schroders

Investors looking at asset managers' shares should be buying into Jupiter, Schroders and Aberdeen this year, as major acquisitions and RDR continue to benefit the three businesses, according to JPM Cazenove analysts.

Pictet Asset Management has poached emerging market debt specialist Luke Chua from Schroders.

Schroders has launched a European credit fund for manager Patrick Vogel which aims to identify and tap into credit "sweet spots" across the continent in order to achieve a high yield.

Consolidation has been the watchword in the asset management sector this year and, consequently, the structure of the funds industry is changing as rapidly as the City skyline.

REVIEW OF THE YEAR

Sonja Laud, manager of the Schroders Global Equity Income fund, is to leave the group by the end of the year.

A number of asset managers stand to double their market share if they are prepared to be aggressive on super clean pricing, according to research from Barclays.

Managers and fund buyers have begun rotating out of UK mid- and small-cap stocks in anticipation of a mega-cap resurgence.

Fund groups signed up to Skandia's WealthSelect proposition are holding further talks with the platform after it altered its pricing plans, sparking concerns over margins.

Schroders' fixed income managers have been adding to US municipal bonds across their portfolios on the view that the sector is ripe for reappraisal by investors.