JP Morgan Asset Management plans to launch more funds for China distribution through the mutual recognition of funds scheme, even though overall MRF sales have been slowing, said Henry Tong, head of China retail business.
Standard Life and Aberdeen have clearly defined the roles co-chief executives Keith Skeoch and Martin Gilbert will fill once the companies merge. Killik & Co’s Sarah Lord surprised many this week by announcing plans to move on from the company, while OMGI has parted ways with its fixed income head.
The largest US equity funds are dominated by managers with a great deal of experience who focus on companies with the potential for durable growth.
Axa Life Insurance has lost its head of international brokers in Singapore, while the private banking arms of HSBC and JP Morgan have named regional heads of various European countries.
The co-managers behind JP Morgan Asset Management’s flagship Global Income Fund build customised, income-orientated ‘sleeves’ with the aim of delivering an attractive yield and capital appreciation to boot.
JP Morgan Asset Management has launched a Ucits fund for investors looking to maintain their holdings in fixed income and limit their exposure to rising rates, while still achieving a reasonable level of income in the current low interest rate environment.
JPMorgan Chase, HSBC and Crédit Agricole have been hit with fines totalling €485m (£409m, $521m) by the European Commission for rigging Euribor rates.
Old Mutual Wealth has partnered with the Chartered Insurance Institute (CII) to launch an Investment Academy, designed to help advisers meet new CII criteria.
Swiss private bank Julius Baer is reportedly hoovering up bankers from the defunct Singapore branch of BSI Bank. The US Securities and Exchange Commission has announced two more resignations, while JP Morgan Asset Management has created a chief executive and country head role in Australia.
Emerging market equities and debt have been the most popular asset classes with European investors this year. But now Donald Trump’s election threatens to spoil the party.
The death of the 30-year bond bull market that has formed the backdrop for most City careers has been predicted many times. It has yet to come to pass. But, if one were looking for signs that it is reaching an inflection point, the last seven days has proved a fertile hunting ground.
Emerging market debt and Asian equities, in particular Hong Kong stocks, still offer yield at acceptable valuations, according to JP Morgan Asset Management’s latest quarterly outlook.
