The asset manager will not pay dividend in the first quarter.
Traditional investment managers (IMs) with elevated leverage and outsized exposure to equity-oriented strategies see most pressure during increased volatility caused by Covid-19 pandemic.
China Securities Regulatory Commission (CSRC) said that it accepted applications from the two asset managers to set up mutual fund units in China.
Invesco announced a 60% mark-down on the values of unquoted stocks in UK equities funds, to avoid a Woodford-style liquidity crunch.
Investment products with LuxFLAG labels have crossed €100bn in assets under management.
The dividend distribution would be decided after a shareholders’ meeting convened after October 1.
In a letter to shareholders, Blackrock’s CEO Larry Fink said that the Covid 19 pandemic will change business and consumption patterns.
Spanish bank Banco de Sabadell stated on 30 March that it will sell its unit to BNP Paribas for €115m.
ESG funds have fared better than conventional funds during the recent spell of market volatility. What’s the secret behind this resilience? Asset News finds out.
A dividend deferral is the need of the hour, due to the uncertain impact of Covid-19 on the global economy and the fear of a financial crisis.