Premier hit by outflows ahead of merger with Miton November 28, 2019 Premier swung to net outflows in a “difficult year” as it finalised its merger with Miton, with Brexit uncertainty weighing on the asset manager. In its last results before the merger takes effect, Premier revealed that its assets under management (AUM) slipped from £6.9bn to £6.6bn for the year ending 30 September. Read more: Rathbone [...]
Rathbone Brothers buy Barclays Wealth personal injury business November 28, 2019 Rathbone Brothers has said it will buy the personal injury and court of protection business of Barclays Wealth. The wealth and investment manager will acquire the business, which comprises £500m funds under management on behalf of around 600 clients, for an undisclosed sum. Read more: Rathbone Brothers’ shares fall as it warns on tighter profit [...]
Revealed: the global league table of pension worry November 27, 2019 | City Talk Where in the world are investors most concerned about their pension savings? Schroders surveyed over 25,000 investors to find out. Experts often warn of a growing crisis in retirement saving. A study by the World Economic Forum, for example, calculated that the total shortfall in some of the world’s largest pensions markets would grow from $70 [...]
Portfolios of biggest asset managers ‘misaligned’ with climate targets November 27, 2019 The world’s largest asset managers – responsible for a collective $37 trillion (£29 trillion) – are failing to invest in a manner that supports the goals set out in international targets on climate change, according to research released today. The investment portfolios of the 15 biggest asset managers are “misaligned” with the goals of the [...]
FCA to ban marketing of mini-bonds amid concerns over investor losses November 26, 2019 The Financial Conduct Authority (FCA) today set out to ban the mass marketing of speculative mini-bonds to ordinary investors. The watchdog said the unregulated bonds could cause harm to amateurs, following a spate of investor losses. Read more: What are mini-bonds? Everything you need to know about the products hit by the FCA’s marketing ban [...]
What are mini-bonds? Everything you need to know about the products hit by the FCA’s marketing ban November 26, 2019 The Financial Conduct Authority (FCA) today announced it is using its special powers to ban the marketing of some unregulated mini-bonds to individual investors. Mini-bonds have come under scrutiny since the collapse of lender London Capital & Finance (LCF) earlier this year, but what exactly are the controversial investment products, and what has the FCA [...]
IPOs – no sure thing? November 26, 2019 | City Talk IPOs always attract plenty of attention, particularly when they are of highly-recognised companies. But are they a wise destination for investor cash? IPOs offer plenty of glamour, a change from the usual stocks in an index, and there have been plenty of new entrants to the UK stock market over the past ten years. Some [...]
Green Bonds vs. Traditional Bonds November 26, 2019 | City Talk Are environmental, social, and governance (ESG) investing returns higher, lower, or the same as those of comparable traditional investments? This question is the source of constant debate. Because ESG investing integrates non-traditional sources of risk that are not always priced by the market, some theorize that ESG approaches might generate higher returns than traditional assets. Contrasting green and non-green [...]
Profit dips as Polar Capital suffers £448m outflows November 25, 2019 Polar Capital has reported a drop in pre-tax profit following a “challenging” first half, but its assets under management (AUM) rose despite £448m net outflows. The figures The investment manager said its AUM hit £14.3bn as of 30 September, a 3.6 per cent increase on the £13.8bn it reported at the end of March. Polar [...]
What is microfinance and why does it matter for investors? November 25, 2019 | City Talk Exclusion from the financial system is widely regarded as a major obstacle to people’s efforts to grow out of poverty. In 2017, 1.7 billion adults across the globe had no access to a bank account, with the vast majority of them living in emerging and frontier markets. 56 per cent of these were women, and [...]