News

Investors are moving out of frontier markets and in to global emerging market vehicles, including BRIC funds, to capture a reversal in their fortunes.

Standard Life Investments' GARS team has revealed the latest portfolio changes on its £25bn retail fund after a healthy start to the year.

European equity funds saw record net retail sales in March according to The Investment Association (IA)'s latest sales figures, but UK All Companies suffered record outflows as investors continued to turn their backs on UK equities.

Invesco Perpetual's William Lam is to join head of Asian equities Stuart Parks in managing the group's £600m Asian fund.

Mirae Asset Global Investments is expanding its UK hub with the hire of a new sales director and is planning to bring new funds to the UK.

The Federal Reserve has dampened suggestions of a mid-2015 interest rate hike after weak GDP figures suggested the US recovery has lost momentum.

Schroders has reported a strong first quarter, with profits rising as the group reported strong net inflows into its funds.

Royal Bank of Scotland (RBS) has set aside extra cash to cover litigation costs, helping drive it to a loss in the first quarter.

Hargreaves Lansdown has raised £94m for the latest addition to its multi-manager range, an Asia and emerging markets fund.

Former Federal Reserve chairman Ben Bernanke has taken a position as a senior adviser at PIMCO.