BNY Mellon

The Dow Jones is seeing upward movement as investors await the Fed's interest rate decision due later today.

BNY Mellon Asset Management vice chairman Jon Little has reassured retail investors the group plans to keep its soon-to-be-acquired Insight business "separate and distinct" from its other affiliates.

Lloyds' decision to sell Insight Investment to the Bank of New York Mellon for £235m and bring the rest of its asset management business under Swip saw its share price fall 0.3% to 90.72p in early trading today.

Lloyds is set to choose a buyer for its Insight Investments operations within weeks, having reportedly received five binding offers from firms including Schroders and Gartmore owners Hellman & Friedman.

Twelve leading fund groups are working together to support the launch of a multi-manager fund which allows investors to donate a proportion of the annual management charge to The Prince's Trust.

Old Broad Street Research has given new ratings to 14 funds, including 13 As and one AA.

BNY Mellon Asset Management has launched its Universal Euro Sovereign fund to UK retail investors. ...

Banking giant Barclays this morning confirmed it is in talks with US manager BlackRock over the sale of its Global Investors arm.

Stuart Cowley is to assume his position as head of fixed interest and macro at Old Mutual Asset Managers from 1 June.

Artemis' Strategic Assets fund looks set to be one of the most successful launches this year, expected to raise as much as £40m in its initial offer period.