Best Practice | 5 Mar 18
Asset managers pay £34m compensation for closet trackers
The Financial Conduct Authority (FCA) has ordered asset managers to pay investors £34m (€38m, $46.9m) in compensation after overcharging for “closet tracker” funds, in a move described as “hugely positive” for investors.
Schroders net inflows increase nine-fold
Schroders revealed a strong full-year report on Thursday, with net inflows at almost £10bn, compared to £1.1bn in 2016.
Investment | 23 Feb 18
Standard Life Aberdeen reports £31bn outflows
Standard Life Aberdeen (SLA) has reported outflows of £31bn (€35.2bn $43.3bn) in its first annual results as a combined entity following the £11bn merger between Standard Life and Aberdeen Asset Management last year.
Fidelity makes U-turn on research costs
Fidelity International has reversed its stance on research costs and is joining many asset managers in absorbing the fees of external research, instead of passing it on to clients.
Investment | 20 Feb 18
Franklin Templeton launches EM local currency bond fund
Franklin Templeton Investments has launched a Templeton Emerging Markets (EM) Local Currency Bond fund.