Assets under management by T Rowe Price rose 8% in the final quarter of 2011 to finish the year on $489.5 billion (€370 billion). The company attributed the gain to net cash inflows of $1.1 billion plus market appreciation and income of $34.9 billion.
Two consecutive weeks of positive retail money inflows to equity funds indicate a potential source of support for the shares market, which have seen gains in the UK and Europe recently.
Assets held by European exchange-traded products (ETPs) declined more than 5% during 2011 – the result of negative market returns and a reduction in net inflows.
Industry experts say there is more to come following the downgrade of France and eight other eurozone countries hit by Standard & Poor’s downgrade at the end of last week.
Russell Investments is to launch a Ucits IV single manager fund to be run by German boutique managers Mack & Weise Vermögensverwaltung.
Forget Europe and North America, our latest survey of fund launches reveals a remarkable turn-around for the likes of China and Brazil, writes George Mitton.
Recent legal action has highlighted the importance of due diligence in running and administering hedge funds. Nicholas Pratt examines the likely impact on current practice.
Scottish Widows Investment Partnership has launched a European High Yield Bond fund as it plans to grow its fixed income business.
Latin America is strongly associated with debt default, yet fixed income investors have flocked to government bonds there in recent years, particularly Brazil. Nick Fitzpatrick speaks to fund managers about the background to this move and asks if the money will stick.
Chilean mutual fund providers have been increasing their assets from the voluntary pension fund sector in the country. Nick Fitzpatrick looks at growth and investor appetite.
