Mark Mobius is to stand down from fund management duties on a range of 12 Luxembourg Sicavs but will remain as executive chairman of Templeton Emerging Markets Group.
Three Franklin Templeton bond funds suffered more than €800m of outflows in January, according to Morningstar data.
As Unilever chief executive Paul Polman pushed the potentially record-breaking $143bn approach by Kraft Heinz off the table on Friday (17 February), a knee-jerk media frenzy suggested that the vulture might continue to circle.
Federal Reserve chair Janet Yellen offered the market a hawkish message on Tuesday as she indicated the US economy might be poised for a series of gradual interest rate increases, starting as early as next month.
Not one to mince his words, when Donald Trump used his first press conference since being elected to accuse the pharmaceutical industry of “getting away with murder” it looked like the US drug industry didn’t have the respite they were expecting when Hillary Clinton was pipped to the post.
The Financial Conduct Authority has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.
The once “unthinkable” prolonged period of low and negative interest rates may have even further to travel, according to the chief economic adviser to insurance giant Allianz.
Deutsche Bank is working on an initial public offering of its asset management division to rebuild its capital position, the Financial Times has reported.
Investors are turning more cautious in the face of the turmoil in the financial markets this year, according to the latest Bank of America Merrill Lynch (BAML) Fund Manager Survey, with average cash balances up at their highest weighting since November 2001.
Global assets under management will rise to more than $100trn by 2020, from $63.9trn in 2012, according to a report published by consultancy PwC