Jupiter suffers £2.3bn redemptions as investors shun bond fund
Jupiter has continued to suffer outflows in the second quarter as investors remain standoffish from its multi-billion pound Dynamic Bond fund.
Jupiter has continued to suffer outflows in the second quarter as investors remain standoffish from its multi-billion pound Dynamic Bond fund.
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Schroders’ asset management arm delivered zero net new business over the first half of the year against what the firm said was a challenging time for markets.
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Brooks Macdonald managed to grow assets in the past quarter, recovering from a sizeable hit to performance at the start of the year.
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Invesco Perpetual has launched a low-cost multi-asset range aimed at advisers following ongoing pressure on fees from cheaper alternatives.
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Jupiter and Schroders are forecast to report more outflows in Q2 as many retail giants struggle to retain assets.
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Transact’s total funds hit £32bn over its third quarter reporting period despite seeing higher outflows.
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Billion pound funds from Twentyfour Asset Management and Schroders’ US small and mid-cap manager Jenny Jones have sunk from the top to the bottom in FE’s latest rebalance.
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Martin Currie has brought former global equity manager Paul Sloane back into the fold as its hiring spree continues.
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Schroders has announced it will bring the pricing of a number of its unit trust funds in line with a single pricing structure but it is unclear whether this will be cheaper for investors.
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Standard Life Investment’s Global Absolute Return Strategy (Gars) has admitted prepping too early for the end of the cycle and vented about the level of media attention on its multi-billion pound outflows.
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Hermes Investment Management’s Gary Greenberg is launching his second emerging markets vehicle, which will focus on small to mid-cap companies, at a time when investors are pulling money out of emerging markets.
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The Financial Conduct Authority has taken aim at risk-targeted model portfolios in its platforms study, which has sparked calls for platform providers to re-evaluate “subjective” branding and the amount of information they disclose.
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