Investment | 23 Dec 16
A ‘price haircut’ in prospect for funds in 2017
Prices on funds are predicted to fall during 2017, in the wake of the UK Financial Conduct Authority’s (FCA) investigation into quasi-active portfolios, says Danny Knight, director of multi-asset at Old Mutual International.
Sustainable and reliable income is key to returns in 2017
There are great opportunities in the coming year for investment in companies that offer sustainable and reliable dividend growth prospects, says James Lamont, managing director, lead global equity product strategist at BlackRock.
North America | 23 Dec 16
SEC charges US fund manager over $2.5bn pay-to-play scheme
A US pension fund manager has been charged by the Securities and Exchange Commission (SEC) for a $2.5bn (€2.3bn, £2.02bn) pay-to-play scheme, including cocaine and hookers.
Nutmeg raises another £12m from Taiwanese bank
Europe’s largest online wealth manager Nutmeg has attracted an additional £12m ($14.8m €14.1m) from Taipei Fubon Bank (TFB) and has revealed its assets under management for the first time.
Goldman Sachs AM defends global REITs
The prospect of higher interest rates around the world is less likely to hit real estate investment trusts (REITs) over the long term than other, so called, bond proxies, said Goldman Sachs Asset Management’s Hong Kong-based portfolio manager Frankie Lee.