FCA says there's work to be done in terms of ensuring value and enhancing competition
But the $3.25 billion in total disbursements in the first half of the year compares with $4.72 billion in the first six months last year
Active fixed income funds dominated the space in a modest quarter, according to Morningstar
Mutual fund redemptions rise, but ETF sales up too
Assets rise, but outflows continue in Q2, Morningstar reports
Tighter financial conditions pose growing threat to non-banks that may spread throughout financial sector
Review finds widespread failings in asset managers' practices and governance
FSB, IOSCO issue policy proposals to address redemption challenges
ETF sales climb, but mutual funds remain in net redemptions
System-wide review launched in response to recent liquidity crunches in stressed markets