Standard Life Aberdeen (SLA) has reported outflows of £31bn (€35.2bn $43.3bn) in its first annual results as a combined entity following the £11bn merger between Standard Life and Aberdeen Asset Management last year.
Fidelity International has reversed its stance on research costs and is joining many asset managers in absorbing the fees of external research, instead of passing it on to clients.
Franklin Templeton Investments has launched a Templeton Emerging Markets (EM) Local Currency Bond fund.
Sanlam UK has continued its expansion by acquiring financial planning firm Grennan Advisers, adding £60m of assets under management (AUM).
Global stock markets were poised to end the week on a positive note on Friday, following the previous week’s sharp selloff, as investors shrugged off inflation fears and turned the focus back on economic growth and corporate earnings.
Invesco has expanded its Luxembourg-domiciled Ucits range with the launch of the Sustainable Allocation and Global High Yield Short Term Bond funds.
Since the start of the year, bitcoin has faced extreme volatility, suffering a further setback last week. But is this just a temporary blip or could this be the end for bitcoin?
European and Asian markets tumbled this morning after the Dow Jones took its biggest hit in six years.
Aberdeen Standard Investments and Fidelity have been named and shamed as the worst performing groups in Bestinvest’s bi-annual Spot the Dog report.
Neil Woodford’s flagship Equity Income fund was downgraded by data-provider FE Trustnet in its latest rebalance from five crowns to just one, six months after receiving the debut accolade.
The prospect of a US government shutdown has seen the pound climb to its highest level against the dollar since Brexit, while cryptocurrency Bitcoin continues to decline.
The active versus passive debate could be history by 2025, according to Blackrock’s Joe Parkin.
