News

Old Mutual Wealth saw Q3 net inflows rise 33% year-on-year as government savings reforms began to take effect and the WealthSelect range gained traction.

The PIMCO Total Return fund suffered a record $27.5bn in outflows last month, following on from the $23.5bn pulled out in September as Bill Gross (pictured) left the company.

The protests taking place in Hong Kong may eventually provide a rare opportunity to access quality Asia-Pacific companies on the cheap, according to First State Stewart.

Jupiter's Philip Ehrmann and Kathryn Langridge are to join Manulife Asset Management at the start of next year, Investment Week understands.

Brooks Macdonald head of research Jonathan Lau has left the firm, with his role being taken over by Richard Larner.

Henderson Global Investors has replaced its head of emerging markets with former First State manager Glen Finegan.

Fund buyers have called for more transparency on passive fund costs not contained within the ongoing charges figure (OCF) - even as a price war cuts headline fees to record low levels.

Neptune's Robin Geffen has predicted a further sharp fall in the value of sterling against the dollar as he positions his portfolio for a fresh surge in the US currency.

Baring Asset Management has rebranded its multi-asset Portfolio fund as the more flexible Dynamic Capital Growth fund in a bid to make it more attractive to pension savers.

Legal & General Investment Management has seen significant outflows from its UK index funds in the first nine months of the year, which had a negative impact on overall inflows into the business.