bond sales dip to nine month low
European bond fund sales tumbled to a nine-month low in February at just 9.4bn, in line with a general trend, according to Lipper data.
European bond fund sales tumbled to a nine-month low in February at just 9.4bn, in line with a general trend, according to Lipper data.
Long-term funds attracted their highest monthly inflows in seven years in January, with both bond and equity sales contributing to the strength in numbers, according to Lipper data.
A strategy change for Royal London RL360° at the start of 2012 has paid dividends, according to the latest results, with the company boasting a 52% increase in sales of its regular savings business over the year.
Flows into bond funds reached 20bn across Europe in November, the second-best month since Morningstar first began collating the data in 2007.
First State Investments will move its global head of responsible investment role from Sydney to London, and hand it to new hire Will Oulton.
ING Investment Management has launched Euro Covered Bond Fund for credit gurus Roel Jansen and Dirk Frikkee.
Russian investment group Troika Dialog will launch a Luxembourg-domiciled Sicav containing two funds aimed at international investors.
Lazard Asset Management has launched the Global Controlled Volatility Fund, a long-only strategy designed to achieve market-like returns with 20% to 40% less volatility than its benchmark.
Total net assets in Irish-serviced funds grew by almost 30% in the 12 months ending 30 June, according to the Lipper Ireland Fund Encyclopaedia.
Investors throughout Europe are still moving money out of Ucits funds although the rebound in stock markets during October saw assets overall rise in value.
Paris-based fixed income specialist Tikehau Investment Management has launched a dated bond fund, TK Rendement 2016, with a target annual return of 7% to maturity.
Specialist fixed income boutique Glendevon King Asset Management has launched a Norwegian krone class in its new Global Bond Fund II, offering investors access to the safe haven growth story of the currency.