money market funds help swell
Money market funds helped BlackRock and JPMorgan retain their positions of largest and third largest fund companies in Europe last year, according to latest data from Morningstar Direct.
Author: Portfolio Adviser
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aviva investors turns its back
Aviva Investors has announced plans to pull back from the UK retail market, cutting 160 jobs in order to focus on its institutional proposition, it has announced.
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increase in outsourcing
Advisers who plan to outsource more of their investment-based advice post-RDR need to consider VAT implications before going forward, according to Assetfirst.
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former-lazard man joins fsa
Former vice-chairman of Lazard & Co, Will Samuel has been appointed to the role of investment banking senior adviser at the FSA.
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regulator casts net wider than etfs
The European Securities and Markets Authority has published its long-awaited consultation paper on ETFs, extending proposals to all Ucits vehicles engaging in ETF-like practices.
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commodity fund allocations same despite turmoil
Commodity managers struggled to even keep up with their benchmarks last year, says Amandine Thierree, yet they are keeping their allocations unchanged, describing 2011 as “just a phase”.
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us seen bowing to pressure on fatca
Bowing to pressure from foreign governments, financial institutions and expatriate Americans around the world, the US is seen to be planning to make significant changes to its unpopular FATCA reporting requirements, which are due to take effect in 2013.
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Feds stance helps risk appetite return
Popularity of emerging markets equity and bond funds surged last week after the Federal Reserve in the US signalled it would keep interest rates at rock-bottom for another three years.
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Butterfield head of private
Butterfield Private Bank has confirmed its head of private banking Danny Dixon and CIO David Stewart have both left the firm.
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Saunders – no such thing as hidden
The IMA’s chief executive, Richard Saunders, has come out against accusations of hidden charges in the funds industry, saying they are a complete myth.
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investors ditch mutual funds altogether
European investors sought no shelter for their cash in mutual funds in 2011, with outflows for the year totalling 119bn across equity, bond and money market funds.
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vanguard overcomes delays to launch
Vanguard is set to list its first exchange-traded products in Europe following delays with regulators and concerns about market conditions for launch, Portfolio Adviser understands.