UBS shields against FX moves with latest ETF launch
UBS Asset Management has launched a sterling-hedged exchange-traded fund (ETF) tracking the S&P 500, listed on the London Stock Exchange.
News
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Dymott to leave Fidelity
Fidelity International’s Ed Dymott is leaving the firm after almost 17 years to pursue other opportunities.
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Financial crime will ‘mutate and morph’- FCA chief
It would be unwise to say that financial crime has been beaten as it will always “mutate and morph”, according to Andrew Bailey, chief executive of the UK’s Financial Conduct Authority (FCA).
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Hargreaves Lansdown confidence index slides
Hargreaves Lansdown’s Investor Confidence Index reached a low of 59 points in November, its lowest level since the index began in 1995.
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LGIM names new CIO and America business CEO
Legal & General Investment Management has promoted Anton Eser to chief investment officer.
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AstraZeneca’s lower profits bitter pill to swallow
Shares were down 2.5% to 4,461.5p late Thursday morning, following reports the pharmaceutical group’s pre-tax profits had slipped 29%.
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Managers await the reality of Trump’s Asian threat
Asian markets have recouped all their knee-jerk losses as the dust settles follow Donald Trump’s US presidential election win.
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UK and European equities head Whitley to leave Aberdeen
Aberdeen’s head of UK and European equities Jeremy Whitley is to leave the firm in March after 16 years, succeeded by his deputy Ben Ritchie.
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Corporate bond funds the most consistent performers – BMO GAM
Retail funds are still struggling to deliver consistent top-quartile returns but IA Corporate Bond is doing a better job than most, according to BMO Global Asset Management.
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Trump’s anti-immigrant, isolationist stance pumps up inflation expectations
President-elect Donald J Trump’s aggressive positions on immigration, infrastructure spending and isolationism could push up wage and core inflation, commentators fear.
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Markets shake off Trump triumph, but long-term risks loom
The surprise US election victory by Donald Trump has greatly increased uncertainty, yet asset prices are now back at similar levels as just a couple of days ago when a Clinton victory looked more likely.
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Woodford expects healthcare boost after Trump win
Neil Woodford expects returns from the bullish healthcare allocation in his three funds could now pick up following today’s win for Donald Trump.