RLAM intermediary flows increase 33%
Funds under management reach £117bn
Funds under management reach £117bn
Having the right products in the right countries helped Baillie Gifford and Royal London Asset Management bag the most net retail funds sales during the second quarter, research has found.
Looking to exploit the inefficiencies inherent in credit markets, Royal London Asset Management will launch a monthly income bond fund later this year aimed at advisers and targeting an income of 5%.
Royal London Asset Management has stated investors should invest in accumulation share classes for retirement income as the desperate search for yield pushes investors unnecessarily up the risk spectrum.
Two thirds of professional investors expect to allocate more money to ESG strategies in the next three years, Royal London Asset Management has found.
Aberdeen Standard Investments has joined Royal London Asset Management (RLAM) in voting against Persimmon’s remuneration package, which it said threatens the firm’s reputation.
Royal London Asset Management is one of the few asset managers that has confirmed it will vote against sky-high executive pay packages at Persimmon’s AGM on Wednesday, as the housebuilder comes under fire for failing to meet the living wage for its lowest-paid workers.
Royal London Asset Management’s Martin Cholwill has added to water stocks over Q1 in his £1.9bn UK Equity Income fund stating renationalisation fears are overblown, while he repeats views held by Neil Woodford and Richard Buxton that corporate M&A activity highlights opportunities in UK companies.
Royal London Asset Management (RLAM) reported a 55% increase in external gross inflows to £10.4bn in 2017, up from £6.7bn in 2016.
The Bank of England has held interest rates at 0.5% but hinted at quickening the pace of further increases to bring inflation back in line with its 2% target.
The UK economy exceeded forecasts as the gross domestic product (GDP) grew 0.5% in the last quarter of 2017, up from 0.4% in the third quarter.
Advisers are split over which asset classes will fare best during the next year, with both growth and defensive sectors named as a cause for concern in a survey by Royal London Asset Management (RLAM).