mid tier fund houses set for radical change
As margins and revenues get harder to find, those asset management firms just outside the really big guns are likely to refocus their business and move away from the retail investor.
News
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latest version of fatca rules clarify simplify
Kristin Konschnik, a partner in the London office of Withers, the international law firm, looks at the IRSs latest proposal for implementing FATCA.
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ima – credit rating agencies
Credit rating agencies should be left to function independently and free from political interference the IMA has said in a submission to the Treasury Select Committee.
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plenty of trees to pass to get out of the woods
Neel Kashkari gives his suggestions for where US equity investors should be putting their money bearing in mind his views on the over-reliance on household debt for growth.
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post-rdr investment trusts
RDR is likely to have only a marginal impact, if any, on the demand for investment trusts among financial advisers, according to more than a third of delegates at a recent conference on the investment vehicles.
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barclays wealth 2011 profits surge by 27 per cent
Barclays Wealth pre-tax profits jump as the Group profits stay largely flat.
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franklin templeton top fund sales
Franklin Templeton saw the greatest mutual fund sales in Europe in 2011, with the success of its bond funds pushing its total to 12.6bn, according to Lipper.
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Armstrong launches multi-manager
Distinction Asset Management, a partner of Armstrong Investment Managers, has relaunched its Cautious Return fund as a multi-manager fixed income absolute return vehicle.
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the multi-asset threat
With the advent of RDR it is expected IFAs will increasingly outsource investment decisions presenting an opportunity for discretionary fund managers (DFMs) to offer their investment services. But fund houses are also making moves to appeal to outsourcing IFAS, through expanding their multi-asset propositions. Is there room for both or will one party’s success lead…
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jupiter replaces de fonclare on glbl managed fund
Gregory Herbert has replaced Cédric de Fonclare as manager of the European portfolio on Jupiter’s Global Managed Fund.
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spdr euro high yield
State Street Global Advisors-owned SPDR ETFs cross-listed its latest fixed income product on the London Stock Exchange today, the SPDR Barclays Capital Euro High Yield Bond ETF.
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fidelity taps into multi-asset demand
Fidelity is expanding its multi-asset range by renaming and slightly changing the focus of an existing fund, run by Richard Skelt.