Only three out of four thematic funds survived in a 10-year period, according to Morningstar data.

Only three out of four thematic funds survived in a 10-year period, according to Morningstar data.
The layoffs were made after a strategic review to enhance efficiency, said the fund manager.
Swiss investment bank shuffles the deck following Kuek’s departure to Temasek.
Rich individuals in the region are increasingly diversifying their portfolios to hedge market volatility, a recent study by Lombard Odier found.
Fidelity hires from BNP Paribas Asset Management and BlackRock.
US bank also adds Southeast Asia head in private bank.
French asset manager also names Nikou as head of distribution for the region.
Kong will oversee the consumer banking business in Hong Kong, including wealth strategy.
A company spokesperson said existing clients will be supported by teams in Europe.
UBS Global Wealth Management brings back one and adds another in Hong Kong
Part of the Mark Allen Group.