Mid-tier fund houses are hot on the heels of Blackrock in the eyes of fund buyers as the US behemoth slips from favour for a second year running, according to the latest brand ranking from asset management consultancy Mackay Williams.
Heartwood Investment Management has added two lower-risk strategies to its sustainable multi-asset range.
Yields on the US 10-year treasury were last at 3% in January 2014, but with the US Federal Reserve set to hike rates at least three times this year industry insiders argue it’s matter of when, not if, they will again break that barrier.
Markets are creating a ticking time bomb for advisers outsourcing investment business to discretionary investment managers under the agent as client model with a downturn likely to highlight shortcomings that have previously been ignored.
Templeton Emerging Markets Investment Trust’s incoming lead manager has described Mark Mobius as his mentor and said he will never view him as a competitor, despite the legendary emerging markets investor establishing a rival fund following his retirement from Franklin Templeton.
Blackrock Throgmorton shareholders have voted for an expanded investment universe, which includes more Aim-listed companies plus small-cap opportunities in Europe.
An Old Mutual fund is on course to become the UK’s dearest tracker as Aberdeen Standard Investments hints it will shake up Virgin Money’s costly rival product and Columbia Threadneedle shuts its FTSE All Share index fund.
Hermes chief executive Saker Nusseibeh has delivered a damning verdict on the UK’s negotiating hand one year since it officially announced it was wrangling its way out of the European Union.
The Bank of England has voted seven-to-two to keep rates on hold at 0.5%, but the government’s recent signing of a Brexit transition deal means markets consider a May hike a done deal.
Pictet Asset Management has launched an unconstrained fixed income fund targeting up to 8% returns over cash.
A letter from Insight Investment calling for greater green bond issuance from banks highlights the lack of depth in the green bond space, despite the market growing significantly over the last year and the first green bond funds reaching their three-year track record.
A US asset manager is on the brink of announcing a £400m takeover of Hermes Investment Management.
