The noise traders remain obsessed with tapering with their spokespeople queuing up this week to say that the Fed had lost credibility, which is market speak for the Fed not acting in the way I had positioned my book.
Schroders and Threadneedle are among the first group of fund houses to offer ‘super clean’ share classes to advisers through the Standard Life platform.
Axa has been heavily fined by the UK’s Financial Conduct Authority for failing to ensure it provided suitable advice to its customers.
Sanlam’s income study sees the addition of Unicorn and Chelverton’s small-cap income funds to its white list; Newton Higher Income and Jupiter Income have moved onto its grey and black lists respectively.
Axa Wealth has closed its pre-sale adviser helpline making one person redundant following a post-RDR business review.
Andrea Rossi has been appointed chief executive officer of Axa Investment Managers (Axa IM) following Dominique Carrel-Billiard’s decision to leave the group.
Axa Portfolio Services (APS) has posted a pre-tax loss for the second year running, citing investment in the development of the Axa Elevate platform as a key contributing factor.
The fixed income market is set for a volatile few months as a number of key global issues come to a head including decisions about QE, the German election in September and Mark Carney taking up his new role as governor of the Bank of England, according to Nicolas Trindade of Axa Investment Managers.
Axa Investment Managers says a floating renminbi is key in China achieving long-term sustainable growth and expects greater flexibility for the currency in the next six months.
Axa Wealth International is scaling back its UK-based international sales team and has made seven roles redundant.
Later this week the UK will release inflation data for April with the market consensus forecast that CPI dropped to 2.6% from 2.8% from March and that the RPI fell slightly to 3.1% from 3.3%.
Chris Iggo explains why a Mark Carney-run Bank of England's could have a new remit, what it might look like, and what this all means for fixed interest investors.
