The news the European Commission is proposing a further clamp down on credit rating agencies should hardly come as a surprise, since throughout the sovereign debt crisis, the rating agencies have been pilloried as the villains of the piece.
Forthcoming EU legislation could reduce the flexibility of the Financial Policy Committee to act in the interests of the UK, according to Lord Turner, chairman of the FSA.
Axa Investment Managers has launched a high conviction global income fund targeting between 1.5 and 2.5 times the yield of the MSCI AC World index.
Global assets under management remained at a steady level in the second quarter at 19.49trn, according to EFAMA, up from 18.74trn in the same period last year.
SPDR ETFs, the ETF Platform of State Street Global Advisers, has announced the listing of two funds with dividend exposure on the LSE, in the hope of tapping into investors’ hunt for yield.
Bill Dinning looks at markets that have ’emerged’ in the past, including Greece and Portugal, and asks whether emerging markets is simply an illusory term.
BlackRock has confirmed it is expanding its UK equity fund range to include a UK Focus fund managed by Luke Chappell and Imran Sattar.
F&C has confirmed the promotion of Sam Cosh to lead investment manager of the European Assets Trust, taking over from Paras Anand who is due to move to Fidelity.
More than 90% of fund managers say Greek default is now unavoidable, while seven in ten expect it to come before April next year, according to BofA Merrill Lynch’s October survey of fund managers.
Henderson Global Investors announced it is to “soft close” its UK Absolute Return Oeic and Sicav, both co-managed by Ben Wallace and Luke Newman.
India’s economy has disappointed in 2011 largely thanks to its domestic problems. But a domestic focus will also help to stimulate growth, as it appears to be doing already.
China’s third quarter GDP figure is not a real cause for concern and investors should be on the look out for signs to increase exposure to the region, according to Tony Yousefian, Investment Director at OPM Fund Management among others.
