Fidelity International denies plans to launch zero-fee funds
Fidelity International has no plans to follow its US sister company Fidelity Investments by launching zero-fee index funds.
News
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Gam freezes absolute return bond fund
Gam Investments has halted new money coming into and out of its unconstrained absolute return bond funds (ARBF) following manager Tim Haywood’s suspension.
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Fundsmith promotes three stalwarts as partners
Terry Smith has stated he remains “firmly in place” at the helm of Fundsmith as the boutique asset manager promotes three stalwarts of the business as partners.
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UK fund industry inflows fall 75%
Sterling Strategic Bond funds led redemptions in June as the UK funds industry sees net sales fall 75% from the same period last year.
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Bank of England votes unanimously for rate hike
The Bank of England Monetary Policy Committee (MPC) has voted unanimously to raise rates to 0.75% at its August meeting.
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AFH Group boss slams platforms as ‘dead weight’
UK investment management company AFH Group has blasted platforms as too expensive and announced the company will be absorbing fees for new clients and scrapping them for existing clients.
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Blackrock trumps Vanguard in FE passive ratings
Blackrock’s iShares has fended off Vanguard to retain the top spot in FE’s latest Passive Crown ratings list.
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SJP funds near £100bn as Man Group hit by absolute return
Both St James’s Place and Man Group delivered record flows over the first half of the year but the latter’s funds under management were impacted by weak performance from some of its key absolute return funds.
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Terry Smith investment trust falls 5.3%
The Fundsmith Emerging Equities Trust (Feet) has fallen 5.3% in H1, but defensive stock picks mean the net asset value did not fall as much as the benchmark.
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Janus Henderson drops Formica with $12m golden handshake
Janus Henderson has announced Andrew Formica will receive $12m severance pay as the group decides to ditch the co-chief executive leadership structure a year after the UK and US asset managers merged.
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SJP drops Aberdeen Standard as ethical manager
St. James’s Place has dropped Aberdeen Standard Investments (ASI) and appointed Impax Asset Management to run its £286m ethical fund after a sustained period of underperformance.
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Franklin Templeton denies ex-Mobius fund faces further turnover
Franklin Templeton Investments has denied its emerging markets investment trust faces further turnover on top of the exit of star fund manager Mark Mobius and his protégé Carlos Hardenberg earlier this year.
