St James’s Place saw net new business of £700m in the first quarter and retained 95% of existing client funds, fulfilling speculation from industry insiders that the firm has been a beneficiary of financial repression.
Inflows of £1.6bn in the first quarter took total AUM at Schroders to £199.6bn, with the biggest vote of confidence in the firm’s offering coming from institutional investors.
The vast majority of European-domiciled equity funds fall under the two highest risk bandings in a scale put together by the European Securities and Markets Authority (ESMA), according to latest research from Lipper.
Schroders has become the latest fund house to intensify its focus on what is being viewed as one of the most exciting asset classes du jour – emerging market debt.
Investors’ attitudes towards ETFs still overwhelmingly show physical products favoured over their synthetic counterpart, according to the latest research from Morningstar.
The Association of Investment Companies (AIC) has altered its charges methodology to allow easier comparison of its members’ closed-end funds with their open-ended counterparts in the run up to RDR.
Ignis is to launch a Luxembourg-domiciled Absolute Return Credit Fund managed by Chris Bowie, head of credit at the firm.
Henderson Group saw AUM increase by £2.4bn in Q1 to £66.7bn, but this headline figure masked underlying concerns among investor groups which led to outflows in some of the firm’s main markets.
JPM Asset Management has hired former Aberdeen and Deutsche man Charles McKenzie in a senior fixed income role within its global fixed income team.
Barings has appointed Sean Chang, former investment director at HSBC Global Asset Management, as head of Asian debt based in Hong Kong.
Former Credit Suisse wealth planning head Steve Griffiths has joined Coutts, tasked with developing the companys tax & wealth structuring teams capabilities in the UK, Asia and Switzerland.
J.P. Morgan Asset Management has become the latest fund house to unveil a multi-asset absolute return fund, following hot on the heels of Jupiter’s launch last week.
