BNY Mellon IM launches EM debt total return fund
BNY Mellon Investment Management (IM) has launched an emerging market debt total return fund in response to the “demand for a long-only EM debt strategy”.
Product News
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M&G begins Brexit-linked shift of funds to Luxembourg
M&G Investments has begun to transfer the assets of four UK-domiciled open-ended funds with assets of around £9.3bn to equivalent funds on its Luxembourg platform.
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Strategic bond fund sales break £7bn in 2017
Net retail sales of Sterling Strategic Bond funds neared £1.5bn for the second month in a row in November 2017, taking the total raised by the sector for the year to £7.25bn, according to the Investment Association.
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Record year for investment trust platform sales
Despite a drop in quarterly sales, investment trust purchases on fund platforms in the first nine months of 2017 have surpassed all records data compiled by Matrix Financial Clarity shows.
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Tilney cuts funds in portfolios from 70 to 30
Wealth manager Tilney has “eliminated the low-hanging fruit” and reduced the number of funds it holds in its portfolios from 70 to 30.
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Smith scoops £8m bonus as Fundsmith flourishes
Terry Smith’s eponymous firm increased profits six-fold last year with the veteran fund manager set to scoop a bonus of more than £8m as a result.
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Chase de Vere to launch model portfolio service
Chase de Vere has revealed plans to launch a discretionary model portfolio service this year amid growing client demand and stiff competition from other firms.
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Symvan launches seed investment fund for UK tech start ups
Symvan Capital is targeting wealth managers with the launch of its third Seed Enterprise Investment Scheme fund for tax-efficient investing in UK startups.
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UBS unveils sustainable ETFs
UBS Asset Management has launched two ETFs to the London market with a focus on sustainability and socially responsible investing.
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Aviva targets UK investors with global equity Oeic launch
Aviva Investors has revealed an Oeic version of its £537.13m Global Equity Endurance Fund.
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Waverton renames European Income Fund
Waverton Investment Management (WIM) has renamed its European Income Fund to the Waverton European Dividend Growth Fund to align it better with the manager’s day-to-day investment approach.
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LGIM expands equity income range
Legal & General Investment Management (LGIM) has expanded its equity income range with the launch of the L&G European Equity Income Fund.
