Industry
Emerging Markets | 5 May 16
MCB launches Mauritius-based India sovereign bond ETF
MCB Capital Markets, the investment banking arm of the MCB Group in Mauritius, and ZyFin have launched an exchange traded fund which will provide international investors with access to the Indian sovereign bond market.
Technology | 5 May 16
Cost seen driving mass affluent investors toward robo-advice
Mass affluent investors are more likely to use a robo-advice service in place of a human financial adviser than higher net worth individuals or institutions, according to a survey by Australia’s Chartered Financial Analyst (CFA) institute.
Barclays reduces stake in Barclays Africa, nets £603m
Barclays sold a 12.2% stake in Barclays Africa Group Ltd (BAGL) on Wednesday, as part of its ongoing efforts to extricate itself from the business.
OMW’s ‘bold new’ strategy yields growth in FUM and sales
Old Mutual Wealth (OMW) highlighted its vertically integrated strategy (first adopted in 2012) as the primary driving force behind its stellar performance in Q1 2016.
People Moves | 5 May 16
PEOPLE MOVES: Lombard Int’l, Axa IM, Nutmeg…
Lombard International has named a new chief executive for its US operations, while Axa IM has announced a senior departure. Nutmeg’s chief executive has stepped aside, with a Columbia Threadneedle veteran bowing out of the industry after a 32-year career.