Equity fund sales in US hit record $58bn
US investors have begun 2018 in a very bullish mood, with inflows into equities funds over the last four weeks hitting a new record, according to a report from BofA Merrill Lynch Global Research.
News
-
-
Household spending at peak as retail sales drop
Average weekly household spending rose to its highest level since 2006 for the financial year ending 2017, as retail sales for December declined.
-
Impax merger creates £11bn sustainable investor
Impax Asset Management has completed its acquisition of American sustainable investor Pax World Management, creating a £11bn ethical fund house.
-
‘Hitman’ using Facebook data in offshore bitcoin scam
Jersey’s regulator and financial crime unit have warned of email threats to send hitmen to people’s homes unless they make a substantial payment in bitcoins.
-
Revealed: Winners of the PA Wealth Manager Awards 2018
The UK’s top wealth managers were today crowned at the Portfolio Adviser Wealth Manager Awards, held at a gala ceremony in London.
-
Miton sees 32% jump in assets
The AIM-quoted Miton Group today announced its assets under management (AUM) rose some 32% over the calendar year, from £2.9bn at the end of 2016 to £3.82bn at 31 December 2017.
-
US government shutdown sees pound climb
The prospect of a US government shutdown has seen the pound climb to its highest level against the dollar since Brexit, while cryptocurrency Bitcoin continues to decline.
-
Baillie Gifford appoints five new partners
Baillie Gifford has announced the appointment of five new partners as four existing partners retire, effective from 1 May 2018.
-
Orbis: Government bonds are the asset to avoid
Government bonds are “frighteningly risky” and the assets to avoid according to Ashley Lynn, an analyst at Orbis Investment.
-
Allianz opens US structured alpha fund to UK investors
Allianz Global Investors has launched a fund which aims to deliver an excess return of 2.5% from the S&P 500 by adopting a passive and active approach to investing in US equities.
-
Lloyds Private Bank: Confidence in UK assets returns
Investors warmed toward UK asset classes in January, as general sentiment touched its highest level in eight months according to the latest findings from the Lloyds Private Bank Investor Sentiment index.
-
Brexit must not hinder fraud investigations, UK watchdog warns
Brexit must not interfere with the way criminal professionals are pursued throughout the UK and Europe, the head of the UK’s Serious Fraud Office (SFO) has warned.
