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US asset managers dominate Morningstar Awards shortlists

Capital Group, T.Rowe Price and iShares have been nominated as finalists for the Morningstar Awards for best asset manager across all asset classes in Luxembourg.

The nomination for iShares is a first: never before a passive fund house received a nomination for the Morningstar Award for best asset manager. iShares was also nominated for best fund house in the category fixed-income overall, in an apparent rebuke of active management. This shortlist is also all-American, with BlueBay and Capital Group being the other nominees.

Storytelling gaining importance for fund managers

The story behind an investment fund or asset manager is taking an increasingly important place in the selection process. Performance and price will always matter, but there is more to it than that these days,’ said Chris Chancellor of Broadridge this week at the cross-border distribution conference of Financial Times, Deloitte and Elvinger Hoss.

EU-UK financial services relations threatened by mistrust

Signs of how the EU will seek to remould its relationship with the UK on financial services are starting to emerge, Yet it’s unclear to what extent this will be a technocratic, economics centred approach or a more political vision. The industry also wants clarity on how regulation-setting will change post Brexit.

Why Tesla buys bitcoin

When Tesla’s annual report was released on Monday, it stated that the firm had bought $1.5 billion in bitcoin and that it wants to expand this position. This seems a strange move for an electric car producer, but Elon Musk regularly tweets about bitcoin and the digital currency dogecoin.