ashmore group shows increase in quarterly aum
Ashmore Group’s second quarter results show a healthy increase in assets under management of pushing it through the $60bn mark.
News
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rdr will see shrinking industry
The approach of RDR will see the funds industry continue to shrink in 2012, with big-name managers retiring and fund mergers and closures more common, according to Thames River Multi-Capital.
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the euro is still in search of a government
Neil Williams describes the eurozone’s economic deterioration at a level that means recession is inevitable and explains why even a common eurobond is not the answer.
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european investors shifting bond focus to us
The latest figures from Lipper show European investors shunning their own bonds and looking across the Atlantic for dollar-denominated propositions.
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ocean dial appoints ceo
Caledonia-owned boutique fund house Ocean Dial Asset Management has appointed Robin Sellers as chief executive as it continues to focus on investment prospects in India.
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aifa appoints new policy director
Chris Hannant has been appointed as a new policy director of the Association of Independent Financial Advisers (AIFA).
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European equities ditched for bonds
Investors, put off by continued fears over the instability of the eurozone, are spurning European equity funds in favour of fixed interest, according to the latest investment trends report from Skandia.
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wright joins rbc wm
RBC Wealth Management has hired Michelle Wright for its Americas desk. Wright joined from Barclays Wealth this week, as a director in the UK private client wealth management team.
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cazenove diversity fund range gets 05 amc
Cazenove’s multi-manager fund range has introduced a new share class with a 0.5% annual management charge.
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barings bows out of absolute return
Baring Asset Management has bowed out of the Absolute Return space by merging Colin Harte’s Absolute Return Global Bond Trust into Andrew Cole’s Multi-Asset Fund.
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trusts must step up to the pace of change
Its easy to take a swipe at the fund ratings agencies and to scrutinise their ultimate influence on fund selection practices, but Morningstar should be applauded for at least trying something new with its investment trust ratings service.
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the west is overplaying chinas economic concerns
Having just returned from a research trip to China, Jing Sun gives his thoughts on the country’s economic, political and social change outlook.
