nasdaq finishes up following glitch
The Nasdaq closed up just over 1% after trading resumed following a glitch which froze the index for over three hours.
Author: Portfolio Adviser
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structured product providers know customer
StructuredProductReview.com's Ian Lowes says while there could be greater innovation in the structured product market, it is investors' lack of risk appetite dictating the the terms on offer.
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sven goran eriksson declares adviser hatred
Former England football manager Sven-Goran Eriksson only hates one person, and that is Samir Khan the financial adviser who he claims swindled him of £10m between 2007 and 2010.
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will carney seize on greater uk growth
UK economic growth in Q2 has been revised upwards to 0.7% from a first estimate of 0.6%, prompting commentators to ask whether Bank of England governor Mark Carney’s monetary policy will be affected.
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bramson relinquishes chair
Edward Bramson, who became chairman of F&C Asset Management after he engineered a boardroom coup back in February 2011, has stepped down from the board allowing Kieran Poynter to be appointed in his place.
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RBC GAM hires HK based head of Asian equities
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has poached JP Morgan Asset Management's Mayur Nallamala as a senior portfolio manager and head of Asian equities.
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five corporate bond funds bludgeoned
We were warned about the 'Great Rotation' and the start of a bond bear market in the final quarter of last year, so which funds have been hit hardest over the past six months?
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eurozone recession – all over
Swip's chief economist Lucy O'Carroll discusses whether the eurozone's official exit of recession means it is truly out of danger.
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ignis makes progress in third-party turnaround
Ignis Asset Management has reported stable profits in the first half of 2013, flat year-on-year at £19m, while third party inflows nudged towards £1bn.
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ex-axa leeson launches adviser tech support
Richard Leeson, who until earlier this year was sales and marketing director at Axa Wealth International, has launched a new business that aims to help UK and international financial advisers with technical support, as well as with “business generation ideas, business development with professional connections, and a range of added value products and services”.
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ems will not see a 90s replay
The collapse witnessed in many emerging market assets in the 1990s will not be repeated because the region is suffering a cyclical rather than a secular bear market, Investec’s strategist Max King has argued.
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advisers bump up uk equity
Allocation to the UK stock market in portfolios for aggressive investors increased from 28.8% to 31.18% in the six months to August, as advisers became more bullish on the sector’s prospects.