AXA IM switches unit trusts to single pricing
In a bid to further simplify its pricing structure, Axa Investment Management has switched from dual pricing to single swing pricing within its Axa Framlington unit trust range.
News
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Brazier and Hutchins leave
Threadneedle’s head of UK equities Simon Brazier and co-manager Blake Hutchins have resigned from the firm with immediate effect.
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Invesco cuts fees on Barnett and Mustoe portfolios
Invesco Perpetual has lowered charges on the UK Equity and Global Equity Income portfolios within its Select Trust.
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Rowan Dartington hires allocation chairman
Rowan Dartington has hired John Betteridge to chair its asset allocation committee.
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Hargreaves Lansdown profits up
Hargreaves Lansdown posted a 7% rise in pre-tax profits to £209.8m for the year to end June, with total assets under management climbing 29% to £46.9bn.
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Equity markets rally on Russia ceasefire
Equity markets have seen significant rallies today driven in large part by an apparent easing of one of the principal geopolitical risks weighing on asset prices.
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Jupiter Strategic Bond v JP M Income Opportunity
Strategic bonds are the focus of this week’s head-to-head challenge, with the Jupiter Strategic Bond Fund facing off against the JP Morgan Income Opportunity Fund.
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Lyxor launches four European equity products
Lyxor Asset Management has launched four European equity products to allow investors to be more specific in their European exposure.
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Aviva promotes Lis to CIO equities and multi asset
Aviva Investors continues to hone its focus on multi-asset investing, announcing on Tuesday the promotion of David Lis to CIO for equities and multi-asset.
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SJP gives Woodford green light to go international
Neil Woodford has been granted flexibility to invest up to a quarter of his £1.4bn St James’s Place UK High Income Fund in non-UK equities following an EGM of unit holders.
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Sesame most complained about advisory firm
Sesame received more complaints than any other advisory firm over the first half of 2014, the Financial Ombudsmen Service (FOS) has revealed in its half year results.
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Five property funds to write home about
With data from the likes of Cofunds and the IMA showing property fund sales have been very strong of late, some may be inclined