Asset managers say it is time to embrace riskier fixed-income assets again, with emerging markets bonds becoming an increasingly attractive option for investors as optimism wanes over a quick economic recovery in developed markets.

Invesco, one of the world's largest independent investment management firms with over USD1 trillion in assets under management, has launched two new funds this week: Invesco Global Buy and Maintain Credit 2020-2035 Fund and Invesco Global Buy and Maintain Credit 2030-2050 Fund. 

HSBC Global Asset Management (HSBC GAM) has appointed Lane Prenevost as Global Head of Discretionary Asset Management and Head of UK Multi Asset, reporting to Jean Charles Bertrand, Global CIO, Multi-Asset. Prenevost will start his new role on 1 September and will be based in London.

Salvus Master Trust has been selected as the replacement default scheme for the Ascot Lloyd Pension Trust, a master trust established during 2010.

Trade digitisation provider Bolero International has joined the Marco Polo Network, to bring Bolero’s e-Bill of Lading (BL) including e-documents and e-presentation solutions to the trade finance network. 

Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, has held the final close of the Althelia Sustainable Ocean Fund (SOF). 

The European asset management platform of Mediolanum Banking Group, Mediolanum International Funds Ltd (MIFL), has appointed Patrick McKenna as a new Equity Portfolio Manager within its Multi Manager team. v

The European Fund and Asset Management Association (EFAMA) has issued a letter to the European Commission on the subject of the PRIIPS draft Regulatory Technical Standards (RTS), calling for an immediate extension of the UCITS exemption, as well as an urgent Level 1 review of the regulation.

ECXX Global (ECXX) has secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express under the Recognised Market Operator (RMO) regime.

Easterly, an asset management holding company that owns stakes in third-party investment management businesses, has acquired an equity interest in James Alpha Advisors, a boutique asset management firm specialising in Global REITs and liquid alternative portfolio solutions.