News

Royal London UK Mid-Cap Growth trust manager Leigh Himsworth is set to leave the firm in the autumn to join Gartmore.

Pacific Investment Management Company (Pimco) has filed with the Securities and Exchange Commission to launch five active fixed income ETFs - three short duration and two tax exempt - as well as two ETFs that track treasury indices.

Bank of London and the Middle East (BLME) has launched a Shari'ah compliant money market fund in Europe which it claims is the first and largest of its kind.

The managing director of Fortis Life says advisers should ask clients medical questions during the application stage of a protection sale.

Nucleus has added 11 funds in Vanguard's UK range to the IFA-owned platform.

US stocks traded lower as a number of disappointing trading statements curbed recent investor appetite.

There has been a surge in net retail sales of overseas domiciled funds compared to June last year, according to the IMA's Investment Fund Statistics for June 2009.

Investec Bank (Channel Islands) has appointed Stephen Henry as managing director of the international banking group.

Retail investors are starting to pile back into equity funds at the end of a record quarter for sales, according to the latest IMA monthly figures.

Hornbuckle Mitchell has created a dedicated administration team to help IFAs efficiently place new business with the SIPP specialist.