Simon Evan Cook respects the 'average investor' argument in the active v passive debate, but argues it sidesteps a crucial factor...
Friends Life is to pull a further £15bn of assets from F&C Asset Management by the end of the year, as it awards several mandates to a new investment manager.
Standard Life Investments has soft-launched a more aggressive version of its £20bn Global Absolute Return Strategies (GARS) fund and will roll it out widely in the next few months, Investment Week understands.
Schroders is set to hard-close a number of its most popular UK equity funds in the coming months, the group has said.
Markets across Asia fell sharply overnight, with key indices shedding over 3%, as worries about the health of the Chinese economy and its ability to re-balance continued to hurt equities.
Credit ratings agency Moody's has cut the rating of the Royal Bank of Scotland (RBS), amid fears its restructuring will 'heavily depress' profits.
Hargreaves Lansdown received over 600 individual deals on fund prices before it decided which funds would make it onto its new Wealth 150 + list, Investment Week can reveal.
F&C Asset Management has warned it faces "signicant" short term headwinds following the loss of its strategic partnerships, as it urged shareholders to approve a £700m takeover deal.
Investors have a decision to make: stick with the expensive developed world or take a risk on cheaper emerging markets.