Cheapest ETF in Europe launches
Lyxor Asset Management is launching the cheapest ETF in Europe this week, bringing prices in the UK and the Continent in line with US products.
Author: Jessica Tasman-Jones
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Virgin tracker with 1% fee dominates Aberdeen Standard deal
Three-quarters of the assets Aberdeen Standard Investments will be managing for Virgin Money sit in the UK’s costliest tracker.
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Findlay Park sheds Latam fund to focus on US strategy
Findlay Park has announced it is shedding its $475m Latin American fund to focus on its flagship $11.5bn American fund.
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Miton boss dismisses extending tiered fees to Oeics
Miton chief executive David Barron has dismissed extending tiered fees on investment trusts to the boutique manager’s open-ended range, arguing fixed ad valorem fees are easier to understand.
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FCA: Third of closet trackers have made improvements
The FCA says a third of the 64 funds that came under fire for closet tracking have made improvements in an online update.
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Miton inflows recover from star manager exits
Miton’s latest annual results show sales at the boutique firm recovering in 2017 compared to the previous year, when the departure of star fund manager duo George Godber and Georgina Hamilton led to significant outflows.
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JPMAM variable fee leaves room for further economies of scale
JP Morgan Asset Management’s decision to pass on some economies of scale through its operating expense fee is being welcomed as a step in the right direction, but asset managers should be re-examining their annual management charge in order to truly provide value for investors.
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Hostile bid for GKN splits fund managers
A hostile bid for GKN by Melrose Industries shows signs of splitting fund managers with Jupiter’s head of equities against the takeover, while Aviva Investor’s chief investment officer is in favour.
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Are regional emerging market funds making a comeback?
Emerging market equities is one of the few asset classes where investors are still seeing value, but as the asset class makes a comeback investors have different takes on whether to allocate to regional funds or leave geographical allocation to portfolio managers.
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OMGI profits soar 153% ahead of spin out
Old Mutual Global Investors’ adjusted operating profit soared 153% in 2017, according to Old Mutual Wealth’s annual results.
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Brexit and Remain voters show investment biases
Brexit voting regions are more likely to favour UK equities over eurozone equities, while the opposite is true for Remain voting regions, according to the latest investor sentiment survey from Lloyds Private Bank.
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Lyxor eyes Commerzbank ETF business
Lyxor Asset Management parent Societe Generale is reportedly seeking to bulk up its ETF offering as it enters talks to buy Commerzbank’s equities, markets and commodities division.