Fund selector: Upsetting the Apple cart
Falls in Apple’s share price in recent months have served to highlight its powerful influence over the tech sector’s performance – and the consequences of the Ucits’ 10% weighting cap.
Author: Kirsten Hastings
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Axa IM launches smartbeta equity ESG fund
Axa Investment Managers has launched the Axa World Funds Global SmartBeta Equity ESG fund designed to provide a transparent, low cost way to invest responsibly whilst generating long-term returns and reducing risk.
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PEOPLE MOVES: UK prime minister, Old Mutual Wealth, UBS
For only the second time in its history the UK is to be led by a female prime minister. Old Mutual Wealth has appointed a chief risk officer, while UBS Asset Management has created a new sustainable and impact investing role.
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MetLife Hong Kong to more than double workforce in 2016
MetLife Hong Kong is on course to exceed its 2016 recruitment target of adding 1,000 new agents to its already 700-strong workforce.
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Mifid II, Solvency II most concerning for asset managers
Mifid II and Solvency II are the regulations asset manager think are most important this year, with data collection, enrichment and delivery identified as the most challenging areas.
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UK pensions at risk like never before, says deVere CEO
Pensions in the UK face an unprecedented level of risk following the vote to leave the European Union, according to deVere Group chief executive Nigel Green.
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Singapore consults on int’l exchange of tax information
Singapore’s Ministry of Finance (MOF) has opened a public consultation on the automatic exchange of information (AEOI) in tax matters, known as the Common Reporting Standard.
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UK regulator wades in to property fund suspensions
The Financial Conduct Authority (FCA) has reminded fund managers of their obligations to investors following the closure of a number of high profile property funds in the UK.
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UK prime minister candidate defends using offshore bank
Using an offshore Jersey bank does not make you a tax avoider, UK prime ministerial candidate Andrea Leadsom has said.
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UK adviser profit growth under threat
Despite 68% of UK financial advisers reporting more profitable operations this year compared with 2015, low growth in client funds is a potential threat to future profits.
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Schroders adds long/short pan Asian fund to GAIA platform
Schroders has launched the Schroder GAIA Indus PacifiChoice long/short equity fund in partnership with Indus Capital Partners, with the aim of delivering high risk adjusted returns while preserving capital during difficult market periods.
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PEOPLE MOVES: Aviva Investors, Axa IM, OTAP
Aviva Investors has named a new chief executive for its French operation, while Axa Investment Managers has boosted its responsible investment team. Overseas Trust and Pension has appointed a managing director, with Pimco adding an emerging markets strategist and a portfolio manager.