As the architect of Fidelity Worldwide Investment’s fixed income proposition whose team now numbers 73 and manages £49.6bn in assets, Ian Spreadbury represents a significant key man risk for the group.
With the Nikkei 225 breaking through the 20,000 point level yesterday and Japanese stocks broadly having put on around 15% this year, many investors will be trying to ascertain whether that is as good as it gets or a sign of things to come.
Neil Woodford’s Patient Capital Trust, the second offering from the star manager’s company, is the largest ever UK investment company launch, according to the Association of Investment Companies.
With US valuations higher than they have been for many years and the QE-fuelled run in European assets, investors are once more turning to emerging markets, putting the BRIC economies back under the spotlight.
Royal Dutch Shells proposed buyout of BG Group for £47bn has put a number of UK asset management firms in line for a big windfall.
China has removed the $1bn investment quota cap for overseas fund management firms and Fidelity Investments is the first to take advantage.
Falling oil prices and the adoption of reform agendas means Asia could soon account for three-quarters of the MSCII Emerging Markets Index, said Catherine Yeung, investment director for Asia ex-Japan equities at Fidelity Investments.
Ian Trevers has resigned from Invesco Perpetual following the firms consolidation of its EMEA retail and institutional divisions.
As oil prices continue to slump, some commentators are focusing on the winners as well as the losers.
The New York-based investment manager recorded £2.55bn of gross sales for Q3 2014, while the net retail sales table was headed by Woodford Investment Management
Fidelity Worldwide Investment has made three new hires to its UK retail adviser sales team.
Fidelity Worldwide Investment is planning to launch the Fidelity Asia Pacific Opportunities fund on 24 September, it said today.
