spdr to launch three new etfs in uk
SPDR is to list three new ETFs in the UK tomorrow, two dividend-focused funds and one FTSE All Share fund, each with a TER of 0.30%.
News
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fsa gives advisers incentive to let
Due at the tail end of last year, the FSA finally published its Policy Statement (PS12/3) aimed at clarifying one of the largest unresolved issues surrounding the implementation of RDR legacy and trail commission.
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newton expands private client team
Newton has expanded its private client team with the appointment of Clare Huijnen as an investment manager, joining from HSBC Private Bank.
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gam to acquire arkos capital
Fund group GAM has announced plans to purchase Arkos Capital, a Swiss long/short investment firm with CHF664m in assets under management.
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lipper – fund closures in 2011
Last year saw a contraction in the number of funds for only the second time in the past decade, according to Lipper’s annual European Fund Market Review.
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six yr term for LG fifth capital at risk product
Legal & General has released the fifth in a series of capital-at-risk, kick-out products.
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fidelity unveils global high yield bond
Fidelity is to launch a Global High Yield Fund on 19 March which will tap into the growth of high yield issuance in Europe and Asia as well as the more traditional market of the US.
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focus will soon return to athens husselbee
John Husselbee describes this as “one of the best early year gains”, for the FTSE All Share at least, though warns that just because a deal over Greece has been done, Athens will return to haunt investors.
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wealth management firm enters liquidation
Jersey-based wealth management company, Horizon Investments, has gone into liquidation.
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clinch beefs up invesco perpetuals
Invesco Perpetual has appointed Simon Clinch as US equity fund manager, within its global equity team, reporting directly to Simon Laing head of US equities.
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schroders launches european total return fund
Schroders is launching a European Total Return Fund for new recruit Nicholette MacDonald-Brown aiming to offer investors access to long-term capital growth in the region with lower targeted volatility.
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retail investors still undecided risk or caution
The IMA stats for January show retail investors want their money working for them but are not certain enough about their own views to invest outside safety-first assets.
