Liontrust macro managers disenchanted financials
Despite displaying what may seem an overweight exposure to financials versus the FTSE All-Share, Liontrusts macro fund manager team is wary about the sector.
Financials
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Banking on swerving another FX scandal
While Mark Carney was being quizzed by MPs over the Bank of England’s responsibilities in cases against manipulation of FX markets, the FCA was busy announcing its latest recruit a new head of investment banking.
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GLG financials
GLG Partners has appointed Simon Price as an asset manager to focus on stock-picking opportunities in the US and Japanese financials sectors.
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Pimco launches financials debt fund
Pimco has unveiled GIS Capital Securities Fund to invest across debt issued by banks, insurance companies and other specialist financials.
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whos banking on financials
Five years on from the collapse of Lehman Brothers, and investors still today yearn for a return to monetary normality and, dare I say for the banks, a return to more antiquated times.
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Rudolf Wolff unveils PIBS-focused income fund
Rudolf Wolff is to launch a Dublin-domiciled Ucits IV version of its financials-focused Income Fund and has revealed plans for two new vehicles, a long/short global equity fund and another trading in ETF futures.
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Where do your UK managers stand on banks
Much fuss has been made about Lloyds Banking Group being touted as a target for UK income fund managers, so could this signal a return to favour for the wider banking sector?
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iShares adds financials euro corporate bond
iShares has added a financials ETF to its European corporate bond range, which offers exposure to the European financials sector of the investment grade corporate bond market.
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earning slump to hit scandal-rich banks
Banks have set aside extra funds to cover claims for derivatives and PPI mis-selling, but could face further costs as the FSA has concluded that a significant proportion of interest rate fixing products were mis-sold.
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Ailing banks too big to fail
So, another banker loses his job. Its been a familiar story over the past five years, though the departure of Bob Diamond brings things to a whole new level.
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the time is right for a new name in financials
The big question I like to pose to any fund manager or asset allocator I meet is: are we past the worst? If 2011 really was the economic trough, then things could begin to look rosier for banks especially.
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invesco launches global financials fund
Invesco Perpetual is to launch Global Financial Capital Fund aimed at profiting from the rehabilitation of the sector, including major banks in North American, UK and Europe.
