Asian stocks have been largely ignored this year as investors take stock of positions and eye potential shifts in policy from central banks, but multi-managers are now upping their exposure amid a strong rally.
As more money flows into the industry, the fund universe remains skewed between the large funds getting larger still and the small funds being merged away.
The Investment Management Association has said there are signs the polarisation of fund flows is decreasing, despite consolidation across the distribution chain pointing to the opposite effect.
The Investment Management Association has highlighted the scale of any regulatory changes that may be necessary if Scotland votes for independence, after revealing 11% of total fund industry AUM is now run by Scottish-based groups.
The Financial Conduct Authority's probe into in-house fund ranges has split the wealth management community, with some groups abandoning propositions but others still keen to enter the space.
Last week, the S&P 500 soared past the 2,000 mark for the first time, surprising those who had expected a reversal of some of the 30% gain seen in 2013.
‘One of the nastiest pain trades ever’
The Investment Management Association is right to enforce rules forcing low-yielding funds out of the equity income sector, according to Allianz's Simon Gergel.