HSBC shares have climbed this morning after the bank beat analyst’s expectations today by announcing a 10 per cent rise in profits for the first half of this year, driven by strong performance in Hong Kong. The bank reported pre-tax profits rose to $13.6bn in H1, up from £12.3bn a year ago. Revenues were up from $31.1bn from $32.9bn.
Kii Hub has been named as a finalist for the ‘Best Practice’ category in this year’s Fund Services Awards, marking this two years in a row that the outsourced solutions provider has been on the list for this highly-regarded recognition. Kii Hub won the category in 2014.
An interesting article in FTfm, the Financial Times’ fund management industry section, caught my eye recently. The piece, based on new data from wealth managers SCM Private, argued that concentrated “best ideas” funds do not perform any better than more traditional diversified mutual funds.
Time and again, advisers seem to find themselves in hot water with the FCA Financial Conduct Authority over not demonstrating the suitability of their investment advice adequately.
One of the biggest challenges for marketers working in the asset management industry is how to take raw data and distribute it in an accurate and attractive way. Not only should data be presented in a clear, simple and precise style, but the story the data tells should also be accessible for a range of audiences if you really want to grow your assets under management (AUM).
Gone are the days where the sheer mention of the word ‘ethical’ in relation to investments conjured up pictures of soup-eating, hemp-wearing, free-spirited types with a bit of cash.
Just thirteen ethical funds from the ethical and socially responsible investment universe made the cut in the inaugural recommended ethical funds list from ratings, research and investment data specialists FE Trustnet. Henderson Global Investors bags three spots for its sustainable range.
It’s no secret that the fund management industry has been subject to scrutiny around how transparent it is - with this focus amplified by rule changes surrounding charges brought on by the Financial Conduct Authority. This has, however, had the beneficial effect of increasing industry best practises – but more needs to be done to ensure that the end-investor is sufficiently informed.
“Yesterday’s sharp vertical drop in Apple’s share price will obviously concern investors with any substantial exposure to the tech behemoth. Shares in the California-headquartered multinational firm slid around 7 per cent in afternoon trading following its latest quarterly results.
UK managers, Sarasin Investment Funds and the IA Unclassified sector all winners of FE’s latest Crown Ratings rebalance