Fixed income shines in record-breaking year
UK fund sales hit a record level in 2017, buoyed by £14.3bn flowing into fixed income products.
News
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Axa IM launches low cost share class for Lifetime Distribution fund
Axa Investment Managers is offering a “keenly priced” share class for its Lifetime Distribution fund at an estimated 46 basis points ongoing charges figure (OCF).
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Invesco expands Luxembourg-domiciled Ucits range
Invesco has expanded its Luxembourg-domiciled Ucits range with the launch of the Sustainable Allocation and Global High Yield Short Term Bond funds.
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Luxembourg fund industry grows 11.18% in 2017
Luxembourg’s popularity as an international fund management centre helped boost assets under management (AUM) in the tiny Duchy by 11.18% in 2017 to reach €4.16trn, according to the Association of the Luxembourg Fund Industry (ALFI).
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Rio Tinto’s record $5.2bn dividend gets muted reception
Still reeling from the global sell-off, markets had a more muted response to Rio Tinto’s full-year results, despite the group posting a surge in profits and a record $5.2bn dividend.
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Rodrigs leaves River & Mercantile over ‘conduct issue’
Philip Rodrigs, lead manager on three River & Mercantile UK funds, left the firm on Wednesday following “an investigation into a professional conduct issue”.
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Blackrock launches global high income fund
Blackrock has launched a global high-income fund designed to broaden income sources for investors in the current low interest rate environment.
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Canaccord Genuity breaches £25bn in AUM
Canaccord Genuity Wealth Management’s UK and Europe branches reached the £25bn assets under management mark by the end of the third quarter for the fiscal year 2018.
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VCT demand up more than 50% year-on-year
Demand for venture capital trusts (VCTs) in the current tax year is exceeding that of last year, with some £474m already invested, according to analysis from Wealth Club.
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Investec Group loses three founding members amid board reshuffle
Investec chief executive officer (CEO) Stephen Koseff and managing director Bernard Kantor are stepping down from their roles as of 1 October 2018, while risk and finance director Glynn Burger is set to retire on 31 March 2019.
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Janus Henderson suffers $10.2bn outflows in 2017
Janus Henderson has reported net outflows of $10.2bn during 2017, its first year as a fully-merged entity.
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Hargreaves suffers from FTSE 100 slump as assets hit £86bn
Hargreaves Lansdown was swept up in the FTSE 100 sell-off on Tuesday, despite posting a strong set of first half results, including £3.34bn of net new business.
