Liontrust’s Russ eyeing significant AUM growth and third fund
Liontrust’s newly installed head of European income, Olly Russ, is setting his sights on significant growth for his two income funds and is mulling the launch of a third.
Companies
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M&G and Aberdeen still in the doghouse
Tilney Bestinvest’s “Spot the Dog” report names M&G as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds.’
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Platforms’ role to grow as client data becomes increasingly crucial
The visibility of data to which platforms have access is going to become increasingly valuable says Barry Neilson, business development director at Nucleus.
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Barclays’ shares climb despite hit to H1 profits
Barclays’ share price rose 7.6% to 157.68p after reporting a 21% drop in profits due to major restructuring efforts over the first half of the year.
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Axa inks strategic partnership with ecommerce giant Alibaba
French insurer Axa has entered into a worldwide strategic partnership to distribute its insurance products and services through the global ecommerce ecosystem of China’s Alibaba.
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Mixed earnings as UK majors digest Brexit
Amid a flurry of interim results, Lloyds fell short of its dividend objective, while British American Tobacco and AstraZeneca were buoyed by organic growth and product innovation.
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Henderson held back by property outflows
Henderson Global Investors saw significant Brexit-related outflows from European equities and property funds in its first half.
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Schroders hit by outflows as market fears stall intermediary business
Schroders registered headline pre-tax profits of £282.3m for the first half of the year, despite a collapse in inflows to £700m compared to £8.8bn a year earlier.
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Jupiter saw modest inflows in H1
Jupiter Asset Management reported modest inflows in its first half, but pre-tax profits were still up 3% to £86.6m.
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SJP raises dividend and rolls out new income fund – Updated
St James’s Place has increased its interim dividend by 15% despite reporting a profit drop in the second quarter.
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Brewin underpinned by strong discretionary flows
Brewin Dolphin has reported a 3.5% increase in discretionary funds to £26.8bn during its third quarter.
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More flexibility on exec pay needed to rebuild public trust – IA
Current executive pay structures both fail to incentivise performance and add to a growing reputational risk for all market participants, the Investment Association’s Executive Remuneration Working Group has said.
