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Fidelity to relocate 650 staff as office closes

Fidelity International is to downsize its presence in the UK further as it plans to close its Kent office and relocate 650 staff by 2020. The asset manager, which currently operates in London, Surrey and Kent, says by 2020 it will move “the majority” of the 650 employees from Tonbridge, Kent to its Kingswood office […]

Active vs Passive
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Passive assets set to eclipse active in 10 years

Passive assets are on track to surpass active funds in 10 years, according to a new EY report. ETFs will benefit disproportionately from the shift because of their low fees and intraday liquidity in volatile markets, EY says. The Global ETF Research 2017: reshaping around the investor report found 67 per cent of the industry expects most […]

Advisers await Budget as Govt stays tight-lipped

Advisers are looking ahead to potential tax and savings changes, but the Government has kept its Budget cards close to its chest this morning. Fewer major policy changes have been briefed by Number 10 ahead of time than in previous years, but commentators have been keen to stress that little is off the table. Ascot […]

LGIM joins ETF market with platform acquisition

LGIM is building on its existing passives range by joining the $4.6trn ETF market with the acquisition of the Canvas platform from ETF Securities. Canvas holds $2.7bn AUM and 17 products across equity, fixed income and commodities. The UK and Ireland based platform is licensed for distribution in 14 countries. It follows the sale of ETF […]

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