Format has been a hit in the US, while European regulators have approved no new CLO mutual funds since 2020
Industry’s hottest sector posts first client withdrawals in seven years after weaker returns in 2023, Goldman Sachs data shows
Fund managers urge ‘rethink’ of controversial corporate governance rules
Plus, UK capital markets revamp, record US debt issuance, and Musée Jacquemart-André reopens
UK asset manager becomes latest big-name house to embrace active ETFs
Chinese car buyers avoid Tesla as more advanced electric vehicles flood the market
Scheme takes seed investment as chancellor questions future of local government retirement schemes
Care home shortage and a stabilising residential market offer opportunities in rate-sensitive property funds
Emma Reynolds says her first objective is to ‘increase pension investment in UK productive assets’
With interest rates higher, many schemes are moving out of deficit, which could feed through to share prices
The funds will be conversions of existing fund strategies and are set to start trading in November
Retirement schemes shun London-listed equities and private markets
Oldest US bank aims to use Archer’s technology to expand in booming $5tn market
CFO and former PwC partner expected to succeed Peter Harrison
The FSC is concerned about a potential brain drain from the stockpicking industry caused by demand for passive ETFs
Also in today’s newsletter, debate over whether defence stocks should count as a sustainable investment
Smart beta pioneer and his firm Research Affiliates bet on long-term reversion to the mean
Asset managers turn to once-forgotten backwater to drive industry growth
Plus, H20’s cover up, ESG funds double down on defence, and Hôtel de Gallifet in Aix-en-Provence
Sector’s shares have soared and asset managers in debate on whether investing in it can be seen as sustainable
Staff wellbeing is a bigger priority for employers but has been hard to link to company performance
Balance is needed on incentives to ensure Pershing Square USA fund does not struggle after floating
The wirehouse is considering ETF versions of mutual funds already on its platforms, as well as new strategies
Support on votes has been dwindling among big money managers after reaching record levels just a few years ago
Memorandum of understanding is latest evidence of growing financial ties between China and Middle East
