Rathbones bears research costs at expense of unit trust margins
To comply with new Mifid II regulations, Rathbones Unit Trust Management has decided to bear the costs of its fund research but admitted unit trust margins “will not be unaffected.”
To comply with new Mifid II regulations, Rathbones Unit Trust Management has decided to bear the costs of its fund research but admitted unit trust margins “will not be unaffected.”
Greece has returned to the bond market for the first time in three years after issuing its first five-year euro-denominated bond at a yield of around 4.75%.
The Bank of England has expressed concern at the UK’s increasing level of consumer debt after warning that lenders are in a “spiral of complacency”.
Investors can assess whether a DFM offers value for money by unbundling the DFM’s service into admin costs, market access costs and applied research, and allocating a “reasonable cost to each”, a consultancy claims.
Global AUM in mutual funds is predicted to exceed $100trn by 2020, but active managers have been warned to adapt to stay relevant during the boom by research agency Cerulli.
Architas has expanded its investment team with the appointment of two new managers and an analyst.
A judge has ruled the Financial Conduct Authority can claw back £350,000 from a former Schroders fund manager convicted of insider dealing who led a ‘criminal lifestyle’.
The International Monetary Fund has lowered its growth forecast for the UK to 1.7% in 2017, while IHS Markit recorded waning optimism in the UK private sector.
Woodford’s Equity Income fund has nabbed a coveted five-star badge in its first rating by FE in the agency’s latest rebalance.
Jan Straatman, global CIO at Lombard Odier Investment Managers for five years, will retire at the end of this year the firm has announced.
Financial advisers from St James’s Place are failing to comply with rules on transparency around charges and some are misleading potential customers about what they can offer, an investigation by UK consumer watchdog Which? has found.
Investec Asset Management’s UK Equity Income manager Blake Hutchins has hailed British American Tobacco, recently ditched by Neil Woodford, as “the best global tobacco business”.