Rathbones: Active and passive ‘evangelists’ must rein in rhetoric
Rathbone Unit Trust Management’s Mike Webb says the passive “blunderbuss” is posing a risk to capital raising and the financial services industry as a whole.
Author: Sam Shaw
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Axa IM posts 35% rise in net new money
Axa Investment Managers (IM) said its 35% annual rise in net new money inflows was a testament to its “resilient” business model while setting out ambitions for further acquisitions this year.
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CISI pushes for higher standards with new Chartered Body Alliance
The Chartered Institute for Securities & Investment (CISI) has formed an alliance with two other chartered professional bodies to raise standards of and improve levels of trust in financial services.
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Global flows into bond funds dwarf equity funds by 55%
Global flows into fixed income funds more than doubled those into equity products last month, according to Thomson Reuters Lipper.
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Old Mutual Wealth adviser arm to buy network Caerus
Old Mutual Wealth (OMW) subsidiary Intrinsic Financial Services is set to acquire financial adviser network Caerus Capital Group, bringing total adviser numbers to 3,600.
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GAM brings in Beesley as head of equities
GAM has created a head of equities position for former Henderson man Matthew Beesley in a bid to accelerate its growth trajectory.
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PA ANALYSIS: The only way is up for EMD?
Invesco Perpetual’s new Global Emerging Markets Bond Fund seems to be well timed to take advantage of investors’ broad structural underweight to the asset class.
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Bond fund losses continue for Franklin Templeton
Three Franklin Templeton bond funds suffered more than €800m (£683m) outflows in January, according to Morningstar data.
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Wells Fargo AM launches US IG credit fund
Wells Fargo Asset Management has launched a USD Investment Grade Credit portfolio, a sub-fund of its Worldwide Luxembourg Ucits fund.
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River and Mercantile performance fee profits up 300%
River and Mercantile Asset Management has reported a 300% increase in net pre-tax profits from performance fees for the six-month period to 31 December 2016, compared with the previous year.
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PA ANALYSIS: What’s next after Unilever snubbed Kraft Heinz?
As Unilever chief executive Paul Polman pushed the potentially record-breaking $143bn approach by Kraft Heinz off the table on Friday (17 February), a knee-jerk media frenzy suggested that the vulture might continue to circle.
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River and Mercantile tops FundCalibre index
River and Mercantile Asset Management has topped FundCalibre’s Fund Management Equity Index 2017 with a five-year average outperformance of 51.33% as their value style returns to favour.