lgim retail fund flows slump
Legal & General Investment Management’s retail business saw new fund flows more than half in the first nine months of 2011, year-on-year, even as the firm’s total AUM grew.
Legal & General Investment Management’s retail business saw new fund flows more than half in the first nine months of 2011, year-on-year, even as the firm’s total AUM grew.
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Bramdean Asset Management (BAM), which was caught out in 2008 due to investments in Bernard Madoff’s fund, has confirmed it is planning to launch an online funds supermarket called beesandhoney.com.
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Threadneedle Investments today announced the details of the transfer of LV= retail funds, confirming no fund managers would be moving with their mandates and hinting further changes were to come.
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Bill O’Neill assesses the picture painted by Q3 earnings reported from companies either side of the Atlantic.
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Barclays Wealth saw pre-tax profit for the first nine months of the year jump 25%, compared to the same period last year, due to a boost in its High Net Worth business.
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Portraying gold as a risk diversifier in investors’ portfolios is dangerous, according to Gary Reynolds, director and chief investment officer at Courtiers.
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Coutts & Co is to drop the RBS branding from its international business from tomorrow, it has been confirmed.
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Threadneedle’s Global Focus Fund is to see its third manager this year, with the appointment of Neil Robson to the firm’s Global Equities Team.
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High yield bond funds saw record inflows of $4.7bn last week as risk appetite returned among investors.
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Euphoria seen on Thursday after the announcement of a three-pronged eurozone deal has retreated today to leave the FTSE 100 and other European indices trading in negative territory.
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Responsibility for investors education and understanding of ETPs lies with advisers, Towsend Lansing head of regulatory affairs at ETF Securities has claimed.
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The correlation of commodity performance to equity markets has increased to such an extent that long-only commodity strategies have lost their punch as portfolio diversifiers, say commentators.
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