Funds

UBS Global Asset Management has closed its UBS Global Diversified fund as it continues to streamline its UK fund range.

FUND MANAGER FOCUS

BlackRock has appointed Rachel Lord from Citigroup as new head of iShares in Europe, the Middle East and Africa (EMEA) to replace Joe Linhares as he returns to the US.

Standard Life has announced a review of its FundZone and Sigma fund supermarkets, in a move to make them more "wrap-like".

FIXED FEES

Cofunds has abandoned a proposed tie-up with Barclays Stockbrokers to list investment trusts and ETFs on the platform in a blow for providers.

AXA Wealth is launching an exclusive share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

Hargreaves Lansdown has begun the process of telling groups if their tenders for inclusion in its ‘core' Wealth list have been successful, and is understood to have secured prices of around 50bps for equity funds and less for fixed income funds.

AXA Wealth is launching a new share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

TwentyFour Asset Management has raised £55m for its TwentyFour Income fund, more than the firm had targeted, after strong investor demand.