AXA Wealth assets up 10
AXA Wealth has grown its assets under management ten percent to £26.7bn over the past 12 months, according to its half year results.
United Kingdom
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Pictet expands absolute return range with fund
Pictet Asset Management has launched a new absolute return fund that expands its Total Return fund range.
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Lloyds puts dividend back on the table
Lloyds Banking Group has laid the groundwork for reinstating its dividend for the first time since the global financial crisis took hold six years ago.
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Threadneedle launches Global Multi Asset Income
In response to government pension reforms, Threadneedle has launched a new fund lead by fund manager Toby Nangle.
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AXA IM to shut Sterling Gilt Fund next month
AXA Investment Managers is closing its £7.3m Sterling Gilt Fund as of 8 September.
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What is causing growing trend towards outsourcing
The recent news that a number of major fund groups have found their lead times on fund sales have increased reflects the trend we are seeing towards more advisers using our discretionary fund management (DFMs) and model portfolio services. So why is this change happening?
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Barclays deposits held back by wealth business
Barclays overall customer deposits have been held back by reductions in wealth and investment management deposits, the bank said in its half-year report.
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Jupiter raises dividend prospects
According to the asset manager, strong growth in net inflows was helped by a successful diversification into fixed income.
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Heartwood steps beyond 2bn mark in AUM
In the past six months, Heartwood Investment Management has passed the £2bn mark in assets under management and administration.
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St James Place sees new business
St James’s Place has seen a 20% year on year growth in new business over the first six months of 2014, despite losing nearly 10% in profit due to regulatory changes.
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UK Equity Income ultimate bestseller in June IMA
Fresh IMA statistics revealed that the “Woodford Effect” contributed to the ultimate best-selling IMA sector in June, the UK Equity Income sector.
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UK economy top of the world UK plc profits trouble
As has been much trumpeted by the government and its media advisers, UK economic growth is projected to be the strongest among all developed countries this year.