsive has, at best, been only partially fulfilled.
