View more on these topics

Morley bond fund spans yield spreads

Morley Fund Management is offering a new bond fund that taps into the narrowing yield spreads between emerging and developed markets.

It is managed by Kieran Custis and is benchmarked against the JPM GBI-EM broad diversified index.

Morley says the move was prompted by research from the Emerging Markets Traders’ Association, which showed that many countries have been issuing more local-currency debt and are less dependent on foreign-currency bond issues. The fund, which was launched through Aviva Fund Services, is a sub-fund of the Luxemburg domiciled Aviva Morley Sicav.

Meanwhile, chief executive of Scottish Widows Investment Partnership Chris Phillips has resigned to become chief executive at Morley.

Phillips will replace Keith Jones who resigned last September after working for the company for seven years.

The incoming chief executive will have the task of helping the UK’s fourth-biggest asset manager boost inflows from outside Aviva.

Morley has already seen a number of major changes following Jones’s departure last September, with head of equities Tim Thomas leaving after only 11 months and being replaced by the group’s head of emerging markets Niall Paul. A restructure of the business followed, resulting in five equity managers being made redundant last month.


Fears that Sipp firms will drop out over strict capital rules

Many Sipp providers are failing to apply for authorisation because they are struggling to meet strict capital-adeq-uacy requirements, says Hornbuckle Mitchell managing director Neil Marsh.The FSA wrote to the Association of Member-directed Pension Schemes earlier this year expressing its concern at the lack of applications for Sipp authorisation but it has refused to reveal numbers […]

Lambeth walk for Skandia

The crew at Skandia have moved into their new London residence at Old Mutual Place in Lambeth Hill.The open-plan, sloping-floored maze-like building is taking some getting used to. Apparently, the old Skandia London office had private rooms and “nice ladies that brought you cups of tea.” (Source: PR Alex Jones).But the new building boasts an […]

Fidelity’s split success

Jorma Korhonen, manager of Fidelity’s £2.8bn global special situations fund, has sounded a warning about emerging markets, saying his holdings in emerging sectors stand at only at 5 per cent.He said the perception of the risk attached to emerging markets was at a low but he had seen some China stocks increase by 60 per […]

Oval takes over Futurity

Insurance broker Oval has bought a second Scottish IFA firm with the acquisition of Futurity.The deal marks Oval’s first acquisition of a pure IFA company, with its previous 15 acquisitions all having insurance brokerages built into the businesses.Oval bought Scottish insurance broker and IFA firm Service Miller in October 2006.The Futurity acquisition will see the […]

Tax allowances and exemptions

Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. tEQqb9 jiyrbfpvjwps, [url=]nsvhllyenvpf[/url], [link=]gsklbnslamlo[/link],

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm