Multi manager

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Architas UK net inflows drop 70%

Architas UK has seen inflows drop by just over 70 per cent in the first half of the year. The Axa-owned asset manager reported £152m net inflows for the first six months of 2018, compared with £546m in the first half of 2017. Globally, Architas’s net inflows dropped to €797m (£710.6m) in the first half […]

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Old Mutual global equities head: ‘We are looking for quality, not cheap stocks’

Old Mutual global equities head Ian Heslop has cautioned against managers pinning their hopes to interest rate predictions, as he suggests that the value investing style could still play second fiddle to growth for some time to come. In an interview with the Telegraph, Heslop says that investors trying to forecast metrics like interest rates, […]

Fund pickers cut Aberdeen Standard Investments from portfolios

Fund selectors are reassessing or excluding Aberdeen Standard Investments funds in their portfolios, as questions remain around how the investment teams will pan out post-merger. Standard Life and Aberdeen Asset Management completed their £11bn mega-merger in August. At that time there were around 168 funds from the groups in the Investment Association sectors to be […]

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True Potential in-house fund range more than doubles to £4bn

True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]

Morningstar launches new model portfolio service

Morningstar has launched a new business unit for advisers looking to outsource fund selection or asset allocation in a post-Mifid II world, including a new model portfolio service. Morningstar says its new unit, called Manager Selection Services, offers three services designed to help clients cope with tougher regulatory and governance pressures. The offer includes: Model […]

Openwork renews deal with Newcastle Financial Advisers

Openwork has renewed a tie-up with Newcastle Financial Advisers for a further five years. Openwork, then called Zurich Advice Network, joined with Newcastle Financial Advisers, a subsidiary of Newcastle Building Society, in 2003. It then extended the contract in 2013. Newcastle Financial Advisers currently has 26 advisers. According to Openwork, it has been the network’s largest investment […]