ESG managers shun outperforming Faangs
Facebook, Amazon and Apple have been shunned by fund managers using an environmental, social and governance approach to investing, although Google parent Alphabet still gets a pass.
Author: Sonia Rach
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Brewin Dolphin assets reach £42bn
Brewin Dolphin assets under management (AUM) were up 6.5% for the quarter.
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Discretionary funds drive Charles Stanley assets higher
Charles Stanley saw funds under management and administration (FUMA) rise in the three months to 30 June, driven largely by its discretionary service and positive market conditions.
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Richard Philbin: ‘Regulation and compliance is ridiculous’
Richard Philbin entered the investment industry with the aim of becoming wealthy and while he has enjoyed a rich career in a number of roles, he is finding the current regulatory climate trying.
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Franklin Templeton rebuilds Temit with Martin Currie hire
Franklin Templeton Investments has hired Martin Currie’s Andrew Ness as a portfolio manager on the Templeton Emerging Markets Investment Trust (Temit).
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WH Ireland CEO makes quick exit as AUM falls
WH Ireland CEO Richard Killingbeck is stepping down, as the company’s assets under management fall to £2.6bn in its results for the 16 months to March.
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Duration outperforms despite rate hike concerns
Long duration funds outperformed in the second quarter of 2018, despite investors’ ongoing concerns around interest rates.
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Trade war fears prompt equities cull
Fund managers have slashed their global equity allocations to the lowest level since November 2016, spooked by fears of a trade war.
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Dollar strength hits Blackrock AUM
Blackrock saw total assets drop to $6.3trn in Q2 from $6.32trn in the previous quarter with FX movements having a deleterious effect on international sales due to the strong dollar.
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Blackrock and Schroders frontrunners for Lloyds mandate
Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn for Lloyd’s Banking Group (LBG), after the contract with Standard Life Aberdeen was terminated earlier this year.
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Ashmore AUM falls in challenging period for emerging markets
Ashmore Group plc assets under management fell 3% during the quarter ended June 30, as increased net inflows were offset by negative investment performance of $5.2bn.
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DFMs face safe haven dilemma on US trade war
Discretionary fund managers say asset classes rather than geographies will be the best source of safety if the US unleashes a full-blown trade war as Bank of England simulations show the geographic scope of rising tariffs.