Hargreaves Lansdown said the move to super clean share classes will not automatically lead to a ‘new normal' annual fund charge of 65bps, claiming it has already negotiated greater discounts with some groups.
Fixed income managers have taken profits on their short positions in US treasuries in the expectation this week could mark the start of a short-term rally.
Old Mutual has replaced Jupiter and Newton on a number of mandates within its £234m European Best Ideas fund with a range of in-house Old Mutual managers and Alken's Nicolas Walewski.
Old Mutual Global Investors' Richard Buxton has warned five major trends could affect the global economy throughout September and October.
Old Mutual's Richard Buxton has warned investors in the housebuilding sector the UK is far from experiencing a housing boom.
Fund buyers have been rotating their equity exposure from growth to value plays, to take advantage of improving global economic conditions.