Active bond flows hit hard in February
Active bonds suffered €7bn in outflows along with active commodities and convertibles, hitting Europe’s asset management industry hard in February.
News
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Fidelity steps up passives price war
Fidelity International has stepped up the passives price war with the launch of six low cost cross-border equity index funds and the reduction of pricing on three existing UK-domiciled index funds.
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Liontrust AUM grows 61% in a year
Liontrust’s assets under management hit £10.5bn over the financial year to the end of March, enhanced by its acquisition of Alliance Trust Investments last April.
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Lindsell Train tops investment trusts as premium hits 42%
A stretched premium has seen Lindsell Train top investment trusts for performance in the first quarter, over a period when the listed closed-ended funds outperformed wider markets, according to a report from Stifel.
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SLI Gars fails to break losing streak as volatility ramps up
Standard Life Investment’s mega Global Absolute Return Strategy has ended the first quarter in negative territory, failing to beat peers in the sector as volatility across global markets spiked.
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Neptune downplays tech sell-off and US/China trade war
Neptune founder Robin Geffen and CIO James Dowey have downplayed the recent tech sell-off and said that a “full blown” trade war between the US and China is unlikely.
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Blackrock and Fidelity to weather credit negative FCA changes
Moody’s has described the Financial Conduct Authority’s (FCA) final rules and guidance for asset managers, announced last week, as credit negative for the industry, but said big players like Blackrock and Fidelity are best placed to navigate the changes.
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Pictet multi-asset head Percival Stanion dies
Pictet Asset Management’s head of multi-asset and partner Percival Stanion has died aged 60 after a short spell of illness.
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Aviva Investors positions for eight US Fed hikes
Aviva Investors has moved neutral on the US and overweight on emerging market (EM) equities, debt and currency as it predicts eight rate rises from the Federal Reserve in 2018 and 2019.
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Woodford-backed activist targets Brexit passport firm
Woodford-backed activist investment trust Crystal Amber has upped its stake in De La Rue, the UK company currently appealing the government following its failed bid to produce the country’s blue passports following Brexit.
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Zurich sells Openwork stake two years early
Zurich has sold its 25% stake in Openwork two years earlier than expected, handing majority ownership to the IFA network’s partners.
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Premier redemptions slow despite ‘difficult’ market
Premier Asset Management delivered positive net flows of £411m and lower redemptions over the first half of the year, despite what it called “a more difficult market environment”.
