Schroders confirms talks with Lloyds over wealth arm
Cazenove Capital stake could seal the deal for £109bn mandate
Cazenove Capital stake could seal the deal for £109bn mandate
Fund has risk level equal to or lower than a 70% bonds and 30% equities benchmark
Duration on the ‘go-anywhere’ fund will initially be around two years
Blackrock’s iShares has fended off Vanguard to retain the top spot in FE’s latest Passive Crown ratings list.
Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn ($144.3bn, €123.5bn) for Lloyd’s Banking Group (LBG), after its contract with Standard Life Aberdeen was terminated earlier this year.
Blackrock has blamed index tracking products for its large stake in a contractor involved in child detention centres in the US, while Vanguard, along with several active investors, has been silent on its exposure to the political controversy.
Blackrock has launched six active equity funds in Europe that will combine “human and machine” management.
Blackrock has undercut Vanguard by slashing fees on an iShares emerging markets product and matching its rival’s pricing on four European equity funds.
Investors in the Blackrock Emerging Europe investment trust will be able to exit at the net asset value, a regulatory filing published on Wednesday said.
Delegates at Dubai Multi Asset Masterclass 2018 reflect on why this type of product meet so many modern client needs.
Combining active allocation with passive ETF building blocks is at the heart of BlackRock’s multi-asset strategy range, according to senior product strategist Andrew Keegan.
Despite the return of market volatility, a Vietnam equity fund managed by JP Morgan Asset Management has soared to the top as best performer, according to data from FE Analytics.