Mixed asset sector sales surge in uncertain June
Investors sought out asset allocation expertise in June as targeted absolute return funds moved back into poll position in the retail sales stakes, the Investment Association said on Wednesday.
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Author: Geoff Candy
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Performance fees power Jupiter amid turbulent markets
A sharp jump in performance fee income boosted Jupiter Fund Management’s profit numbers for the six months to end June, despite adverse market performance in the second quarter.
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SJP jumps into DFM space with Rowan Dartington acquisition
St James’s Place have bought Rowan Dartington for a cash consideration of as much as £34m, the firm announced on Tuesday.
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GDP rebound strengthens case for UK rate hike
UK GDP is estimated to have grown 0.7% in the second quarter the Office for National Statistics said on Tuesday, up from 0.4% reported for Q1.
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UK elections, poor sentiment see Rathbone inflows slump
Concerns around the outcome of the UK election weighed on investor sentiment and net inflows in the first half of 2015, Rathbones said on Tuesday.
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PA ANALYSIS: Navigating earnings season snakes & ladders
Shares in Reckitt Benckiser rose more than 1.5% on Monday after it produced a strong set of first half numbers.
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Mid-cap bias behind White List reshuffle
The strong performance of small and mid cap stocks helped push those income funds that focus on that side of the market to the top of the Sanlam White List.
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PA ANALYSIS: Is it time to rethink mega caps?
Anglo American CEO, Mark Cutifani made it clear at the group’s interim results presentation on Friday that the mining sector is currently facing one of the toughest periods he has seen so far in a 40-year long career. And, the sector’s woes have a way to run still.
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Bond squeeze: The rising risk of policy misstep
Turbulence in bond markets has left bond investors nervous and cash piles high but while more movement is expected, certainty on a few issues could see investors moving back into the market during the second half of the year.
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Aberdeen shares slump on outflows
Shares in Aberdeen Asset Management fell 6.6% in early trade after reporting a 7% drop in assets under management and £9.9bn in net outflows in the quarter to end June 2015.
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BlackRock’s Plackett to retire at year-end
Richard Plackett will retire from fund management at the end of the year, after 25 years in the industry BlackRock said on Wednesday.
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Nikko launches two UCITS funds to bolster EMEA business
Nikko Asset Management has announced the launch of two UCITS funds: a global equity fund and a global multi-asset fund.