Lloyds Bank may expand into wealth management and pensions
UK high street bank Lloyds, which owns Scottish Widows, may be about to announce a major push into pension and investment products as part of a three-year growth plan.
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Allianz GI rolls out global equity fund as part of UK push
Allianz Global Investors has announced its Global Equity Insights fund will be available to UK retail investors, a sign of its commitment to the UK market.
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Six of the best US ETFs
Passive funds have enjoyed a stellar time in the US as valuations ride higher and higher. Here, IG Group’s Oliver Smith looks at the six best ETFs to access booming US markets.
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Potter: Booming multi-asset funds not a ‘one stop solution’
Investors need to stop viewing ‘Rubik’s Cube’ multi-asset funds as a one stop solution to deal with all their needs, BMO’s Gary Potter has said.
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Neptune to close US fund as another manager resigns
Neptune Investment Management has confirmed plans to close its £0.5m US Mid Cap Fund and that its manager Patrick Close has left the firm.
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Appetite for absolute return falls to new low
Fund selectors are losing enthusiasm for absolute return funds and appetite for long/short equity and bond funds as well as multi-strategy funds has fallen to its lowest point in two years.
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JOHCM readies for global income launch with double hire
JO Hambro Capital Management (JOHCM) has hired two managers ahead of the launch of a multi-asset global income fund at the start of next year.
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Majority of funds fail BMO GAM’s consistency test
The number of funds consistently offering top-quartile returns has fallen again according to new research from BMO Global Asset Management.
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Henderson fund re-enters IA’s UK Equity Income group
The Henderson UK Equity Income and Growth fund has rejoined the Investment Association’s (IA) UK Equity Income category after nearly four years in the All Companies sector.
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Australian boutique eyes London expansion with fund launch
Australian boutique Antipodes Partners has launched a global equity fund to the UK market ahead of plans to expand its London office later this year.
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Miton CEO: No plans for EU-domiciled range despite Brexit
Miton feels under no pressure to add an EU-domiciled range of funds to its roster despite the Brexit vote, according to its chief executive David Barron.
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Baillie Gifford launches Positive Change fund
Baillie Gifford has launched a new ESG fund which will invest in companies setting out to make a “positive change” in the world.
