News
Multi Asset | news 2 May 17
Schroders launches fund to defy short-term market moves
Schroders has launched a multi-asset fund for Johanna Kyrklund designed to weather potential storms in equity and bond markets.
Zedra establishes a US office to target Americas
Jersey-headquartered independent trust company Zedra has set up an office in Miami to target North and Latin America as part of its fast track global expansion plans.
Pacific Insurance unit buys stake in Chinese asset manager
China Pacific Insurance Co. (CPIC), the country’s third largest life insurer, has bought a 51% stake in Chinese fund management company GTJA Allianz Fund Management and will share ownership of the firm with Germany’s Allianz.
Malaysia’s Islamic mutual funds see assets decline
Malaysia’s sharia-compliant mutual funds have seen assets under management decline from the peak of 40.7% in March 2016 to 39.4% in March 2017, according to data from Morningstar.
Investment | news 28 Apr 17
US growth drops to weakest in three years
US real GDP increased at an annual rate of 0.7% in the first quarter, the slowest pace since the first quarter of 2014.