PEOPLE MOVES: Aviva, Novia Global, Investec AM
Aviva chief executive in shock departure
Aviva chief executive in shock departure
International wealth management group St James’s Place makes several changes to its range of funds, Artemis appoints Jasper Berens, former JP Morgan Asset Management UK head, to take over its head of distribution and Martin Currie poaches from Blackrock.
A former Nexus Singapore financial planner joins Guardian Wealth in Dubai, Mark Mobius nabs two former Franklin Templeton colleagues for his asset management boutique and Axa announces the retirement of a veteran fund manager.
Sterling Strategic Bond funds with large allocations to equities have fallen from top to bottom quartile in the year to date, coinciding with volatility returning to stock markets after a buoyant 2017.
The presence of so many mega-cap stocks in the UK market introduces a risk for equity income investors, in the form of dividend concentration.
Several senior appointments were announced this week, with Schroders creating a new role, Artemis appointing a new chief investment officer, and State Street Global Advisors naming a new fund head in the Netherlands.
Artemis is the latest asset manager to join the partnership programme of the Federation of European Independent Financial Advisers (FEIFA).
BlackRock claimed top spot in the gross retail sales table for the second consecutive quarter, the Pridham Report revealed on Monday.
Artemis is to launch two new US equity funds on Monday, completing the five fund US range the firm has been planning since Cormac Weldon and Stephen Moore joined the firm in April.
Fund and wealth managers are still trying to understand the impact of the pension changes George Osborne made in his recent Budget. Richard Romer Lee suggests five funds that are already ahead of the game for those who need an ongoing supply of income.
Artemis is planning to bring a quintet of US-focused funds to market as five more heads from the North American equities team follow Cormac Weldon and Stephen Moore to the group.
Third quarter of 2014 targeted