Prudential has sold its US independent broker-dealer network to focus on local retirement products just days after announcing plans to merge its UK insurance and asset management businesses.
Prudential has merged its M&G and UK savings businesses, amidst growing speculation that the insurer intends to break-up its operations.
A policy reversal at the Bank of England is imminent and could prompt it to sell its £10bn hoard of corporate bonds back to the market, M&G’s Richard Woolnough has said.
M&G Investments has strengthened its emerging market offering with the launch of two strategies focusing on the region’s hard currency debt and income opportunities.
M&G has proposed transferring four UK-domiciled open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.
Michael McLintock, former CEO of M&G Investments, has joined Neptune Investment Management as a ‘special adviser’ on strategy and distribution.
The Bank of England may allow inflation to overshoot its target “for some time” amid the uncertainty that following the triggering of Article 50 on Wednesday, M&G’s Jim Leaviss has said.
M&G continued to rack up outflows in 2016, but posted higher AUM by the end of the period.
Three Franklin Templeton bond funds suffered more than €800m (£683m) outflows in January, according to Morningstar data.
Markets are too optimistic over the United States and have priced in expectations of government infrastructure spending that may take years to materialise, according to M&G Investment’s Claudia Calich and James Tomlins.
M&G Investments has launched two managed volatility funds targeting absolute returns.
Columbia Threadneedle Investments has appointed Michelle Scrimgeour as chief executive officer, Europe, Middle East & Africa and CEO of Threadneedle Asset Management.
