North America
Look to US equities for income while markets calm – JPMAM
While market volatility has eased it’s better to collect dividends from US equities than put money in cash or fixed income, said David Kelly, JP Morgan Asset Management’s chief global strategist.
Commodities | 24 May 16
Commodities remain hurdle for US high-yield
Carl Whitbeck, head of US high yield at Axa IM, expects the struggling commodities sector and ongoing uncertainty around future Fed action to lead to greater volatility in the high yield space.
Old Mutual Asset Management sale moves closer
Old Mutual is reportedly a step closer to selling its US asset management business, with the group’s board understood to support the deal.
North America | 17 May 16
UBS invests in wealth management technology
UBS Wealth Management Americas (WMA) has formed a strategic alliance with San Francisco-based wealth management technology firm SigFig to develop a digital platform to support the UBS’s financial advisers and their clients.
Schroders acquires $4bn US ABS team
Schroders has acquired a team of securitised investment specialists from Brookfield Investment Management with $4bn (£2.8bn, €3.5bn) in assets under management.