Standard Life Aberdeen loses top client
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
More than £1bn of retail money flowed into ethical funds in 2017, representing the highest annual level of sales for this type of fund ever, but the sector’s progression is stifled by an identity crisis.
Global asset managers are expected to hold 25% of China’s mutual fund industry assets within a decade, due to regulatory changes and the competitiveness of the foreign firms, according to Shanghai-based consultancy firm Z-Ben Advisors.
The Fry Group has revealed its new managing director and chairman from 1 April is to be Jeremy Woodley, its long-standing sales and marketing director, who is intent on accelerating plans for further offices across the world.
Itaconix and RM2 International, two small-cap firms that are majority owned by Neil Woodford, have reported cash troubles in their latest trading updates. Elsewhere, the heavyweight UK manager has doubled his exposure to builder Crest Nicholson.
Consumer price index (CPI) inflation remained at 3% in January, defying the consensus view that it would marginally dip to 2.9%.
Improving fundamentals in the emerging market debt market are outweighing recent notes of caution about valuations, according to Morningstar.
Friday 16 February marks the Chinese New Year, with 2018 welcoming the Year of the Dog. However, while the dog is associated with honesty, faithfulness, and a strong sense of responsibility in the Chinese zodiac, investors will be hoping for a repeat of 2017 – the Year of the Rooster – which saw the MSCI…
Developing nations have been racking up a lot of debt over the past few years, but Rathbones’ head of asset allocation research, Edward Smith, thinks this is unlikely to spark a widespread credit crisis.
A volatile political landscape, constant regulatory upheaval and a recent economic downgrade to junk status are just some of the many challenges an adviser must overcome when setting up a new financial planning firm in South Africa.
Ashmore continued to benefit from high investor demand for emerging markets products, recording close to $8bn (£5.7bn, €6.5bn) in net inflows over the first half of the year.
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