Track to the Future – with Lazard Asset Management’s Tony Maddock
How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months
Investment
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Bank of England cuts interest rates to 4.5%
FTSE rose to a record high this morning on expectations of the 25 basis points cut
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Saba suffers sixth defeat at European Smaller Companies Trust meeting
Saba Capital has so far failed to convince shareholders, receiving less than 2% of independent voting at each meeting
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Calastone: Investors pull £1bn from UK equity funds despite FTSE highs
European and Asian funds also suffered net outflows in January as North American funds continue to appeal
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Goldman Sachs Asset Management launches duo of EMEA active ETFs
Goldman Sachs expands active ETF offerings with duo of EMEA bond ETFs
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Saba loses Henderson Opportunities and CQS votes
Some 65.4% of votes cast rejected the proposals, with almost all in favour coming from Saba
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Saba loses Keystone and Baillie Gifford US Growth votes
Non-Saba shareholders almost unanimously voted against the proposals at each investment trust
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Gresham House Energy Storage fund lowers management fee
New fee arrangement ‘better reflects current market conditions and investor sentiment’
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FCA to widen wealth manager and retail access to bonds
Proposals aim to reduce costs and barriers for companies raising capital, while improving opportunities for retail investors
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ECB cuts interest rates to 2.75% as central banks diverge
Follows the Federal Reserve’s decision to hold the Fed Funds rate at 4.25-4.5%
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Wealth manager Q&A with Ben Kumar: ‘Don’t doomscroll your savings’
7IM’s Ben Kumar has witnessed the rise and rise of index investing, is both curious and annoyed by bitcoin and warns of the dangers of checking your savings account on a daily basis
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AIC calls for company law amendments to widen voting access following Saba votes
Amendments to company law would require platforms to opt in investors automatically to receive company information and voting rights