Funds

AXA Elevate is to lower the discount it offers to users who buy the group's own Architas fund range in 2013.

Hector McNeil, an ex managing partner of ETF Securities, has predicted major consolidation in the ETF industry over the next few years.

Investment trust broker Oriel Securities has unveiled the 10 highest yielding investment trusts in the market, for income seekers who are not afraid to take on equity risk.

Standard Life's Global Absolute Return Strategies fund has dropped out of the top ten highest inflows on Fidelity FundsNetwork, according to data from the platform.

Lindsell Train co-founder Nick Train said he is no longer comfortable increasing exposure to Hargreaves Lansdown, amid fears its share price could suffer a setback as the firm adjusts to the world post-RDR.

High-net-worth wrap provider Platform One and Seed EIS are to launch an integrated platform for Enterprise Investment Schemes.

Uncertainty over the outcome of the US presidential election, the fiscal cliff and Hurricane Sandy saw inflows into global ETFs slow sharply in October, according to consultancy ETFGI.

SMALL CAPS

Fidelity has appointed head of platform operations Pat Shea to run its FundsNetwork platform.

Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m.