PA ANALYSIS: Brexit muddying the inflation waters
A vote to leave the European Union would most likely result in a material slowing of growth and a notable rise in inflation, the Bank of England said on Thursday.
Author: Geoff Candy
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First State expands climate change disclosure
First State Investments has begun disclosing its exposure to climate risk across a number of asset classes.
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Adjusted earnings measures becoming “increasingly misleading”
Companies are employing a growing number of ‘innovative’ accounting measures and, as a result accounts are becoming increasingly misleading, the chairman of the International Accounting Standards Board has said.
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Cash flow key to current holdings – Axa IM’s Thomas
Cash flow remains the focus for Nigel Thomas, as worries over growth and the lack of policy tools persist.
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PA Opinion: Finding the line between the ‘new normal’ and the not normal
The news this past Wednesday that Barclays is once again offering 100% LTV mortgages, albeit with significant strings attached and hoops to jump through, brought memories of the financial crisis flooding back.
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Competition will shrink funds universe, says Hillenbrand
Rising competition and a low-growth, low-return environment will shrink the number of funds offered by asset managers in coming years, predicts Henderson’s Simon Hillenbrand.
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Fidelity rises despite industry’s ‘worst Q1 in over 20 years’
Continued growth in the Fidelity Moneybuilder and global dividend franchises helped the firm to its best net retail sales showing in over a decade.
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Columbia Threadneedle’s Harrison to step down
Leigh Harrison, will step down from his role as head of equities, Europe at Columbia Threadneedle at the end of June.
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Reliance Capital sets sights on UK DFMs with new Indian-focused UCITS fund
Cohesion Investments has partnered with Indian asset manager Reliance Capital to launch the India Equities Portfolio Fund.
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Standard Life buys Elevate as Axa confirms further UK disposal discussions
AXA has agreed to sell its wrap platform business to Standard Life and has confirmed it is in talks to dispose of its remaining UK life and savings assets.
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Dividend stays put but HSBC profits drop
HSBC’s executive management was at pains to put to rest concerns the bank might look to cut its dividend.
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Flows flee European equity post ECB corporate QE – BAML
European equity funds reported $4.8bn in outflows last week, the largest in 80 weeks, Bank of America Merrill Lynch revealed on Friday.
