Private bank Credit Suisse has confirmed plans to withdraw from a reported 50 countries which it considers unprofitable, while it ploughs forward with plans to orientate its business towards an ultra high net worth client base.
For many reasons, income has made a huge contribution to total returns over the past decade but with investors needing more of this income paid out where should portfolio managers look for the medium-term income opportunities?
August is traditionally a quiet month in financial markets, but it was also a disappointing one for investors as most asset classes gave up ground over the month.
Schroders is acting in line with the sentiment of the vast majority of UK-based wealth managers as it has recently increased its emerging markets capability thanks to the recruitment of Craig Botham from the Prudential Regulatory Authority (PRA).
Smith & Williamson Holdings has named two internal successors to replace the outgoing chief executive, Gareth Pearce, when he retires later this month.
Pimco has unveiled GIS Capital Securities Fund to invest across debt issued by banks, insurance companies and other specialist financials.
Allianz Global Investors has hired Grant-Yun Cheng from Union Investment to run the Allianz BRIC Stars and the Allianz BRIC Equity funds.
Tineke Frikee, manager of the Smith & Williamson UK Equity Income trust, has moved into the travel and leisure sector in expectation of a recovery in the UK economy.
As emerging markets continue to struggle, so has investors’ patience been tested, but what can a conscientious asset allocator really do about it?
Kames Capital has appointed former Cofunds boss Martin Davis as chief executive officer (CEO).
Olivia Mayell, portfolio manager on the JPM Multi-Asset Income fund, says that high yield is the only fixed income asset class that still offers value in the current climate, but she is predominantly looking to quasi-fixed income assets and equities to generate yield.
Investec Asset Management has launched ‘super-clean’ share classes across six of its UK-domiciled funds.
