Demand for de-risking drives LGIM AUM
Legal & General Investment Management’s Solutions capability drove the firm’s assets under management up 12% year-on-year, according to the group’s interim results.
Fixed Income
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Gold and metals funds see $1.1bn outflows
Gold and precious metals funds saw $1.1bn of outflows over the past week, according to Bank of America Merrill Lynch.
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Bond squeeze: The rising risk of policy misstep
Turbulence in bond markets has left bond investors nervous and cash piles high but while more movement is expected, certainty on a few issues could see investors moving back into the market during the second half of the year.
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Axa IM adds to European credit range
Axa Investment Managers is launching the AXA World Funds Euro Credit Total Return fund, the latest addition to its €8.6bn euro credit range.
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The rate also rises: Forget Grexit and focus on the Fed – Invesco
Bond investors should treat Grexit as a side-issue and turn their attention to impending interest rate rises, says Invesco Perpertual’s Stuart Edwards.
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Global AUM stalled in Q2- Lipper
Assets under management in the global fund market stalled at $36 trillion during the second quarter of the year, according to data company Lipper.
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PA OPINION: The ‘PIIGS’ are alright
Everyone is getting in a panic about ‘Grexit’, but it’s the return of the term ‘PIIGS’ that really grates.
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PA ANALYSIS: What will Osborne’s first ‘true blue’ budget mean for investors?
From Chancellor George Osborne’s own point of view, he has been delivering the Budget with one hand tied behind his back since he took office in 2010.
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HEAD-TO-HEAD: Fidelity Strategic Bond vs M&G Optimal Income
This week’s Head-to-Head sees the Fidelity Strategic Bond Fund take on the M&G Optimal Income Fund.
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‘Westernisation’ of Chinese banks threatens US and European counterparts – Dehn
The ‘Westernisation’ of Chinese banks will see them directly competing with their US and European counterparts, says Ashmore’s Jan Dehn.
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No signs of contagion so far- S&P Dow Jones Indices
S&P Dow Jones Indices has said its data indicates bond market contagion stemming from the Greece situation is not a huge concern.
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Bond Vigilante Riddell departs M&G
Mike Riddell, manager of three M&G bond funds, has left the firm after 12 years.