News

BNY Mellon's subsidiary Insight Investment has launched a UCITS IV version of its institutional absolute return bond fund, while fixed income subsidiary Standish Investment Management will bring an EM debt fund to the retail market in June.

US stocks slumped overnight, pressuring the Dow Jones Industrial Average near to a four-month low, as political concerns in Greece continued to cloud the outlook for the global economy.

Allianz Global Investors has today launched a range of four risk-graded portfolios, the Allianz RiskMaster funds.

AXA IM has promoted Henry Lowson to become lead manager of its £54m AXA Framlington UK Smaller Companies fund.

Markets across Europe suffered more losses this afternoon after Greece reportedly confirmed it has failed to form a coalition government.

UK government bonds are hugely expensive but 10-year yields may yet move down towards 1.5%, according to Henderson's head of retail fixed income John Pattullo.

BlackRock's head of European equities Nigel Bolton has said Greece should never have been granted membership to the eurozone because of its weak economy, and warned it must leave as soon as possible.

Richard Saunders, chief executive of the Investment Management Association, is to step down at the end of 2012.

The FSA has fined Swiss bank Habib AG Zurich £525,000 for failing to establish and maintain adequate anti-money laundering systems.

Goldman Sachs Asset Management (GSAM) has identified four markets it expects will post stellar growth over the next decade, potentially rivalling BRIC nations.