http://www.fundweb.co.uk http://www.fundweb.co.uk http://www.fundweb.co.uk/magazine/graphics/logo.png http://www.fundweb.co.uk http://www.fundweb.co.uk/adviser-news/transparency-campaign-group-launches-investments-charge-calculator/1071602.article http://www.fundweb.co.uk/adviser-news/transparency-campaign-group-launches-investments-charge-calculator/1071602.article True and Fair Campaign calculator aims to show full cost of investments. Wed, 22 May 2013 11:17 GMT http://www.fundweb.co.uk/adviser-news/advisers-and-investors-in-line-for-keydata-payout/1071580.article http://www.fundweb.co.uk/adviser-news/advisers-and-investors-in-line-for-keydata-payout/1071580.article The FSCS will make initial distributions of 7.5p in the pound with total returns of between 12 and 15 per cent of the money invested. Wed, 22 May 2013 08:46 GMT http://www.fundweb.co.uk/alternatives/aic-vct-sector-supports-smes-despite-crisis/1071604.article http://www.fundweb.co.uk/alternatives/aic-vct-sector-supports-smes-despite-crisis/1071604.article The VCT sector continues to support SMEs in tough financial times with the technology and IT sector leading the way, according to the recent Association of Investment Companies report ’Investing for the future’. Wed, 22 May 2013 12:08 GMT http://www.fundweb.co.uk/europe/axas-hargraves-starts-to-lower-decade-long-italy-underweight/1071590.article http://www.fundweb.co.uk/europe/axas-hargraves-starts-to-lower-decade-long-italy-underweight/1071590.article Axa Investment Managers’ Mark Hargraves has been selectively increasing exposure to Italy in the Axa Framlington European fund. Wed, 22 May 2013 11:17 GMT http://www.fundweb.co.uk/uk/mpc-minutes-show-committee-remains-split-over-qe/1071596.article http://www.fundweb.co.uk/uk/mpc-minutes-show-committee-remains-split-over-qe/1071596.article MPC voted 6-3 in favour of keeping QE at £375bn. Wed, 22 May 2013 10:27 GMT http://www.fundweb.co.uk/fund-news/mary-chris-gay-departs-legg-mason-capital-management/1071593.article http://www.fundweb.co.uk/fund-news/mary-chris-gay-departs-legg-mason-capital-management/1071593.article US fund manager Mary Chris Gay has left Legg Mason Capital Management to pursue other opportunities. Wed, 22 May 2013 10:14 GMT http://www.fundweb.co.uk/alternatives/vanguard-launches-four-new-etfs/1071589.article http://www.fundweb.co.uk/alternatives/vanguard-launches-four-new-etfs/1071589.article Vanguard announces launch of Irish-domiciled exchange traded funds. Wed, 22 May 2013 09:55 GMT http://www.fundweb.co.uk/fund-news/old-mutuals-nickols-lauds-international-side-of-uk-mid-and-small-caps/1071577.article http://www.fundweb.co.uk/fund-news/old-mutuals-nickols-lauds-international-side-of-uk-mid-and-small-caps/1071577.article UK mid & small cap indices have a much greater international orientation than investors may be aware of. Wed, 22 May 2013 09:35 GMT http://www.fundweb.co.uk/europe/incoming-bank-governor-carney-warns-europe-faces-lost-decade/1071585.article http://www.fundweb.co.uk/europe/incoming-bank-governor-carney-warns-europe-faces-lost-decade/1071585.article In his last speech as Bank of Canada governor Carney warned Europe of the dangers of “half measures” to boost growth. Wed, 22 May 2013 08:51 GMT http://www.fundweb.co.uk/home/news/aberdeen-completes-artio-acquisition/1071578.article http://www.fundweb.co.uk/home/news/aberdeen-completes-artio-acquisition/1071578.article Aberdeen Asset Management has completed the deal to buy US fund management house Artio Global Investors. Wed, 22 May 2013 08:44 GMT http://www.fundweb.co.uk/investment-trusts/martin-currie-global-portfolio-to-pay-quarterly-dividend/1071569.article http://www.fundweb.co.uk/investment-trusts/martin-currie-global-portfolio-to-pay-quarterly-dividend/1071569.article The board of the Martin Currie Global Portfolio trust has announced that dividends will now be paid to shareholders on a quarterly basis rather than twice per year. Wed, 22 May 2013 08:15 GMT http://www.fundweb.co.uk/uk/miners-and-retailers-help-ftse-power-past-6800/1071572.article http://www.fundweb.co.uk/uk/miners-and-retailers-help-ftse-power-past-6800/1071572.article The FTSE 100 is approaching fresh highs as investors remain confident that central banks will continue pumping money into the financial system. Tue, 21 May 2013 17:03 GMT http://www.fundweb.co.uk/alternatives/fes-gleeson-the-fear-factor-driving-passive-investing/1071500.article http://www.fundweb.co.uk/alternatives/fes-gleeson-the-fear-factor-driving-passive-investing/1071500.article