August retail sales defy expectations
In a surprising turn of events, the Office for National Statistics reported that August retail sales in the UK delivered strong volume growth against the odds.
News
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US equity rally has no solid footing
The S&P 500 just keeps setting new all-time highs, but the rally could soon reverse since it’s driven increasingly by technology stocks alone.
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Alliance Bernstein signs distribution deal with Raymond James
Alliance Bernstein (AB) has forged a distribution partnership with Raymond James’ UK wealth management arm, allowing clients to access nine strategies on its platform.
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M&G to revamp Global Basics fund
M&G wants to change the name and investment policy of its £2.1bn M&G Global Basics fund so that it can invest beyond just ‘basic economies’.
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Candriam bolsters €35.2bn fixed income line
Candriam has expanded its fixed income range with the launch of a total return defensive bond fund.
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Government must tackle £200bn consumer debt crisis
The Financial Conduct Authority has called on the government to come up with a solution to Britain’s dangerous ballooning consumer debt problem.
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Fresh recruits aid Brown Shipley expansion
Brown Shipley has added to its Edinburgh office in a fresh push to expand its wealth management services.
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Why the bull market dip has been and gone
Wintle, who recently launched the actively-managed VT Tyndall North American Fund, has built a bullish case for the US economy, batting off bearish claims that a long-running bull market will soon come to a crashing end. Instead, self-confessed bull Wintle has argued a period of negative earnings per share (EPS) growth from late 2014 to…
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Equity ETF flows drop below €1bn
Net sales of equity ETFs fell dramatically in August, according to Lipper data, with net flows into eurozone equity ETFs showing the biggest drop, falling into negative territory.
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Asset management’s problem with race
A benchmark study from the Diversity Project has found that racial diversity remains one of the biggest issues facing the asset management industry.
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Senior Fidelity staff hit with redundancy offer
Senior staff at Fidelity International have been offered voluntary redundancy as the asset manager tries to trim its size and cut costs.
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Govt threatens crackdown on investors’ tax breaks
The Treasury has threatened to clampdown on a tax-relief system encouraging the wealthy to invest in start-up firms over fears investors are abusing the system.
