ii: Money market fund purchases up 77% in April as investors flock to safety
Most investors fled volatile markets in the wake of Trump’s tariff, but others took advantage of depressed US valuations
L&G
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Evelyn Partners’ MPS exits L&G and Artemis corporate bond funds to buy Gilts
On the equities side, the MPS has trimmed down UK exposure
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L&G Asset Management sees AUM fall by 2% amid outflows
L&G Asset Management grows revenue by 4%
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Spot the Dog: Number of underperforming mega funds on the rise
A total of 15 funds worth over £1bn each accounted for 59.6% of the assets of all funds that underperformed over the past three years
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Quilter Monthly Income adds EMD amid allocation changes
Fund has split its fixed income exposure into four, rather than using a single broad index
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L&G Asset Management profits drop 14% following strategy shakeup
The fees involved with merging its investment management and capital divisions proved costly, weighing on its half-year results
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PEOPLE MOVES: Sparrows Capital, L&G, Nuveen, Liontrust, GQG, Callanish Capital, Wealth Club
Sparrows makes hire from 7IM