Old Mutual Wealth in record quarter as platform and funds surge
Old Mutual Wealth has reported a 59% rise in net flows in a record quarter, as the business continues to prepare for a stock market flotation.
News
-
-
Cash was king as investors ran for cover amid Brexit triggering
Cash funds saw a surge in sales in March as investors fretted about the triggering of Article 50, according to data from one of the UK’s biggest distributors.
-
‘Confusing’ Draghi speech confirms ECB to hold rates
ECB president Mario Draghi confirmed European interest rates would remain unchanged on Thursday, in what senior investment managers described as a “confusing” performance.
-
7IM unveils new model portfolio service
Seven Investment Management (7IM) has launched a new managed investment service for advisers and added new features to its flagship discretionary managed portfolio.
-
Invesco boosts ETF offering with Source acquisition
Investment manager Invesco has confirmed it will take over Source, the London-based ETF provider.
-
Eurozone sovereign bond divergence ‘may signal opportunities’
Recent divergence between eurozone sovereign bond yields may be based more on perception than reality and offer opportunities for investors, according to M&G Investments.
-
Soaring compliance costs could eat up tenth of firms’ revenue
The rocketing costs of compliance could eat up a tenth of firms’ annual revenues in the next five years, wealth managers fear.
-
Schroders under fire for CEO payout
Corporate governance advisers have urged shareholders to vote against Schroders’ top-level executive pay, ahead of today’s AGM.
-
Pharma giant AstraZeneca slides on lacklustre results
AstraZeneca shares were trading slightly lower this morning after the firm reported a 12% fall in revenues thanks to a decline in sales of a flagship cholesterol treatment.
-
Lloyds Banking Group rockets by 3.6% as profits surge
Shares of Lloyds Banking Group have rallied after the group beat expectations in its first-quarter results.
-
Crux launches feeder to £1.5bn flagship fund
Crux Asset Management is launching a feeder fund on May 15 to complement its flagship £1.5bn European Special Situations fund.
-
Kames: IA’s ‘hokey cokey’ makes UK Equity Inc sector redundant
The Investment Association has been accused of doing the ‘hokey-cokey’ with the UK Equity Income sector by two Kames Capital managers, so much so they believe the sector has become ‘redundant’.
