Trade war fears prompt equities cull
Fund managers have slashed their global equity allocations to the lowest level since November 2016, spooked by fears of a trade war.
News
-
-
RLAM targets advisers with bond fund
Looking to exploit the inefficiencies inherent in credit markets, Royal London Asset Management will launch a monthly income bond fund later this year aimed at advisers and targeting an income of 5%.
-
Hedge funders launch robo adviser for Isa investors
Negativity around robo and investment technology a few years ago prompted former hedge fund executives Ian Cadby and Jonathan Wauton to get into the online wealth management space, culminating in the launch of platform Tiller on Monday.
-
John Laing Infrastructure takeover reduces investor choice
A takeover bid for the John Laing Infrastructure investment trust is set to reduce choice for investors in the closed-ended subsector.
-
Dollar strength hits Blackrock AUM
Blackrock saw total assets drop to $6.3trn in Q2 from $6.32trn in the previous quarter with FX movements having a deleterious effect on international sales due to the strong dollar.
-
Blackrock and Schroders frontrunners for Lloyds mandate
Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn for Lloyd’s Banking Group (LBG), after the contract with Standard Life Aberdeen was terminated earlier this year.
-
The seven FCA remedies proposed for the platform industry
From banning exit charges to drawing on the platform industry to tackle orphan clients, the Financial Conduct Authority (FCA) has outlined seven remedies to improve consumer outcomes.
-
FCA confronts David and Goliath battle on fund pricing
Smaller platforms are struggling to compete with larger counterparts over fund prices because of the latter’s ability to negotiate discounts with asset managers, the Financial Conduct Authority (FCA) has warned.
-
Investment fraudsters steal £51m in three months
Scammers are showing an increased appetite for ripping off unsuspecting UK consumers after £51m was stolen in the first three months of 2018/19, figures from the City of London Police reveal.
-
Ashmore AUM falls in challenging period for emerging markets
Ashmore Group plc assets under management fell 3% during the quarter ended June 30, as increased net inflows were offset by negative investment performance of $5.2bn.
-
Analysts divided on Hargreaves ahead of platform study
JP Morgan Cazenove has downgraded Hargreaves Lansdown arguing its high price tag fails to reflect regulatory uncertainties, while Numis Securities has argued the retail platformer is a “structural growth story” with room for further earnings growth.
-
WH Ireland wealth head quits over strategy direction
WH Ireland’s head of wealth management has left the firm over a difference of opinion regarding the strategic direction of the private wealth management division.
