Consumer demand is key in 2016 – Fidelity CIO
Will higher wages and lower prices actually lead to a stronger consumer? That’s the question of the day as we move into 2016, according to Dominic Rossi, global CIO of equities at Fidelity International.
News
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Talk of UK commissions return draws ire
A return to commission payments would be a huge step backwards and contrary to the retail distribution review, said industry leaders after the Financial Conduct Authority’s (FCA) interim chief executive failed to rule out a return to commission payments.
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Liontrust close strat bond fund as credit team exits
Michael Mabbutt and Felix Martin, co-managers of the Liontrust GF Global Strategic Bond Fund have resigned, the firm said on Wednesday.
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Aberdeen chairman to depart as outflows continue
Aberdeen Asset Management’s Roger Cornick is to retire as chairman and non-executive director at the end of this financial year, 30 September 2016.
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Vestra expands private office team
Vestra Wealth has hired Robert Juxon to its private office team.
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Hargreaves Lansdown launches new multi-manager fund
Hargreaves Lansdown has launched the Multi-Manager Strategic Assets Fund, co-managed by Roger Clark and David Smith.
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Tilney launches smart beta-focused multi-asset range
Tilney BestInvest subsidiary, Tilney for Intermediaries, has launched a range of five risk-rated, multi-asset funds.
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Brexit worries fail to dampen UK early-stage M&A
Dealmakers targeting the UK remain bullish despite Brexit concerns shown by a 14.9% increase in early-stage M&A activity, according to research from Intralinks.
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Bank of England’s Bailey named FCA chief executive
The new chief executive of the UK’s Financial Conduct Authority (FCA) has been named as Andrew Bailey, the Bank of England’s deputy governor for prudential regulation and chief executive of the Prudential Regulation Authority (PRA).
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HKEX to push ahead with ‘bond connect’ sceme
Hong Kong Exchanges and Clearing (HKEX) has outlined plans to push ahead with the introduction of a ‘Bond Connect’ scheme to give foreign investors wider access to the Chinese debt market, similar to the way the Stock Connect program bolsters trading between Hong Kong and Shanghai.
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Legal & General IM expands index funds range
Legal & General Investment Management (LGIM) has launched a global real estate index fund and announced the imminent launch of an emerging markets government bond index fund.
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Money market fund sales surge tenfold as total AUM hits record
Investor appetite for cash grew markedly in 2015, the latest set of Investment Association fund statistics show.