News

Royal London Asset Management is to launch an absolute return fixed income fund by the end of the year as competition heats up in the space.

Star bond manager Bill Gross helped attract more than $1bn of estimated net deposits into two bond funds at his new home Janus Capital in October.

Liontrust Asset Management's profit before tax more than doubled in the six months to the end of September as the group continues to post inflows into its funds.

The UK economic recovery is set to enter a slower phase, adding to the headwinds facing the domestic equity market, according to Invesco Perpetual's Mark Barnett.

European exchange traded funds (ETFs) have enjoyed a record year for net inflows, taking in $56.2bn by the end of October, according to consultancy ETFGI.

Investec Wealth and Investment has hired three members of UBS Wealth Management's senior team as it expands its London office.

Prudential has been paid £155m for the sale of its 25% stake in PruHealth and PruProtect to South African insurance group Discovery.

Investors and fund buyers are increasingly backing Japanese equities as the country boosts its QE programme, and rotates its national pension fund towards domestic equities.

Neil Woodford has increased the number of unlisted stocks held within the £3.4bn Woodford Equity Income fund to ten after initiating four new investments last month.

Platforms saw the rate of assets under administration (AUA) growth jump by almost a fifth in the third quarter of 2014, according to research from Fundscape.