Morgan Stanley launches factor-based US Sicav
Morgan Stanley Investment Management, the asset management arm of Morgan Stanley, has launched a factor-based US fund providing European investors access to its applied equity advisers team for the first time.
Alternatives | 4 Jul 16
SLI suspends UK Real Estate Fund, property shares hit
Financial services giant Standard Life Investments (SLI) has suspended all trading in its UK Real Estate Fund following an increase in redemption requests, triggering share sales in property and asset management companies.
Fixed Income | 4 Jul 16
Axa launches short duration bond fund
Axa Investment Managers has launched an inflation-focused, short duration bond fund
Samoa’s PM defends island’s role as offshore tax haven
The prime minister of Samoa, Tuilaepa Aiono Sailele Malielegaoi, has defended his country’s role as an offshore tax haven, claiming the ravages of climate change have left the Pacific island nation increasingly reliant on the revenue it brings.
Retirement | 1 Jul 16
OMW slashes exit fee cap to 1% ahead of FCA reforms
Old Mutual Wealth is cutting exit fees to 1% from 5% for all customers aged 55 or over ahead of the UK regulator’s proposals to adopt a similar regime.
