It is often said as the ‘rich get richer the poor get poorer’, and one look at current trends in consumer spending would seem to support such a thesis. But as quality starts to overtake quantity on the high street, how can investors benefit?
Investor positioning and low valuations led European equities to outperform EM and Japan last year, and could present similar opportunities in 2012, according to BlackRock’s Market Barometer.
Lloyds TSB Private Banking has confirmed that Matthew Glaister has left his position within the private clients team.
Wealth Manager Thurleigh Investment Managers has partnered with Novia Financial to bring four of its global multi-asset strategies to third parties.
George Renouf looks forward to taking advantage of cyclicals pushing ahead of defensives later this year, preferring quality companies that perform irrespective of the economic backdrop.
Nikko Asset Management has appointed Geoffrey Post as head of international product development (ex-Japan) to help develop the firm’s proposition outside its domestic Japanese market.
Morgan Stanley Smith Barney has agreed the sale of wealth management firm Quilter to the private equity investor Bridgepoint.
US giant Pimco is beefing up its presence in the UK retail market with the launch of a multi-asset fund for St James’s Place and a planned listing of the same strategy on the Fidelity FundsNetwork.
Any landmark date – birthdays, anniversaries, a new year for example – brings with it a lot of navel-gazing and the desire for a brand new start. Rarely does anything change, and this is perfectly illustrated by the noise surrounding the Chinese New Year.
MAM Funds saw funds under management remain static in 2011 at £1.7bn, with strong sales of Miton funds in the second half balancing expected redemptions from Midas funds.
M&G Investments has hired Phil Cliff for its European equity team, as manager of the Pan European Dividend Fund.
UK dividends are forecast to increase more than 10% in 2012 reaching a total of £75bn, according to Capita Registrars’ latest UK Dividend Monitor.
