News

Source, the specialist provider of exchange-traded products, has listed its inaugural range of 15 exchange-traded commodities (ETCs) on the SIX Swiss Exchange.

Andrew Fisher, chief executive of Towry, is in line for a £100m payday when the wealth manager is listed in the New Year.

ETFs and exchange-traded products listed in Canada have experienced a growth in assets under management of 23.7% year-to-date, to reach US$35.3bn according to BlackRock.

The FSA has been warned new commodities ETFs launched by investment banks pose a danger to the metal markets.

A global group of bond investors has threatened the Icelandic government with legal action, in a move which could delay efforts to recoup billions of pounds of UK taxpayer funds held by the country.

Gartmore shares have dived more than 17% in early trading following Roger Guy's decision to retire from fund management.

More than one in six finance chiefs at British companies believe the UK economy will remain steady over the coming year, according to a survey by the recruitment firm Robert Half.

Skandia is replacing Martin Currie's Tom Walker from its team of external managers running the Global Best Ideas fund in favour of a US manager used by Gartmore.

A new breed of platform players, catering to the restricted advice, stock-broking and corporate wrap sectors, is poised to shake up the sector, according to MD of the Platforum consultancy, Holly Mackay.

Gartmore veteran Roger Guy has announced he will retire from day-to-day fund management.