Asset managers' recent interim results have been peppered with words like "challenging" and "difficult", as risk aversion among investors grows and fund outflows hit multi-year highs.
European investment managers suffered the worst month for fund flows in five years in June, according to Morningstar data, across active and passive offerings. Bond funds saw outflows of nearly €11bn...
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To repay £900,000 to customers
Inflation above 2% for first this this year
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Raising the group's profile in the UK