NEWS

Dec 14, 2011

OutflowMoney continued to flow out of European funds in October, but at a reduced rate, according to data firm Lipper. And improvements in equity and bond indices meant that the industry's assets rose 2.3% to €5.2 trillion. Total assets are now about €300 billion less than at the end of 2010.

Dec 14, 2011

Statue of libertyScottish Widows Investment Partnership has launched a European High Yield Bond fund as it plans to grow its fixed income business.

Dec 13, 2011

Wallet_UKIncome has been the dominant theme in the investment company sector in the UK, according to the Association of Investment Companies (AIC).

Dec 13, 2011

Gems_gatheringSomerset Capital Management has launched a specialist small and mid cap fund investing in frontier markets.

Dec 12, 2011

Royal Bank of ScotlandThe Royal Bank of Scotland (RBS) failed because its management and board made a series of poor decisions at a time when banks were acutely vulnerable, according to a much-anticipated report from the Financial Services Authority.

Dec 12, 2011

Mixed_signalsOctober’s net retail sales statistics for Ucits funds show “mixed signals”, according to the European Fund and Asset Management Association (Efama), with reduced outflows but withdrawals by high-net-worth investors.

Pages