News

HSBC has reported profits doubled in the first quarter of the year compared to the same period in 2012 as the lender nears the end of a three-year restructuring programme.

The Liontrust Income fund, headed up by Gary West and James Inglis-Jones, has reversed its focus on the UK in favour of a global mandate to tap into a larger universe of dividend paying stocks.

Veteran investor Warren Buffett has told investors Ben Bernanke's interest rate policy has been "brutal" for holders of bonds and punishing to savers.

Darwin Investment Managers has launched a model portfolio service comprising three funds managed by multi-asset veteran David Jane.

The IMA has decided not to modify its sector rules governing fixed income funds' currency exposure, Investment Week understands.

AXA Wealth's Elevate platform has seen assets under management increase 50% from £4bn to £6bn, according to its first quarter results.

Japan's main equity market surged to a five-year high on the first day of trading after the country's Golden Week public holiday.

The FTSE 100 has hit a new five-year high after better-than-expected US jobs data sparked a 50 point rise in the blue chip index.

Hermes has listed its 11-strong suite of UCITS funds in the IMA sectors, ramping up its push into the UK wholesale market just as Jupiter's John Chatfeild-Roberts buys into one offering.

The Absolute Return sector has topped the IMA's monthly sales charts for March, posting its best monthly net sales since December 2009.