Mobius plans threaten to lure Temit assets
Mark Mobius has already poached ex-colleagues from Franklin Templeton Investors, now a closed-ended launch could swipe flows from his former employer
Mark Mobius has already poached ex-colleagues from Franklin Templeton Investors, now a closed-ended launch could swipe flows from his former employer
Experts look at how investors can position themselves if the UK crashes out of the EU
Sterling Strategic Bond funds led redemptions in June as the UK funds industry sees net sales fall 75% from the same period last year.
The UK’s Financial Conduct Authority (FCA) has failed to recognise platforms with whole of market fund offerings lack the negotiating power of their peers who have buy lists or limited fund ranges as it calls on the industry to drive down fund fees on behalf of consumers.
AJ Bell and Seneca are among investment managers shedding bonds as rate hikes loom, but others are concerned alternative assets present new sources of risk.
With interest rate rises looming, duration concerns are now becoming more tangible and many commentators are wondering if a bond mis-selling scandal awaits low-risk portfolios full of bonds.
The UK’s Financial Conduct Authority has been taken to task for a lack of transparency over its enforcement of Mifid II rules around costs and charges by Gina Miller, co-founder of wealth management firm SCM Direct.
Intermediaries are being urged to focus on total returns as the low-yield environment pushes income portfolios into higher risk categories.
From banning exit charges to drawing on the platform industry to tackle orphan clients, the Financial Conduct Authority has outlined seven remedies to improve consumer outcomes.
St James’s Place, Neptune and Aviva Investors are among asset managers with £657.7m ($869m, €744m) in three companies connected with US detention camps holding immigrants and their children.
Finsbury Growth & Income mananger Nick Train has played down stretched price-to-earnings ratios on companies like Hargreaves Lansdown as he warns digital disruption could mean value investing is consigned to the last century.
Services have bolstered UK GDP growth less than a week after Prime Minister Theresa May outlines plans to pursue a Brexit trading relationship with the European Union focused on goods.