Seneca trust cuts Aberdeen in favour of Samarang
Seneca Investment Managers has cut its holding in the Aberdeen Asian Income fund and used the proceeds to add the Samarang Asian Prosperity fund to its Global Income & Growth trust.
News
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Hermes: Four views on how elections will impact EM
International politics is regularly in the spotlight and has historically been known to affect emerging markets. With several elections coming up across the region, four managers at Hermes Investment Management assess the potential impact on asset classes and how investors can prepare for the risks.
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Mark Mobius to launch his own EM fund
Mark Mobius is reportedly starting his own fund management firm and has also joined the investment committee of Mumbai-based venture capital firm Equanimity Investments, according to local media reports in India.
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HSBC’s shares slide as profits miss expectations
HSBC has reported its 2017 full year profits were 11% higher than the previous year but this still fell short of analyst expectations.
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AJ Bell launches active MPS
AJ Bell Investments has launched an active version of its Managed Portfolio Service, with six risk-managed portfolios.
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Franklin Templeton launches EM local currency bond fund
Franklin Templeton Investments has launched a Templeton Emerging Markets (EM) Local Currency Bond fund.
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Ex-Intrinsic CEO Freeman to finally retire from OMW
Old Mutual Wealth (OMW) has announced its chief distribution officer Richard Freeman will retire for real by the end of June this year.
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Panama Papers to net UK taxman extra £100m
Investigations into the Panama Papers are expected to generate £100m ($140m, €113m) in additional tax, HM Revenue & Customs confirmed to law firm Collyer Bristow.
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Axa IM restructures research around five themes
Axa Investment Managers (IM) Framlington Equities has restructured its internal research capabilities to integrate five main thematics it believes will impact future returns.
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FCA and IA launch fintech initiatives
Fintech was the order of the day on Monday as the Financial Conduct Authority and Investment Association launched initiatives aimed at supporting innovative firms that have the potential to transform the asset management industry.
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Failed Scottish Widows merger behind Lloyds’ £109bn exit
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
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Global dividends hit record $1.3trn
Global dividends reached a record high in 2017, boosted by a strengthening world economy and rising corporate confidence, according to Janus Henderson.
