Investec profits rise in wealth and fund management arms
Investec Wealth & Investment (IW&I) has reported a 14.1% growth in its operating profit in the six months to 30 September as its assets under management (AUM) grew to £51.3bn.
Investec Wealth & Investment (IW&I) has reported a 14.1% growth in its operating profit in the six months to 30 September as its assets under management (AUM) grew to £51.3bn.
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M&A activity among small IFA firms is expected to increase over the next two years, according to a survey by Investec Wealth & Investment.
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Discretionary fund management (DFM) looks set to benefit from Mifid II as almost a third of advisers expect the directive to result in the rise of outsourcing arrangements to financial advisers, according to Investec Wealth & Investment (IW&I).
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Investec cautioned profits would be “slightly behind the prior year”, despite positive H1 net inflows in its asset management arm.
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Fund Selector Asia compares the Investec Global Energy Fund and the Schroder ISF Global Energy Fund.
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Investec Wealth & Investment has appointed Tom Street to the newly-created position of managing director, IW&I UK.
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Investec uses three portfolio buckets – growth, defensive and uncorrelated assets – while shunning the usual suspects for a wide range of asset classes and financial instruments.
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While a vote to leave the European Union would likely be negative for UK retail demand, the sector is more resilient than many others, according to Investec.
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Four in five (82%) financial advisers expect to see an increasing number of clients refer them to other family members, according to a survey by Investec Wealth & Investment.
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Thursday’s news that M&S CEO Marc Bolland is retiring was well received by investors who see the move as a credible next chapter in the firm’s ongoing self-help story.
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The upcoming second iteration of ‘Super Thursday’ is likely to yield comments from the Bank of England designed to rein in dovish sentiment, according to Investec.
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The United Kingdom’s unemployment rate has dropped to a seven-year low of 5.4%.
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