ecb pumps 530bn into banks
The European Central Bank pumped 529.5bn more into financial institutions in the form of three-year loans it was revealed today, as the second LTRO attracted more demand than its predecessor in December.
The European Central Bank pumped 529.5bn more into financial institutions in the form of three-year loans it was revealed today, as the second LTRO attracted more demand than its predecessor in December.
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Morningstar UK has announced the winning funds and fund groups of its Fund Awards 2012, with Newton and First State among the familiar firms receiving accolades.
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OBSR today announced the downgrading of the Fidelity Moneybuilder Global and Fidelity Wealthbuilder funds, both from AA to A.
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UK equities have had a tough decade, but with valuations at depressed levels, the likelihood of rising inflation will sort the wheat from the chaff, says BlackRock’s Nick Little.
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Investors need to get away from the index and “get the hell out of the UK” in order to achieve asymmetric returns, according to Alan Burnett, head of UK intermediary business at Martin Currie.
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Henderson Group saw AUM jump by £2.7bn and profits up by 58% in the full year to 31 December as its post-Gartmore absolute return offering drew investors in.
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SPDR is to list three new ETFs in the UK tomorrow, two dividend-focused funds and one FTSE All Share fund, each with a TER of 0.30%.
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Due at the tail end of last year, the FSA finally published its Policy Statement (PS12/3) aimed at clarifying one of the largest unresolved issues surrounding the implementation of RDR legacy and trail commission.
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Newton has expanded its private client team with the appointment of Clare Huijnen as an investment manager, joining from HSBC Private Bank.
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Fund group GAM has announced plans to purchase Arkos Capital, a Swiss long/short investment firm with CHF664m in assets under management.
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Last year saw a contraction in the number of funds for only the second time in the past decade, according to Lipper’s annual European Fund Market Review.
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Fidelity is to launch a Global High Yield Fund on 19 March which will tap into the growth of high yield issuance in Europe and Asia as well as the more traditional market of the US.
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