Fund managers and economists are turning more bullish on eurozone debt and asset-backed securities after the European Central Bank (ECB) cut rates to a new historic low.

The amount of private wealth held by households rose by 14% last year, fuelled by rising stock markets.

The managers of the Ruffer investment trust have added to their Japanese bank holdings, expecting the sector to benefit from a domestic recovery.

Skandia has negotiated an average deal of 40bps to 45bps for funds in its WealthSelect panel, Investment Week can reveal

Cofunds, has appointed former FNZ UK chief executive Paul McMahon as strategy director.

The European Central Bank has cut benchmark interest rates to a new historic low of 0.15% as it acts to stimulate economic growth and stave off another downturn.

Discretionary fund managers are failing their customers by adopting opaque and expensive charging structures, according to a new report.

Parmenion has launched its own in-house pension account as a complement to its range of third-party SIPP wrappers.

‘If people want to emulate what we did with GARS, they are welcome to try’

The Japanese stock market hit an eight-week high following the release of strong China manufacturing data and improving domestic consumer sentiment.