Distance Learning Students Celebrate at Graduation

The City Finance fair 2013 took place yesterday, 10th October in the ICMA Centre Atrium. The event was aimed at introducing specialist organisations to Henley Business School students and was an excellent opportunity for students to expand their knowledge and network of contacts.

Fidelity, the asset manager with $2.4 trillion assets under management, recently announced the launch of two index mutual funds with a 0% fee! This announcement is interesting for several reasons. First, the asset management industry has been involved in an intense price war and this new fee level of 0% represents a very tough benchmark for the competition to beat. Not surprisingly, the share price of rival asset managers fell by a few percentage points shortly after the announcement. Second, the new fee level is unusual as it indicates that, for the first time, investors could get exposure to both US and international equities without incurring any fee. This is a curious business decision. How will Fidelity manage to pay for all its expenses? Will this product be a loss-making venture? Is there more to it than meets the eyes?

The annual ICMA Centre Stock Market Competition 2013 took place on Monday 08th July. The competition open to year 12 students from around the Berkshire area, saw the Willink school gain 1st place for the second year in a row, followed by students from Reading School who gained both 2nd and 3rd place.