In delivering his Autumn Statement this afternoon Chancellor of the Exchequer Philip Hammond announced cuts to growth forecasts and a £23bn fund to tackle a lack of productivity in the British economy.
Aviva Investors will resume dealing in its £1.5bn Property Trust on 15 December, the last of the major property funds to reinstate trading since widespread suspension took place over the summer.
United Utilities’ share price enjoyed a 3% jump to 922.50p as it reported its first half financial results, with its chief executive saying he was “encouraged” and “confident” with the company’s progress.
European equities are now on their longest net outflow streak since 2012. But it is not just equity funds that are being sold off. Bond funds are also under increasing pressure.
Axa Investment Managers (IM) has launched a US high-yield bond fund for Carl ‘Pepper‘ Whitbeck, head of US fixed income at the group.
Rate hikes and anti-global trade sentiment aside, emerging market equities remain cheap and fundamentals are stabilising, according to investment director Jeik Sohn.
European investors poured money into money market funds in October, as caution continued to rule the roost.
The Bank of England is likely to cut rates yet again in 2017 despite the return of significant inflation to the economy, according to UBS Wealth Management.
WH Ireland has announced the next step in its outsourced technology plan with the roll out of Intelliflo’s Intelligent office solution within its Wealth Planning division.
More than 60% of wealthy investors in Germany, Switzerland and the UK are “fairly” or “very” confident in their ability to construct investment portfolios without any outside help, according to a study conducted by asset management consultancy Cerulli.
Skagen has named Øyvind Schanke as its new chief executive, effective from 1 February 2017.
Wells Fargo Asset Management has launched two new UCITS-compliant funds marketed to both retail and institutional investors in the United Kingdom and elsewhere in Europe.
