News

Vanguard has removed the dilution levy on its Lifestrategy funds after the range surpassed £2bn in assets under management.

Henderson Global Investors has seen another period of record net inflows of £5.6bn during the first half of the year to 30 June, bringing the total assets under management for the group to £82.1bn.

Schroders saw its assets under management grow by 14% in first half of the year to £309bn, despite strength in the sterling reducing AUM by £10.2bn in the second quarter.

Barclays helped boost the FTSE 100 today after chairman John McFarlane announced increased profits and a strict cost-cutting exercise in the interim company's results.

Prusik's Heather Manners is backing Vietnam as an Asian hotspot, as the country gears up to sign trade agreements, apply for MSCI membership and increase foreign ownership limits.

The Targeted Absolute Return retook its place as the UK's best-selling sector in June as investors sought reassurance in choppier markets.

Jupiter is seeking to expand its stable of income-generating products in the second half of this year via the launch of an Enhanced Distribution portfolio and a fund for new hire Jason Pidcock.

Man Group saw $2.6bn of net outflows during the first half of the year, largely driven by redemptions from the group's long-only portfolios including GLG's Japan CoreAlpha strategy, but performance fees helped profits jump 89%.

Brewin Dolphin saw its funds under management fall in the last quarter after a difficult period for risk assets.

St James's Place (SJP) has agreed a deal to acquire discretionary investment manager and stockbroker Rowan Dartington Holdings in a deal worth up to £34m.