Asian distribution an increasing focus for OMGI
The aggressively expanding firm has a strategy to build distribution relationships in the mainland, said Warren Tonkinson, managing director, of Old Mutual Global Investors.
News
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Rio’s free cash flow fixation underlines broader mining challenge
“Boring is the new exciting” is how Rio Tinto CFO Chris Lynch characterised the diversified miner’s continued focus on improving productivity and better leveraging its existing asset base.
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Oil:US high yield correlation breaks down
The correlation between oil and US high yield markets broke down in July, indicative of a shift in the focus of the sector.
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Standard Life suspends property-linked life bond withdrawals
Customers with investments in Standard Life’s assurance bonds have been told they cannot access their money if any part – however small – of their funds are in ill-fated UK commercial property funds.
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Rio maintains “boring is the new exciting” mantra`
Tinto’s underlying earnings slumped 47% in the six months to end June 2016.
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HSBC and Standard Chartered shares jump despite profit slides
Shares in HSBC jumped 3.6% on Wednesday despite it revealing a 29% slide in profits to $9.7bn for the first half.
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Next profits up, but AXA Framlington steers clear
High street mainstay Next helped prop up the FTSE 100 this morning, having reported a year-on-year 0.3% rise in total sales over three months to end July.
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UK advisers warned of ‘inappropriate influence’ of introducers
The Financial Conduct Authority (FCA) has voiced concerns about the “inappropriate influence” that unauthorised introducers have on investment choices made by UK advisers, revealing that it has seen a growing number of cases where client pensions are being transferred into unregulated high risk products.
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CFA members say Brexit impact will be ongoing
The CFA Institute has a said a survey of its members revealed significant concern that Brexit will have ongoing consequences for investors.
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Referendum uncertainty triggered £3.5bn net outflow
The uncertainty stemming from the United Kingdom’s referendum on European Union membership was the main driver of a £3.5bn net outflow from UK asset managers in June, according to the Investment Association.
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Japan announces $45bn fiscal stimulus package
Japan is set to launch $45bn of new fiscal stimulus measures after Prime Minister Shinzo Abe and the cabinet gave the plan the go ahead.
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Equities’ ‘Goldilocks’ backdrop unsustainable – Fidelity
Fidelity International’s multi-asset team, Fidelity Solutions has further deepened its equity underweight.