Managed solutions

Net retail sales of funds of funds have exceeded £1bn for the first time in a year, according to Investment Management Association (IMA) figures.

Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.

Aviva Investors has sold its sustainable and responsible investments (SRI) funds business to Alliance Trust Investments in a £1m deal.

Schroders saw net inflows of £2.7bn in the volatile first half of the year as it revealed it is on the hunt for new talent.

The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space.

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The gearing and mid/small cap bias of Anthony Bolton's Fidelity China Special Situations trust have raised questions over its suitability for retail investors, Winterflood Securities has said.

Franklin Templeton has launched a Brazilian Opportunities fund targeting a total return from Brazilian equity, fixed income and currency markets.

The Investment Management Association (IMA) is to begin charging non-members to list funds in its sectors in a move that could see some groups removing vehicles from the listings altogether.

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