China GDP surprise does little to lift markets
China announced higher than expected gross domestic product growth of 6.9% overnight, but markets in the United Kingdom and elsewhere in Europe were unimpressed.
News
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Momentum strengthens UK retail team with two hires
Momentum Global Investment Management has hired Richard Adams and Andy Pook to help drive the promotion of its multi-asset range in the North East and South West of England.
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Investors keep buying ETFs despite volatility
The pace of inflows into index-trackers shows no sign of abating. With still three months to go this year, ETFs listed in Europe have already surpassed the previous inflows record set in 2014.
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Fed inaction prompts Barings allocation moves
In view of the US rate hike that didn’t happen, Sonja Laud, head of multi-asset income at Baring AM, made some recent tactical allocations.
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Schroders signs up former iShares UK sales head
Schroders has hired Esther Nass-Fetzmann into its multi-asset investments and portfolio solutions business.
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Cost of regulation, liability must be at the heart of FAMR – Apfa
A large part of any solution to the growing advice gap in the UK will be reducing the rising cost of being in the advice business, Apfa says.
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HEAD-TO-HEAD: Invesco Korean Equity Fund vs JP Morgan Korea Fund
Fund Selector Asia compares two funds focused on South Korea as the country hits economic headwinds.
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Harris: Unwind of long dollar trade will be “violent and sustained”
A weakened dollar will be a boon for commodities, despite ever present deflationary threats in the global economy, according to City Financial’s Mark Harris.
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Where now for commissions in Europe?
Full commission bans did not materialise in the agreed texts for both both MiFID 2 and the IDD. Paul Stanfield of FEIFA looks at the likely future of remuneration for financial advisers.
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FCA announces make up of advice review advisory panel
The Financial Conduct Authority has released the names of the members of the external, expert advisory panel that will assist in the Financial Advice Market Review.
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LGIM adds three income funds to multi-index range
LGIM has expanded its multi-index range with the launch of three, new income-focused, multi-asset funds.
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China’s middle class now largest worldwide
Funds that focus on China consumption are among those that should benefit from the expanding Chinese middle class, which has overtaken the US to become the world’s largest.