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european funds return to growth
European funds returned to growth in July, posting net inflows of 33.6bn, according to the latest Lipper data, with equity funds topping the table.
strate and euroclear plan fund admin
Strate, South Africa’s licensed central securities depository, and Euroclear have signed a “letter of intent” to find a way to automate the processing of mutual fund transactions in South Africa.
reshuffle on first state global emerging markets
Tom Prew, existing manager of the offshore First State Global Emerging Markets Select Fund, has been appointed co-manager with Jonathan Asante on the flagship Global Emerging Market Leaders Fund.
blackrock plans closure of four funds
BlackRock has informed investors of a decision to soft-close two onshore European equity funds and their offshore mirrors as the products near their capacity limits.
bullish buxton ignore gdp stats and buy the dips
Old Mutual Global Investors’ Richard Buxton believes UK equities are in a new bull phase, forecasting the FTSE 100 could reach 7,300 points in 2014.