PEOPLE MOVES: Royal London, Nedgroup, Legal & General, AXA IM
Ian McLeod joins from M&G Wealth
Royal London
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Fundsmith Equity drops off interactive investor buylist for first time
Fundsmith had featured on every monthly most sold list since interactive investor began tracking the data in 2018
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Is there any point investing in the US actively?
Active funds don’t come close to the high returns of the index trackers, with many multi-asset managers cutting their active exposure all together
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Tillit adds five funds to investment universe
Total number of funds on platform reaches over 100
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Interactive Investor: Fixed income investments triple in two years
Allocations to UK gilts soared 2,019% thanks to tax benefits
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Andrew Shepherd to retire as Brooks Macdonald group CEO
CFO Andrea Montague will become group CEO from October this year, subject to regulatory approval
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Prime minister Rishi Sunak places ‘economic stability’ at the forefront of election pitch
Conservative leader has called a snap general election for 4 July
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Asset managers report elevated gross retail sales in first quarter
Passive funds were the most popular purchase, accounting for 74% of all sales over the period
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Square Mile admits eight to Academy of Funds, drops two
Mercantile Investment Trust amid new class of funds to be awarded ratings
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PEOPLE MOVES: Evenlode, Sarasin & Partners, Royal London AM, FE Fundinfo
Rob Harris named Evenlode CEO
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Allianz, Guinness and Nordea top FundCalibre asset manager rankings
Royal London took fourth place and Man GLG fifth
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Royal London acquires later life lender
Building on its 40% stake in the company