Goldman Sachs Asset Management has been handed a £30m sub-advisory mandate to run a sterling corporate bond fund for Skandia Investment Management. GSAM will run the investment grade bond segment of SIM's bond income fund which, like its stablemates, will be split between fund of funds and segregated mandates. SIM has also chosen GSAM's £687.5m global high yield portfolio for inclusion in the Fof element of the fund.
I can't quite believe I am writing my third letter but here goes again. Millfield chief executive Paul Tebbutt yet again seems not to understand the question.I was not asking for a profit forecast merely whether he was going to make a profit at all. It is only through his company's closed period that he […]
Charcol is offering an initial fixed rate of 2.25 per cent on its federal reserve tracker mortgage until the end of March. The loan is a fix and track mortgage based on the lower US short term interest rates.
Fund supermarket Selestia is teaming up with Capital Planning UK in a joint initiative which will provide Selestia's advisers with a host of tailored portfolios and investment tools.The tie-up will allow advisers access to more than 90 bespoke Capital Planning-designed portfolios covering most risk profiles through Selestia's asset allocation model. All the portfolios, which offer […]
DWS Investments has set up a club which will provide members with immediate details on breaking news affecting global markets.Services include commentary from experts such as global chief economist Steven Bell, events featuring specialist speakers as well as discussion groups tackling topical issues.Investment club members will have access to specialist briefings on areas such as […]
By Kacper Brzezniak As the International Monetary Fund (IMF) downgrades the global growth outlook YET again (which is becoming a recurring theme, as we discussed here a year ago), we turn our eyes to Italy’s current economic disaster. Italy has recorded exceptionally weak growth in recent years but, in order to get a better understanding […]
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Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]
Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]
The FCA, The Pensions Regulator and The Pensions Advisory Service are to attend a public meeting at Port Talbot on Thursday for British Steel Pension Scheme members. The FCA confirmed the meeting was taking place and that executive supervision director investment, wholesale and specialist Megan Butler would represent it there. The meeting is a chance […]