Catherine Lafferty

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ETFs cross $4trn milestone, again

The global exchange-traded product (ETP) industry, which includes ETFs, powered through the $4 trillion barrier in May, according to BlackRock. The asset manager said yesterday...

Equities “too expensive”, say fund managers

A record number of fund managers think equities are overvalued, research shows. Some 44% of those surveyed by BofA Merrill Lynch (BoAML) for its June...

Northern Trust to add 400 new jobs in Ireland

Senior Irish politicians welcomed the plan by Northern Trust to create 400 new jobs in Limerick over the next five years. Northern Trust, the asset...

Fund orders nearer to 90% automation goal

Automation rates for fund transactions within Ireland and Luxembourg edged up recently as the industry looks to bring down costs through standardisation and by...

Capital Group to launch US equity growth strategy

Investment management firm, Capital Group, will launch Amcap, a US equity growth strategy for European and Asian investors, later this month. The strategy will be...

Old Mutual hires Nomura trio to launch emerging markets desk

Old Mutual Global Investors (OMGI) has hired three people formerly of Nomura Asset Management to launch an emerging markets equity desk. Nick Payne, Salman Siddiqui...

FundRock appoints illiquids expert in Luxembourg

FundRock, a provider of outsourced ‘ManCos’ to Ucits and alternative funds, has appointed Enda Fahy to head up its illiquid alternatives function in Luxembourg. The...

Fund trading on blockchain “can be done”

Calastone, a financial technology firm, has successfully completed the first phase of its proof-of-concept test for fund trading using blockchain, the firm said. Calastone tested...

European funds see “strong sales”

The European funds industry started the first quarter of 2017 on a strong note with net sales of Ucits and alternative investment funds reaching...

“Safety over returns” lifts bond funds

Bond funds saw their largest inflows globally for two years last week as investors “put safety over returns”. Bond inflows were $15.9 billion (€18 billion)...

Digital’s early adopters report competitive gains

Early adopters of digital tools in asset and wealth management already report a competitive advantage and gains in improved customer experience, a survey found. The...

Estera expands third-party admin business

Estera, a fiduciary and administration provider previously spun out of law firm Appleby, has acquired the Heritage Financial Services Group (HFSG), which provides third-party...

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