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JP Morgan drops Fleming brand

JP Morgan Fleming Asset Managment is to change its name to JP Morgan Asset Management, dropping the Fleming brand which has existed since 1873. Fleming was sold to Chase Manhattan in August 2000 for 4.9bn.

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It is little wonder markets were nervous last week as company results and economic statistics poured out of the US. The signs were mixed, to say the least. The prospect of slowing economic growth and rising inflation remains a possibility, even if stagflation of a virulent kind appears unlikely.

IMA attacks FSA ruling on RIYs

The IMA is accusing the FSA of gold-plating for requiring reduction-in-yield calculations as well as total expense ratios to be shown on investment documents.

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