What investors fear most is losing out on gains that others are making, which makes them favour a passive strategy, but these funds should be blended with a range of active funds. Tue, 21 May 2013 16:30 GMT http://www.fundweb.co.uk/fund-news/t-rowe-price-names-arif-husain-as-global-fixed-income-head/1071568.article http://www.fundweb.co.uk/fund-news/t-rowe-price-names-arif-husain-as-global-fixed-income-head/1071568.article AllianceBernstein’s Arif Husain is to join T. Rowe Price as the asset manager’s new head of international fixed income. Tue, 21 May 2013 16:01 GMT http://www.fundweb.co.uk/uk/fall-in-inflation-comes-as-surprise-but-may-prove-temporary/1071537.article http://www.fundweb.co.uk/uk/fall-in-inflation-comes-as-surprise-but-may-prove-temporary/1071537.article Earlier today consumer prices index showed UK inflation dropped from 2.8 per cent from March to 2.4 per cent in April, according to data from the Office for National Statistics.  Tue, 21 May 2013 15:51 GMT http://www.fundweb.co.uk/bonds/newton-hires-high-yield-analyst-for-global-fixed-income-team/1071564.article http://www.fundweb.co.uk/bonds/newton-hires-high-yield-analyst-for-global-fixed-income-team/1071564.article Newton has appointed Cairn Capital’s Khuram Sharih as high yield analyst in its global fixed income team. Tue, 21 May 2013 15:24 GMT http://www.fundweb.co.uk/multi-manager/fidelitys-greetham-starts-to-trim-commodity-exposure/1071531.article http://www.fundweb.co.uk/multi-manager/fidelitys-greetham-starts-to-trim-commodity-exposure/1071531.article Fidelity asset allocation director Trevor Greetham has started to cut back on his commodity exposure in light of slowing growth expectations from China.  Tue, 21 May 2013 14:11 GMT http://www.fundweb.co.uk/asia/fs-investment-committee-a-yen-for-abes-japan-reforms/1071498.article http://www.fundweb.co.uk/asia/fs-investment-committee-a-yen-for-abes-japan-reforms/1071498.article Our expert panellists give their views on whether Japan’s strong rise and Shinzo’s Abe’s radical economic reforms are the precursor to real recovery or just another false dawn. Tue, 21 May 2013 14:10 GMT http://www.fundweb.co.uk/europe/somersets-johnson-five-reasons-to-say-no-to-fund-manager-bonus-caps/1071549.article http://www.fundweb.co.uk/europe/somersets-johnson-five-reasons-to-say-no-to-fund-manager-bonus-caps/1071549.article The European Parliament is due to vote on the proposed cap on fund manager bonuses in early June, despite many members of the asset management sector warning that such a move could be harmful to the industry. Tue, 21 May 2013 14:09 GMT http://www.fundweb.co.uk/fund-news/jp-morgan-earnings-headwind-easing-in-emerging-markets/1071518.article http://www.fundweb.co.uk/fund-news/jp-morgan-earnings-headwind-easing-in-emerging-markets/1071518.article A cyclical earnings headwind behind emering markets’ underperformance looks set to improve. Tue, 21 May 2013 11:12 GMT http://www.fundweb.co.uk/europe/goldman-sachs-warns-eu-exit-would-hit-financial-services/1071524.article http://www.fundweb.co.uk/europe/goldman-sachs-warns-eu-exit-would-hit-financial-services/1071524.article Goldman Sachs economic analyst Kevin Daly says a UK exit from the EU would be bad for both parties. Tue, 21 May 2013 10:33 GMT http://www.fundweb.co.uk/uk/inflation-drops-to-better-than-expected-24/1071510.article http://www.fundweb.co.uk/uk/inflation-drops-to-better-than-expected-24/1071510.article Consumer prices index inflation dropped by more than expected during April as transport costs fell, the latest government figures show. Tue, 21 May 2013 09:48 GMT http://www.fundweb.co.uk/europe/fca-warns-eu-bonus-cap-could-double-bankers-salaries/1071501.article http://www.fundweb.co.uk/europe/fca-warns-eu-bonus-cap-could-double-bankers-salaries/1071501.article FCA chief executive Martin Wheatley has warned the EU’s plans to cap bonuses could see bankers’ salaries double. Tue, 21 May 2013 08:57 GMT http://www.fundweb.co.uk/alternatives/close-brothers-haines-exploring-the-breadth-of-eis-opportunities/1071499.article http://www.fundweb.co.uk/alternatives/close-brothers-haines-exploring-the-breadth-of-eis-opportunities/1071499.article Enterprise investment schemes are nothing new in themselves, yet they now offer a tax-efficient way to access sectors that have the potential to boom in the years to come Tue, 21 May 2013 08:50 GMT http://www.fundweb.co.uk/multi-manager/fcs-potter-and-rob-burdett-add-langs-ardevora-uk-income/1071496.article