Momentum ETFs: the friendly trend
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.
Momentum
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Momentum Wealth Int’l adds ETFs to platform range
Guernsey-based platform Momentum Wealth International has introduced a range of ETFs for the first time, in the expectation that financial advisers will make increasing use of this type of investment vehicle in client portfolios.
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Int’l platform Momentum adds ‘guided architecture’ fund range
International platform provider Momentum has launched a new “guided architecture” fund range, which it has developed with its UK asset management arm Momentum Global Investment Management (MGIM).
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PEOPLE MOVES: Momentum UK, Russell Investments, Hermes
Industry veteran Peter Mann has reappeared at Momentum UK, while Russell Investments is banking on an ex-BlackRock man to head up its Europe, Middle East and Africa region. Hermes has named a head of fixed income.
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PEOPLE MOVES: Indosuez, Zedra, PraxisIFM
Indosuez Wealth Management has appointed a head of markets and investment solutions for Hong Kong, while Zedra has made three senior hires. PraxisIFM has created a group finance director role following the firm’s expansion in 2016.
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Momentum’s Klempster on outcome-based asset allocation
James Klempster says the three Momentum Factor multi-asset funds are more aligned to clients’ real-world outcomes than their traditional counterparts
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Provisca targets ‘stable of great brands’ within five years
In the wake of launching Provisca, founders Bryan Low and Nigel Watson talk about the challenges facing the offshore market and how they cater to the financial services ‘trinity’ of product providers, IFAs and clients.
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Major Sth African insurer targets international life markets
Provisca, the international distribution business launched in August by Nigel Watson and Bryan Low, has signed its first partnership agreement, opening up the products of South Africa’s third largest listed insurer to international markets.
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AJ Bell relabels property funds in Sipps after suspensions
Self-invested personal pension (Sipp) provider AJ Bell has confirmed that it has reclassified the commercial property funds, suspended in last week’s market turmoil, as non-standard assets under the Financial Conduct Authority’s (FCA) upcoming capital adequacy rules.
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Concept of open-ended property funds is absurd – Seneca
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
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Qrops specialist Momentum launches free transfer UK Sipp
Malta-based pension specialist Momentum Pensions has launched a self-invested pension product (Sipp), giving the firm’s 5,000 expat clients the option to switch their Qrops, for free, into a Sipp, should they decide to move back to the UK.
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PEOPLE MOVES: Schroders, Zurich Insurance, LGIM…
Schroders courted a little controversy this week with the appointment of its new board chairman. Zurich Insurance named a new chief underwriting officer in Asia Pacific, while Legal & General Investment Management created a new head of product role.