News
Investment | news 5 Nov 15
Asset managers shrug off pessimism on US equities
Fund manager sentiment towards US equities had been negative for much of this year, with most asset management companies expecting a negative return over the next 12 months. But their outlook has brightened in October. Fund selectors have also started to be more constructive about the asset class.
Asia sees huge outflows from mixed asset
About $105bn flowed out of mixed asset products in Q3, and total net flows from retail investors were down by more than half, according to data from Strategic Insight.
Aviva launches two multi-strategy products
In Singapore, Aviva Investors has launched two sub-funds of its Luxembourg-domiciled multi-asset products.
Middle East | news 4 Nov 15
OMGI expands international distribution team
Wealth manager Old Mutual Global Investors (OMGI) has appointed Simon Barrett as head of Middle East and Nordic distribution.
Technology | news 4 Nov 15
US digital advice market expected to balloon by 2020
The digital advice market in the US will mushroom to $489bn from $18.9bn assets under management by 2020, a research firm has predicted.