Invesco CEO Martin Flanagan has played down analyst concerns over further UK equity income outflows as former employee Neil Woodford prepares to launch his own fund.
Reporting its results for Q1 2014 on the day after Woodford left the firm, Invesco said today it had seen a further £2bn in UK equity income net outflows over the period. That comes after the £2.9bn...
FAANGs take hit
Latest figures from IA
Fund managers see 'signs of a tentative recovery'
Timing market "invariably pure luck"
Active funds took 'brunt of selling' during the month
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
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