Edinburgh-based Standard Life Investments' (SLI) UK mutual fund range has broken through the £10bn (€11.46bn) barrier after a record-breaking tax year-end in 2011.
Chinese brokerage Citic Securities hopes to sell 51% of China Asset Management Co (AMC), the country's biggest fund manager by assets under management (AuM), for at least RMB 7.6bn (€830m).
European investors have remained relatively optimistic about the prospects of high-yield bonds, but their positive outlook is slowly fading as default rate forecasts are due to increase.
First-quarter inflows into long-term Ucits funds, which exclude money markets, were down a third to €39bn compared with the previous quarter, as cautious investors reined back investment in equity funds.
When net fund flow figures for 2010 showed an unusually high concentration of new flows for a few companies and funds, people said it wouldn't last. But latest figures from Strategic Insight show that it has lasted and indeed intensified into the first quarter of 2011 at least.
The first fund to invest in Civets countries (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) has been launched by HSBC Global Asset Management.
