UK - First-half profits at Barclays Global Investors soared to £91m - a 52% rise on the same period last year.
BGI attributed the increase to a combination of cost savings and its move away from low fee, index-based products and towards higher fee-generating active funds.
And it claims the shift has been so successful that its actively-managed assets now generate over 60% of management fees and more than 50% of total income.
The firm said that despite the state of the global equity market, total assets under management grew by £43bn to £543bn.
BGI has £385bn – or 71% – of its assets in index funds, £109bn (20%) in active assets and £49bn (9%) managed cash assets.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.