Standard Life Aberdeen hailed its decision to sell its insurance arm as “a major step” on the road to becoming a “world-class investment company”, but analysts suggest that Phoenix is the real winner here.
Bond, equity and mixed asset funds registered for sale in Hong Kong were up in double-digit percentages in 2017, capping a buoyant year for the special administrative region’s mutual fund industry, according to the December quarterly report from the Securities and Futures Commission.
Recent statistics from Eurostat showed that the European Union economy expanded at its fastest rate for 10 years in 2017, registering a 2.5% increase on the year before.
The emerging markets optimist is reportedly starting his own fund management firm and has also joined the investment committee of Mumbai-based venture capital firm Equanimity Investments, according to local media reports in India.
Global dividends reached a record high in 2017, boosted by a strengthening world economy and rising corporate confidence, according to Janus Henderson.
Discussing inflation and interest rates at a dinner party is a sure-fire way to lose friends. For investors fighting against the tide of today’s backdrop though, it’s a topic that simply isn’t being talked about enough.
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
More than £1bn of retail money flowed into ethical funds in 2017, representing the highest annual level of sales for this type of fund ever, but the sector’s progression is stifled by an identity crisis.
Global asset managers are expected to hold 25% of China’s mutual fund industry assets within a decade, due to regulatory changes and the competitiveness of the foreign firms, according to Shanghai-based consultancy firm Z-Ben Advisors.
The Fry Group has revealed its new managing director and chairman from 1 April is to be Jeremy Woodley, its long-standing sales and marketing director, who is intent on accelerating plans for further offices across the world.
Itaconix and RM2 International, two small-cap firms that are majority owned by Neil Woodford, have reported cash troubles in their latest trading updates. Elsewhere, the heavyweight UK manager has doubled his exposure to builder Crest Nicholson.
Consumer price index (CPI) inflation remained at 3% in January, defying the consensus view that it would marginally dip to 2.9%.
