Markets muted as polls get Italy vote right
European markets were largely unmoved on Monday morning despite the Italian electorate’s decision to reject Prime Minister Matteo Renzi’s call for constitutional reform.
Fidelity
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PEOPLE MOVES: US SEC, Zurich, LGIM
The list of jobs to be filled by president-elect Donald Trump just got longer after the SEC’s chair confirmed she will step down at the end of the Obama administration. Zurich has named the new chief executive of its UK business, with Legal & General IM making senior appointments in the US.
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PEOPLE MOVES: Andy Robinson, MetLife, Lombard Odier
Today’s people moves column boasts an embarrassment of riches as the industry seems to be getting its house in order before the Christmas break. Former Zurich man Andy Robinson has resurfaced, while MetLife has named a chief executive in Hong Kong. Lombard Odier’s new chief operating officer has left the world of haute couture to…
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Fidelity’s Dan Roberts on the global hunt for income
Dan Roberts runs Fidelity’s Global Dividend Fund with a steady eye on the long view, he aims to deliver a low-stress investment experience for unitholders.
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ANALYSIS: Inflation is here to stay – invest wisely
With rising prices for fuel, restaurants and hotel rooms pushing up UK inflation, is it any great surprise we’re all staying at home watching Netflix?
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UK unveils plans to create single state-backed advice body
The UK government will create a new single body to offer guidance on pensions, debt and other financial issues.
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PEOPLE MOVES: BNP Paribas, Maseco, Fidelity International
BNP Paribas Investment Partners has lured its new global head of sales from Deutsche Asset Management, while Maseco has selected a former Barclays man as its chief operating officer. Fidelity International has named a BlackRock veteran as its global head of consultant relations.
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US equities: If you can’t beat them, join them
European investors have been dismissing US equities as too expensive for a couple of years. But as the S&P 500 continues to outperform other equity markets, appetite for the asset class is again on the rise.
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PEOPLE MOVES: Schroders, Royal London, Fidelity Int’l
Schroders has created a global head of strategy role, while Royal London has appointed a managing director of its Ireland business. Fidelity International is bidding adieu to a veteran portfolio manager, with Indosuez naming a new chief executive.
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Five myths about investing for children
With the new school year about to start in the UK, Fidelity International’s investment director for personal investing, Tom Stevenson, debunks five myths about investing for children.
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Advisers using technology well see 40% rise in AUM, says report
Financial advisers making the most of technological advances have almost 40% more assets under management (AUM) than their counterparts, new research suggests.
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ANALYSIS: Is timing now more important than time in the market?
In its latest Flow Show note, Bank of America Merrill Lynch pointed out that, at current rates, it would take you 1,387 years to double your savings in a 1-year German deposit account.