News

HSBC Global Asset Management (GAM) is to launch a Far East ex-Japan ETF with a total expense ratio (TER) of 0.6%.

The final estimate of UK second quarter GDP has seen growth left unrevised at 0.7%, with the annual rate of growth being revised downwards.

Wrap platform Standard Life has revealed the names of the first seven fund groups who have offered it preferential ‘super clean' share class deals, with a further four to be announced in the coming weeks.

Wrap platform AXA Elevate has played its hand in the super clean space by revealing it expects to get access to preferential share classes from a range of fund managers.

Standard Life is to abandon its existing platform discounts for large adviser firms in favour of negotiating individual prices with firms based on assets under management, as well as loyalty to the group.

Liontrust Asset Management has recorded its 13th consecutive quarter of net inflows, helping push assets under management to £3.4bn.

Bestinvest has awarded a three-star rating to competitor Vanguard's S&P 500 ETF after recommending a switch away from iShares' S&P offering.

Fund buyers have cautioned on investing in the UK's buoyant property market, amid fears the sector may be overheating.

The Financial Conduct Authority (FCA) has fined ICAP Europe Limited (IEL) £14m for misconduct relating to the London Interbank Offered Rate (LIBOR).

Invesco Perpetual's Neil Woodford has reportedly accused Labour leader Ed Miliband of "economic vandalism" over his plans for a price cap on energy bills.