Schroders Financial Planning arm launches 3 new funds

 

Schroders Personal Wealth (SPW), the Financial Planning joint venture by Schroders and Lloyds Banking Group, has launched three new Multi-Manager fixed income funds.

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Jupiter hit by £13.7m pre-tax profit slump as CEO exits

 

Fund manager Jupiter today reported a slump in pre-tax profits of £13.7m to £179.2m as assets under management dropped by 15% to £42.7bn and the firm was hit by net outflows of £4.6bn.

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Fund sales weaken as fixed income boom ends

Fund sales have nosedived amid the escalating trade war between the US and China.

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Fixed Income funds see highest ever redemptions

The Investment Management Association says its monthly authorised investment fund statistics for June show the highest ever level of redemptions of fixed income funds. Read more...