UBS

ETFs

UBS has upgraded Aberdeen Asset Management from neutral to buy after the group confirmed it is in talks to buy Scottish Widows Investment Partnership (SWIP).

Rob Gambi has been appointed chief investment officer of Henderson, starting in 2014.

UBS Global Asset Management has promoted John Dugenske to the position of global head of fixed income to replace exiting manager Rob Gambi.

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UBS Global Asset Management has reduced the charges across its exchange traded funds (ETFs) range, as pricing pressures on ETFs escalate.

UBS Global Asset Management is closing its European Equity fund in September due to poor performance and dwindling assets.

Franklin Templeton has hired former Insight and Armstrong manager Toby Hayes to manage a new multi-asset range, Investment Week can reveal.

Global markets have had a volatile relationship with the central banks this summer, as the US Federal Reserve began hinting at tapering its asset purchasing programme.