Equity funds saw monthly inflows for the first time since August 2011 in January, but investors are still overwhelmingly showing a preference for bond funds, with the asset class seeing its highest monthly sales since October 2010.
The FSA today aimed to allay confusion surrounding trail and legacy commission post-RDR, but warned it would maintain a close supervisory eye on intermediaries’ behaviour to detect any foul play.
Value seekers and profit takers pulled $6bn out of US Equity Funds last week as they steered money into riskier sectors such as high yield bonds and frontier markets.
Four open-ended funds dominate investors’ focus when considering absolute return investing although Charles Younes names those investment trusts that he argues investors would be far better off turning to.
Derry Pickford has joined Ashburton’s asset allocation team.
RBC Wealth Management has named three new directors for its London-based private client team working with UK resident and non-resident HNWIs.
Simon Cowell was quoted recently as claiming Brit boy band One Direction are about to literally explode in America. Its nice of our US cousins to volunteer to clean up the mess.
Scottish Widows Investment Partnership saw funds under management fall in the year to 31 December, despite inflows of from mandates previously managed by Invista Real Estate.
As well as keeping an eye on economic movements in Europe and the US, Jason Pidcock sees China as the largest internal factor on future Asian growth.
Jupiter Asset Management is to launch an offshore mirror of its high performing Strategic Bond Fund for manager Ariel Bezalel.
As authorities around the world continue to print money, markets continue to push upwards but John Redwood voices his concerns about investors getting too carried away just yet.
On Monday, Investec will unveil its FTSE 100-backed structured product that matures in February 2018.
