UK equity income managers have found their early purchases of Lloyds Banking Group thwarted by a longer than expected delay in the bank restarting dividend payments.
Neuberger Berman is to launch a European High Yield bond fund for recent hire Andrew Wilmont, as it bids to replicate the success of its $13bn (£8bn) US offering.
AXA Wealth's Corporate Investment Services business is increasing the investment universe for employee benefits consultants by adding exchange traded funds (ETFs) to its bespoke Investment Only offering.