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.
Old Mutual Global Investors has created a new head of China business role, while Newton Investment Management is bidding farewell to its veteran chief executive and Rathbones has appointed a new head of equity research.
Eastspring Investments has announced a distribution agreement with Vontobel to offer funds in Taiwan, giving the asset manager access to retail investors in the key financial hotspot.
FPI has named a new financial director and Source has appointed a UK chief executive. In spite of break-up rumours, Old Mutual Wealth has hired a head of proposition from Sanlam. Both Vonobel and Aviva Investors announced departures.
Swiss-based Vontobel has launched a Luxembourg-domiciled high yield bond fund targeting an annual return of between 5% and 9%.
Swiss bank Vontobel has appointed a new head of its private banking business, as it seeks to target key markets including Eastern Europe and Russia.
