schroders

Total expense ratios (TERs) of 240bps for a combination of adviser fees, discretionary management charges, platform costs and fund manager fees are 'unsustainable' and will likely be driven down, according to Schroders head of UK intermediary Robin Stoakley....

Seven of the UK's largest asset managers are teaming up to gather information on end investors' needs in a move which could trigger changes to their fund ranges.

J.P. Morgan Asset Management (JPMAM)'s Tony Lanning has bought into a resources ETF across his multi-manager range, after exhausting the search for an active alternative.

Schroders has hard-closed Paul Marriage's Cazenove UK Smaller Companies fund following a wave of inflows into the product which saw it breach the £1bn mark.

THE BIQ QUESTION

Ryan Hughes is planning to increase exposure to Europe in the Apollo multi-asset portfolios in one of his first asset allocation moves since joining the firm.

Sales of equity funds are on track to reach their highest level since 2000, with net sales of £8bn in the first nine months of 2013.

Schroders has moved to hard close Paul Marriage's popular long/short Cazenove Absolute UK Dynamic fund in order to preserve performance.

Schroders recorded third quarter pre-tax profits of £121.6m, it said today, a 37% increase from £88.6m in Q3 2012, as the impact of the acquisition of Cazenove boosted its numbers.

PROPERTY