A number of asset managers could lose access to investment research following the implementation of MiFID II, as their current payments to research providers are likely to be insufficient under the directive, according to Chris Turnbull, co-founder of...
Fund managers have warned of short-term volatility following Italy's vote against constitutional reform in this weekend's referendum, which they say could "exert a baleful influence" on the country's struggling banking sector.
The euro fell to levels last seen in March 2015 last night as Italian Prime Minister Matteo Renzi said he would resign after suffering a worse defeat than expected in the country's referendum on constitutional reform.
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For over two decades, the pace of Italy's economic growth has lagged that of its major continental peers, writes LGIM's Justin Onuekwusi.
Concentrated portolio remains unchanged following election
Global equity funds the only beneficiary