Surge in Global Equity Income sales
Global equity income sales overtook those of sterling strategic bonds for the first time ever in February making it the second most popular sector in the month, according to data provided by Cofunds.
News
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BNY Mellon rebrand WestLB Compass Fund
WestLB Mellon Compass Fund has been renamed to reflect the changed shareholder structure following the acquisition of WestLB Asset Management.
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Advisers top five funds for balanced investors
In the final of our three part series on advisers’ top funds across the risk spectrum, we take a look at the most-favoured funds for balanced investors.
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central bank growth policies madness talbut
Robert Talbut argues that risk assets may provide better value today than less risky assets but this is more of an indictment on the lack of value in the latter rather than any tremendous value in the former.
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five-year fee decline in industry
The average management fee gathered by the funds industry has “fallen dramatically” since 2007 due to the cyclical shift to fixed income products and an inclination toward less expensive funds, according to investment research firm Morningstar.
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Old Mutual makes convertible bond allocation
Old Mutual has purchased units in the Mirabaud Convertible Bonds Europe fund, adding it to a range of their products.
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arch cru founder Danner escapes fine
Stephen Danner, one of the co-founders of Cru Investment Management has escaped being fined by the FSA due to his “financial position” even as advisers face paying millions in redress for mis-selling the Arch cru funds.
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Two senior hires for Esemplia
Esemplia, Legg Mason’s dedicated emerging markets firm, has hired two new senior investment staff.
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LGIM equities trader sentenced to two years
A former Legal and General Investment Management (LGIM) equities trader has been jailed for insider dealing.
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Ignis to launch absolute return gov bond fund
Ignis has revealed details of a global absolute return government bond fund aimed at sophisticated and institutional investors, which will be launched later in the year.
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slis alternatives assets up as gars balloons
Standard Life GARS had grown to a staggering £21.1bn at the end of 2012, with alternative strategies counting for more than one-fifth of Standard Life Investment's (SLI) total AUM.
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Real estate attractive but trumped by equities
Real estate will continue to offer attractive yields, but will be outperformed by equities in the growth stakes, according to ING IM.