Terry Smith and Woodford top traded, Vanguard gains ground
While Fundsmith Equity, Woodford Income and Lindsell Train Global were the most popular funds in September, Vanguard “muscled its way in to the top five”, according to Interactive Investor.
While Fundsmith Equity, Woodford Income and Lindsell Train Global were the most popular funds in September, Vanguard “muscled its way in to the top five”, according to Interactive Investor.
Thailand’s Kasikornbank (KBank) has teamed up with Blackrock to launch the Kasikorn Equity Absolute Return Fund.
August was a hot month for momentum ETFs. The equity funds which track shares doing well in the stock market saw record inflows of $300m (€250m) from European investors, Blackrock reported.
US asset manager BlackRock has unveiled a diversified commodities exchange traded fund (ETF) with a total expense ratio of 0.19% as part of its iShares range of passive index trackers.
‘Lower for longer’ has become the typical characterisation of central banks’ interest rate policy. But it could also be applied to volatility, believes Blackrock.
BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.
Wealth managers traditionally allocate meagre chunks of their portfolios to passive, but with assets in exchange-traded funds passing the $4trn (£3.2trn, €3.6trn) mark globally last month, that could be set to change.
BlackRock has acquired a significant minority stake in digital investment manager Scalable Capital.
Record inflows in May powered total assets invested in exchange trade funds (ETFs) around the world across the $4trn mark. And Europe is picking up the pace.
Emerging market equities and bonds have outperformed their developed rivals by a large margin year-to-date, resulting in a surge in inflows. An acceleration in global growth and the absence of immediate macro concerns seem to underpin the current rally, but there are some obvious elephants in the room.
US asset management giant BlackRock has revealed a major shake-up of its actively managed equity funds, including job cuts and a greater use of technology in stock picking.
BlackRock and Vanguard have called on US officials to delay the introduction of landmark rules forcing financial advisers to act in the best interests of their clients, raising concerns the new regulations will confuse investors and add unnecessary costs to the financial service industry.