Asset managers fail to look beyond London
Asset management groups have come under fire for being too London-centric when organising events and failing to think of advisers and wealth managers in other regions of the UK.
Fidelity
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Fidelity lands ECJ win over dividends tax
A European Court of Justice (ECJ) ruling in favour of Fidelity International over the taxation of dividends has been hailed as significant for the single market for funds.
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Fidelity fund cashes in on Trump military spend
Fidelity Special Situations fund manager Alex Wright has increased his allocation to defense companies in a move set to exploit Donald Trump’s significant increase in his military budget announced in Q1, as the US attempts to create a more lethal Joint Force.
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The six heavy hitters ousted from FE Invest’s preferred funds
Portfolio Adviser examines the six funds that were scrapped from FE Invest’s list of preferred funds, following its latest bi-annual rebalance.
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Fidelity Asian Values adopts variable fee
Fidelity Asian Values has become the second investment trust run by the firm to adopt a variable management fee model.
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AllianzGI unveils ‘outperformance’ pricing model
Allianz Global Investors plans to introduce an “outperformance” pricing model on five of its UK retail funds
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Fidelity steps up passives price war
Fidelity International has stepped up the passives price war with the launch of six low cost cross-border equity index funds and the reduction of pricing on three existing UK-domiciled index funds.
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Blackrock and Fidelity to weather credit negative FCA changes
Moody’s has described the Financial Conduct Authority’s (FCA) final rules and guidance for asset managers, announced last week, as credit negative for the industry, but said big players like Blackrock and Fidelity are best placed to navigate the changes.
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Fidelity investment trust index switch coincides with fee changes
Fidelity Japanese Values has become the first investment trust run by the asset manager to adopt its variable management fee model, but has also announced plans to switch to a poorer performing benchmark.
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Brexit transition deal leaves unanswered questions
The 21-month transition deal agreed between the UK and European Union is a welcome step but leaves unanswered questions regarding Brexit’s impact on UK businesses, industry figures have warned.
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Fidelity makes U-turn on research costs
Fidelity International has reversed its stance on research costs and is joining many asset managers in absorbing the fees of external research, instead of passing it on to clients.
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Fidelity poaches Amundi’s head of equities to fill Rossi role
Fidelity has hired Amundi Asset Management’s head of equities Romain Boscher to be its new global chief investment officer, equities.
