IMA

Income manager Carl Stick discusses his outlook for UK stock market valuations and how he is using his cash as a strategic asset.

The IMA has issued a series of alternatives to the FSA's "perverse" proposed changes to the Financial Services Compensation Scheme (FSCS), having previously criticised its unfair treatment of asset managers.

LGIM's HODGES

Two boutique fund management houses have dropped FTSE Group from client literature after being asked to pay an annual licence fee to feature its indices and branding, with costs ranging between £15,000-£20,000.

BlackRock's Continental European Income fund was launched in May last year at a time when Europe was the last place many investors wanted to be, but this was part of the appeal, according to fund manager Alice Gaskell.

The government should reconsider its decision not to adopt Vickers report proposals on derivatives and questions now need to be asked over a full split between retail and investment banking, according to the IMA.

Fixed income continues to be the asset class of choice for UK retail investors, accounting for more than half of July's net retail sales, the latest figures from the Investment Management Association (IMA) show.

Carmignac Gestion has followed Legg Mason in adding some of its flagship funds to the IMA's sector listings for the first time, while PIMCO is understood to be in talks to make a similar move.

Legg Mason has added its $1bn Brandywine Global Fixed Income fund and 16 other offshore offerings to the IMA's fund sectors for the first time.

WEALTH MANAGERS