News

UK Retail investors continued to pull money out of F&C funds over the three months between June and September despite a pick up in worldwide equity and bond markets.

Legg Mason has appointed affiliate, Batterymarch, to replace Esemplia Emerging Markets as manager of the Luxembourg-domiciled Legg Mason Asia Pacific (ex Japan) fund.

US GDP figures released yesterday showed the world's largest economy has returned to economic growth, leaving the UK the only major economy still in recession. The US economy grew by 3.5%, and equity markets reacted positively, with the S&P 500 adding...

Aegon Asset Management has promoted Iain Buckle and Euan McNeil to joint managers on three of its flagship fixed income funds.

The US economy has come out of recession, with annualised growth of 3.5% in the third quarter of 2009.

Standard Life reported worldwide life and pensions sales were 15% lower at £10.5bn for the first nine months of 2009 compared to the same period last year, as falling markets took their toll.

Net inflows into funds worldwide doubled during the second quarter of this year to €84bn from €46bn during the first quarter, increasing total assets under management by 5.4% to €14.4trn by the end of June, according to the EFAMA.

Equity fund sales overtook bonds for the first time since 2007 last quarter as the IMA announced 2009 has been a record year for net retail sales.

Jupiter and Schroders are surprise entrants at the top of Bestinvest's ‘dog assets under management list', which tracks the largest funds performing well below their recognised benchmark.

John Stopford will assume full control of the Investec Sterling Bond fund after the departure of Harsha Patel.