L&G buys £3bn UK annuity book from Aegon
Insurance giant Legal & General (L&G) has bought a £3bn ($4.3bn, €3.9bn) UK annuity portfolio from Dutch-headquartered life group Aegon.
Legg Mason taps global infrastructure income with new fund
Baltimore-headquartered asset manager Legg Mason is to launch an income-oriented global infrastructure fund. Managed by the group’s Australia-based subsidiary Rare Infrastructure, the fund will be made available to investors in the UK onshore fund range.
Amundi buys majority stake in Kleinwort Benson Investors
Oddo & Cie has agreed to sell Kleinwort Benson Investors to Amundi and the KBI management team.
Fixed Income | 23 May 16
Nine strategic bond funds for all situations
The ‘go anywhere’ approach of strategic bond funds has been a big hit with investors in recent years and big calls across the fixed-income spectrum are now having a huge influence on returns.
Vanguard joins EM chorus, sees strength in bonds
The firm sees improvement in the risk-reward balance for sovereign and investment grade corporate bonds in emerging markets.