News

Solid inflows into its mutual fund business and segregated mandates, as well as positive market movements, helped Jupiter grow its assets under management to over £26bn in Q4.

Managers around the globe have upped their exposure to equities in what Bank of America Merrill Lynch analysts dubbed the 'great rotation' of 2013.

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M&G is planning to merge two of its UK equity funds to create a portfolio with more than £600m in assets under management.

Schroder's mid-cap manager Andy Brough has been given a boost from his stake in fellow asset manager Liontrust after its shares soared 10% in early trading today.

Analysts at HSBC have suggested the popularity of balanced funds towards the end of 2012 was due to advisers attempting to maximise commission income before the implementation of new rules following the Retail Distribution Review (RDR).

The SWIP Absolute Return Bond fund received a significant boost in Q4 from exposure to the European periphery, such as Italy and Spain.

Fixed income managers are turning more positive on bank debt after regulators announced they will allow banks to hold a broader range of corporate bonds as a capital buffer.

The UK's main inflation rate has remained at 2.7% for the third month in a row, broadly in line with economists' expectations, despite steep rises in energy bills.

Liontrust made a net inflow of £64m over the final quarter of 2012, over four times the equivalent period the previous year.