Axa

MULTI-ASSET

ON SPECIALIST

Former Architas multi-manager Richard Philbin has joined Hampshire-based asset manager Hasley Investment Management.

Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.

GOSLING'S GROUSE

With banks hitting the headlines for all the wrong reasons, Joanna Faith asks financials managers whether the recent volatility has provided a good buying opportunity or whether there is better value elsewhere.

European companies trading on high price/earnings ratios amid a cheap market can still deliver strong returns for investors in the coming years, according to Mark Page, co-manager of the Artemis European Opportunities fund.

Investors are concerned recent sharp moves in Apple's share price are distorting returns for the wider US market, suggesting some indices may have to be rebalanced to lessen the tech giant's dominance.

Monetary Policy Committee member Adam Posen's surprise decision to curtail his calls for further quantitative easing in the UK raises questions over the Bank of England's next move.

AXA IM manager Julian Thompson has questioned the findings of a McKinsey study which suggests a ‘funding gap' may reshape global markets over the next decade.