Vanguard has launched two corporate bond ETFs to UK investors. The Vanguard Global Short-Term Corporate Bond Index fund will invest in one- to five-year duration corporate bonds. The Vanguard Global Corporate Bond Index Fund covers investment-grade debt from developed and developing markets worldwide. The funds have an ongoing charge figure of 0.25 per cent for […]
HSBC’s former head of global cash foreign exchange trading faces up to 20 years jail after he was found guilty of defrauding a client through front-running a $3.5bn deal. In addition, the bank’s head of currency trading in London is facing extradition in connection with the case, which is expected to shake-up the $5.3trn market, the Financial […]
As legislators and regulators across Europe – Brexit bit between their teeth – are poised for all sorts of eventualities, advisers can at least rest assured that change is the constant on which they can depend. But in the midst of seemingly constant flux, it can become easy to bow to what is insisted upon […]
Old Mutual has sold another tranche of shares in its asset management arm. The group now has just a 5.5 per cent holding in Old Mutual Asset Management as it continues to break up its business. Old Mutual had held a majority stake but halved this in March by selling $446m (£355m) worth of shares […]
After joining Artemis last year, Cormac Weldon launched the Artemis US Equity, US Select and US Smaller Companies funds. A lot has happened in the US economy since — including a period of unexpectedly weak growth in the first quarter of this year. US stocks, however, have produced positive returns and all three funds are comfortably […]
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