ANZ to sell $4bn life and pension units to boost capital
ANZ Banking Group is looking to sell its life insurance and pension product unit, valued at up to $4bn (£2.76bn, €3.6bn), say media reports.
Nikko AM launches new Japan equity Ucits fund
Nikko Asset Management has launched a Luxembourg-domiciled Japan Focus Equity Ucits fund, with further Ucits funds planned for later this year.
L&G buys £3bn UK annuity book from Aegon
Insurance giant Legal & General (L&G) has bought a £3bn ($4.3bn, €3.9bn) UK annuity portfolio from Dutch-headquartered life group Aegon.
Amundi buys majority stake in Kleinwort Benson Investors
Oddo & Cie has agreed to sell Kleinwort Benson Investors to Amundi and the KBI management team.
Vanguard joins EM chorus, sees strength in bonds
The firm sees improvement in the risk-reward balance for sovereign and investment grade corporate bonds in emerging markets.