Azimut to buy 20% stake in Iranian financial firm
Milan-based asset manager Azimut, which oversees nearly €48bn, has agreed to acquire a 20% stake in Iran’s Mofid Entekhab for an undisclosed amount. (FT)

Investors pour $300bn into Vanguard in 2017
Investors ploughed nearly $300 billion into Vanguard Group funds in the first nine months of this year, nearly matching flows into the firm for all of 2016 in the latest affirmation of the primacy of low-cost passive investing. (WSJ)