RBC Dexia has been bought outright by Royal Bank of Canada, which was already a 50% stakeholder, and is to be rebranded RBC Investor Services. Royal Bank of Canada acquired the remaining 50% stake of RBC Dexia from Banque Internationale à Luxembourg and now takes full ownership
Read more →UK net retail sales have jumped to £8.1bn in the first half of 2012 with fixed income continuing to dominate, according to figures from the Investment Management Association. The figures is almost double the £4.4bn of net retail sales seen in the second half of 2011. The
Read more →These are some really interesting insights from a comprehensive article on Invesco Perpetual recently published by Fund Web: Perpetual was the original boutique. It started its life with a few, then unknown, managers in the restful surroundings of Henley-on-Thames. This proved the unlikely setting for the germination
Read more →Man Group’s first half of 2012 results showed a fall in funds under management of close to 10% as it reported a $5.7bn drop from its position at the end of last year. Chief executive Peter Clarke added: “Against a turbulent market and economic background, Man’s funds
Read more →Two-fifths of IFAs have backed emerging markets as the most-likely best performing geography in the short term, according to Legal & General Investments. The ‘What Matters Investment index’ saw 40 per cent of IFAs backing emerging market as the best performer, while 18 per cent thought the
Read more →Credit Suisse asset management (CSAM) saw pre-tax income fall 37% to CHF133m in Q2, compared to the same period last year, despite realising gains from the partial sale of its stake in Aberdeen Asset Management. The department also saw CHF400m of inflows into alternative investments in emerging
Read more →Fund management Fidelity has launched an unbundled share class purely for its discretionary clients, insisting IFAs prefer to pay 1% for funds through platforms, a claim that has been disputed by other fund houses. The 0.75% ‘clean fee’ share class is to launch later this year on
Read more →Wells Fargo Asset Management is making a push into the UK retail market with the launch of six new funds expanding its stable of funds to 13. The asset manager, whose roots lie in the US, has launched an Emerging Markets Income and Growth fund, run by Anthony Cragg
Read more →Henderson Global Investors is launching clean-fee RDR share classes across its fund range from August 1. The share classes will carry an annual management charge net of any fee payable to financial advisers or fund platforms. On a typical equity fund, the clean share class will have
Read more →Rob Page is the new head of marketing and communications at Hermes Fund Managers and will take up his position in September, having recently resigned his partnership at Ardevora. Page has previously worked at Hill Samuel before senior roles with Barings, New Star and Ignis before joining
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