Investment manager Pimco has been fined nearly $20m (£15.9m, €18.9m) by the US Securities and Exchange Commission (SEC) for misleading investors about the performance of its actively managed Total Return ETF.
November was a “month of two halves” for Tilney Bestinvest’s clients as pre-election jitters gave way to a bullish mood following Donald Trump’s win.
Details on the Trump pledge to spend up to $1trn on infrastructure are sketchy, but renewable energy, surprisingly, may benefit, said infrastructure portfolio manager Matthew King at Morgan Stanley Investment Management.
Amundi has hired Raphaël Sobotka as head of multi-asset for retail clients and Laurent Tignard as head of multi-asset for institutional clients.
British MPs have criticised HM Revenue & Customs (HMRC) over its lack of scrutiny on whether tax reliefs are being used effectively, raising doubts about plans to digitise its services.
Online wealth manager Moneyfarm has announced two new appointments to its senior team.
Sterling weakness continued to rock the United Kingdom manufacturing sector in November as further upward pressure on input costs hit home, but demand remained strong.
The UK’s Financial Services Compensation Scheme (FSCS) has warned it may impose an interim levy on life and pension advisers over the increasing number of claims related to self-invested personal pension schemes (Sipps).
Jonathan Horsfield, associate director of investments at Cornelian Asset Managers, has left the firm to join another Edinburgh intermediary, Principal & Prosper, as an investment manager.
The HL Select UK Shares Fund launch today has been hailed as its biggest ever by Hargreaves Lansdown.
Tilney for Intermediaries is planning the launch a new range of ‘risk graded, low cost multi-asset funds’. In the first quarter of 2017.
Premier Asset Management achieved a record level of assets under management during the year and rebounded from its 2015 loss.
Chinese government bonds could be included in the global benchmark indices next year, according to Hayden Briscoe, Asia-Pacific head of fixed income at UBS Asset Management.
Foreign investors took their money out of EM assets at the fastest pace since the 2013 Taper Tantrum in November, according to the Institute of International Finance (IIF).
The price of Brent crude oil surged above $50 per barrel as rumours swirled that OPEC members had finally reached an agreement, which was later confirmed.
The director of a bankrupt UK-based IFA firm, who also ran a trading room, has been disqualified for eight years for failing to account for more than £4m ($4.9m, €4.6m) of client’s money, the Insolvency Service has revealed.
Edinburgh-based Cornelian Asset Managers has launched a new range of risk managed passive funds to sit alongside their existing multi-asset offering.
Woodford Investment Management (IM) and Legal & General’s principal investment arm have taken stakes in a £150m venture platform to support UK digital start-ups at all stages of the funding cycle.
Shares in RBS had fallen 5% top 187.2p by mid-morning on Wednesday after the bank emerged as the biggest failure in the Bank of England’s latest stress test scenario.
Fidelity’s Nick Price on the latest developments in Emerging Markets.
Barclays’ announcement on Monday that it has launched...
One of the losers so far, from the election of Donald...
The HL Select UK Shares Fund launch today has been...
Barclays has launched an online investment service...
The index dipped by 0.53% to 6763 Tuesday morning as...