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The managers of the FP Pictet Multi Asset Portfolio have made a number of bold asset allocation moves since the fund launched in June, including drastically reducing equity holdings in time to avoid the worst of the 'Black Monday' sell-off.
AXA Wealth has been named as the European multi-manager centre for the global AXA Group, ending speculation this arm of the business is up for sale.
The FTSE 100 tumbled 2.5% in morning trading today as weak manufacturing data in China intensified fears the region's slowdown will be worse than originally anticipated.
Invesco Perpetual has reduced the level its Global Targeted Returns fund can invest in other funds to 10%, following a substantial increase in assets under management.
NEWS YOU CAN USE: What happened in the City over the last month?
The Financial Conduct Authority (FCA) is investigating thousands of annuities sold since 2008 to see if they were unsuitable for savers.
These three funds deliver capital appreciation while also managing to generate income, offering investors a decent total return on their investmentContinue Reading
Oil prices soared 27.5% over the three sessions to Tuesday, as a fall in US oil production and a new OPEC report prompted a surge in trading.
David Stevenson asks why finance professionals continue to charge such high fees for their services in the face of massive technological change.
Ian Goulsbra, head of wholesale at Royal London Asset Management, is leaving the group at the end of the month to join Canada Life Investments on 1 September.
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