Copia launches managed portfolios targeted at decumulation
Copia Capital Management, the discretionary fund management division of Novia Financial, has launched a range of managed portfolios purpose-built for decumulation.
Blackrock
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iShares European ETF first to top $20bn
Blackrock’s iShares Core S&P 500 Ucits ETF has become the first European ETF to top $20bn (£16.1bn, €18.9bn) in assets, coinciding with new highs in the S&P 500 index as the reflation trade continues.
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Europe’s ETF market hits record but sales growth slows
The European ETF market hit a new record in terms of total funds under management last year though the flow of money in the asset class slowed from the record levels of 2015, according to new data from Thomson Reuters Lipper.
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PEOPLE MOVES: BlackRock, Pimco, Manulife AM
BlackRock has hired former chancellor George Osborne for a part-time role. Pimco has named a head of Asia Pacific and head of US global wealth management, while Manulife Asset Management has appointed a chief executive for Thailand.
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BlackRock fined $340k for removing whistleblower incentives
BlackRock has agreed to pay $340,000 (£278,844, €318,931) to settle charges that it forced soon-to-be ex-employees in the US to waive their ability to claim financial rewards for whistleblowing.
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Sustainable and reliable income is key to returns in 2017
There are great opportunities in the coming year for investment in companies that offer sustainable and reliable dividend growth prospects, says James Lamont, managing director, lead global equity product strategist at BlackRock.
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Ex-BlackRock fund manager goes to jail for insider dealing
A former fund manager at US giant BlackRock, Mark Lyttleton, has been jailed for one year after admitting two counts of insider dealing.
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PEOPLE MOVES: BlackRock, Lombard Odier, Moore Stephens
After 11 months of musical chairs, things quietened down this week. A BlackRock veteran is to depart the company and possibly the industry. Lombard Odier has appointed a head of independent asset managers, while Moore Stephens has named a chief executive for Jersey.
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Fiscal policy could drive Asian equities in 2017 – BlackRock’s Swan
A transition from monetary to fiscal policy, progress on reforms in the region and low valuations make Asian equities attractive in 2017, said Andrew Swan, head of Asian equities at Blackrock in Hong Kong.
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Ex-BlackRock man Lyttleton pleads guilty to insider trading
Mark Lyttleton, a former fund manager at BlackRock, pleaded guilty on Wednesday to two counts of insider trading and will be sentenced on 21 December, the Financial Conduct Authority has confirmed.
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BlackRock sees US RDR-style rules impacting investment flows
The US Department of Labor’s planned RDR-style rule change on providing investment advice for retirement planning, will have a major impact on investment flows, fund management giant BlackRock said in its quarterly results statement on Tuesday.
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BlackRock cuts ETF prices ahead of US RDR-style rules
BlackRock, the world’s biggest asset manager, is cutting prices across its core ETFs ahead of a new US rule that will require financial advisers to put clients’ best interests ahead of their own profits.