Responsible investing takes centre stage this week with the launch of a new ESG corporate bond fund from Xtrackers, three ESG ETFs from TD Asset Management, iClima Earth’s new carbon avoidance solutions fund, and an emerging market sustainability ETF from Fidelity. Eslewhere, Van Eck debuted two corporate bond funds, TrueMark added to its structured outcome ETF suite, and new provider Leatherback entered the ETF space with a long/short yield fund.

UK savers prioritised diversification in October, as Global (equity) and Global Bonds became the top two best-selling IA sectors respectively, according to the latest figures published by the Investment Association (IA). 

Waddell & Reed Financial has entered into a merger agreement with Macquarie Asset Management, the asset management division of Macquarie Group, whereby Macquarie would acquire all of the outstanding shares of Waddell & Reed for USD25.00 per share in cash representing total consideration of USD1.7 billion.

Ardan International, an Isle of Man-headquartered wealth management provider, has adopted Financial Risk Solutions (FRS) technology for its newly launched tier-one wealth management platform.

A new multi-family investment office, Arete, has launched in the North West of England.

AssetMark is to offer CIBC Private Wealth investment management services and wealth planning expertise on the AssetMark platform to support financial advisors in serving the complex needs of high-net-worth and ultra-high-net worth clients.

High-net-worth (HNW) households – those with greater than USD5 million in investable assets – now account for more than 43 per cent of total US investable assets, according to The Cerulli Report—US High-Net-Worth and Ultra-High-Net-Worth Markets 2020. 

Nearly three in ten (29 per cent) of financial advisers specialising in investments believe their firm will increase sales of onshore investment bonds over the next year as clients focus on longer-term solutions, according to new research by HSBC Life.

As the nation emerges from a second lockdown, savers are failing to take advantage of falling markets despite the returns on offer, new research from wealth manager, Quilter, has found.

The wealthy are at risk of ruining their reputations by trying to stay ‘invisible’ online, according to a new survey conducted by Transmission Private.