View more on these topics

Schroders takes 25% stake in Indian firm

Schroders is acquiring a 25 per cent stake in Indian asset manager Axis Asset Management Company from Axis Bank.

The stake in the asset manager, which has gathered £1.4bn in assets under management since it launched in 2009, will be acquired through subsidiary Schroder Singapore Holdings Private.

Schroders chief executive Michael Dobson says: “This enables us to participate in the growth opportunity represented by the Indian mutual fund market. In addition to distributing Axis Asset Management Company’s funds internationally, there will be an opportunity to distribute Schroders funds in India through Axis’ distribution network.”

Axis Asset Management manages equity, fixed income, balanced mutual funds and hedge funds. The firm invests in the public equity, fixed income and alternative markets of India.

Paladin Financial Services managing director Tim Purdon says: “This is another example of the global market we live in. It makes sense for UK fund managers to be investing in that part of the world.”


Henderson sees £2.4bn jump in assets

Henderson Group has reported a £2.4bn jump in assets under management in the first quarter of 2012. The asset manager said assets stood at £66.7bn at March 31. The increase is on the back of positive market movements with the asset manager seeing £110m of net retail outflows. Henderson has seen outflows of £392m across […]

The complexities of simplification

Axa Wealth head of technical consultancy Andy Zanelli discusses the importance of advice as protected rights restrictions are lifted

No shake-up for pension- Isa link until at least 2017

The Government will not pursue radical reform of the pension and Isa regimes until 2017 at the earliest, Money Marketing understands. Last July, Money Marketing revealed Treasury officials had opened discussions with the industry on the practicalities of linking Isas and pensions. This followed the Government’s decision not to press ahead with plans to allow […]

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]


News and expert analysis straight to your inbox

Sign up


    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