Fixed Income

The European mutual fund industry shrunk by 1.3% in the second quarter, with a net decrease of more than 400 funds, as the number of mergers and closures began to accelerate again.

100% CLUB

Members of the Schroders and Cazenove Capital fund management teams are hitting the road next month to discuss recent changes at the group and to allow advisers to quiz its fund managers.

Financial advisers are doing pretty well post the implementation of the Retail Distribution Review (RDR), according to JP Morgan Asset Management's (JP AM) head of retail sales - but their key concern right now is fixed income markets.

Fixed income managers have cautioned the Bank of England (BoE) will be forced to backtrack on its forward guidance measures as it has been too pessimistic over the state of the UK economy.

SMART MONEY

SOAPBOX

The Investment Management Association (IMA) has unveiled the results of its review into the fixed income sectors, including the creation of a new global emerging market (GEM) bond category.

Firms are not expecting a return to the "equity culture" seen in the 1990s, according to research conducted by the Investment Management Association (IMA).

EQUITY CULT