Aberdeen Standard heaps scorn on Persimmon at AGM
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.
RLAM
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RLAM revolts against Persimmon pay
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.
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Cholwill adds UK utilities on ‘overstated’ renationalisation fears
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.
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Fixed income drives 55% increase in RLAM inflows
Royal London Asset Management (RLAM) reported a 55% increase in external gross inflows to £10.4bn in 2017, up from £6.7bn in 2016.
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Hawkish BoE hints at earlier rate rises
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.
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UK GDP beats expectations, but growth is lacklustre
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.
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Advisers argue over riskiest asset class for 2018
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).
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RLAM expands equity team as Mitchell retires
Royal London Asset Management (RLAM) has expanded its equity team with two hires to replace fund manager Derek Mitchell who has decided to retire after 30 years in the industry.
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RLAM reveals global equity funds for ex-Waverton trio
Royal London Asset Management (RLAM) has launched two global equity funds to be run by the team it poached from Waverton Investment Management earlier this year.
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RLAM launches £2.7bn property fund
Royal London Asset Management has unveiled a £2.7bn property fund, the largest launch of its kind, the firm has claimed.
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It’s time for Draghi to taper QE
European Central Bank (ECB) president Mario Draghi was tight-lipped on tapering following the bank’s latest policy meeting, but industry figures remain confident the ECB will roll back the pace of asset purchases from next month.
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Stable market conditions double RLAM inflows
Royal London Asset Management (RLAM) doubled asset inflows in the first half of 2017 on the back of “more stable” market conditions.