http://www.fundweb.co.uk/multi-manager/fcs-potter-and-rob-burdett-add-langs-ardevora-uk-income/1071496.article F&C Investments multi-managers Gary Potter and Rob Burdett have added Jeremy Lang’s Ardevora Equity Income fund. Tue, 21 May 2013 08:47 GMT http://www.fundweb.co.uk/multi-manager/multi-asset-managers-split-on-how-to-play-gold/1071497.article http://www.fundweb.co.uk/multi-manager/multi-asset-managers-split-on-how-to-play-gold/1071497.article Multi-asset funds are adopting differing approaches to dealing with the volatility in gold after the yellow metal’s price dropped. Tue, 21 May 2013 08:47 GMT http://www.fundweb.co.uk/home/news/blackrock-extends-real-estate-reach-with-mgpa-acquisition/1071492.article http://www.fundweb.co.uk/home/news/blackrock-extends-real-estate-reach-with-mgpa-acquisition/1071492.article BlackRock claims to have become a “truly global real estate investment manager” after agreeing to acquire a property investment firm focused on Asia-Pacific and Europe. Tue, 21 May 2013 08:32 GMT http://www.fundweb.co.uk/fund-news/news/legg-mason-income-optimiser-fund-cuts-sterling-exposure/1071394.article http://www.fundweb.co.uk/fund-news/news/legg-mason-income-optimiser-fund-cuts-sterling-exposure/1071394.article The £60m Legg Mason Income Optimiser fund has decreased its sterling exposure by 10 per cent since end of 2012. Tue, 21 May 2013 08:08 GMT http://www.fundweb.co.uk/adviser-news/ashcourt-rowan-outsources-asset-management-admin-to-td-wealth/1071485.article http://www.fundweb.co.uk/adviser-news/ashcourt-rowan-outsources-asset-management-admin-to-td-wealth/1071485.article Ashcourt Rowan Asset Management plans to outsource its portfolio, settlement and custody services to TD Wealth Institutional. Mon, 20 May 2013 16:06 GMT http://www.fundweb.co.uk/us/is-the-us-entering-a-golden-era/1071476.article http://www.fundweb.co.uk/us/is-the-us-entering-a-golden-era/1071476.article The world’s largest economy appears to have turned a corner as a wave of positive data from the US is arguably illustrating an improved recovery.  Mon, 20 May 2013 15:02 GMT http://www.fundweb.co.uk/uk/woodford-equity-rally-demands-near-term-caution/1071475.article http://www.fundweb.co.uk/uk/woodford-equity-rally-demands-near-term-caution/1071475.article Invesco Perpetual’s Neil Woodford has expressed caution over the near-term outlook for equities, following the market’s strong rally during the opening months of the year. Mon, 20 May 2013 15:01 GMT http://www.fundweb.co.uk/asia/japan-demand-drives-equity-fund-inflows-to-14-week-high-says-epfr-global/1071471.article http://www.fundweb.co.uk/asia/japan-demand-drives-equity-fund-inflows-to-14-week-high-says-epfr-global/1071471.article The return of investors to Japan funds helped equity funds to outsell bond portfolios by four to one last week, figures from EPFR Global shows. Mon, 20 May 2013 14:14 GMT http://www.fundweb.co.uk/fund-news/svms-lawson-why-prada-is-exception-to-luxury-goods-sector/1071449.article http://www.fundweb.co.uk/fund-news/svms-lawson-why-prada-is-exception-to-luxury-goods-sector/1071449.article With an unclear outlook for the  luxury goods sector, Prada proves an exception thanks to its prospects for growth and young business. Mon, 20 May 2013 14:04 GMT http://www.fundweb.co.uk/alternatives/vcts-set-to-escape-ucis-promotion-ban/1071470.article http://www.fundweb.co.uk/alternatives/vcts-set-to-escape-ucis-promotion-ban/1071470.article Regulator has moved from “considering” excluding venture capital trusts from the proposed ban to being “minded” to do so. Mon, 20 May 2013 13:54 GMT http://www.fundweb.co.uk/bonds/woolnough-adds-apple-shares-to-mg-optimal-income/1071447.article http://www.fundweb.co.uk/bonds/woolnough-adds-apple-shares-to-mg-optimal-income/1071447.article Bond manager Richard Woolnough has bought shares in Apple for his £14.5bn M&G Optimal Income fund as colleague Aled Smith sold the £989.2m M&G American fund’s last stake in the stock. Mon, 20 May 2013 12:14 GMT http://www.fundweb.co.uk/adviser-news/standard-life-to-pay-platform-clients-2013-rebate-tax-bill/1071436.article http://www.fundweb.co.uk/adviser-news/standard-life-to-pay-platform-clients-2013-rebate-tax-bill/1071436.article Standard will fund tax on rebates for both Standard Life Wrap and FundZone. Mon, 20 May 2013 11:06 GMT http://www.fundweb.co.uk/uk/treasury-report-independent-scotland-could-see-advisers-regulatory-costs-soar/1071437.article http://www.fundweb.co.uk/uk/treasury-report-independent-scotland-could-see-advisers-regulatory-costs-soar/1071437.article Treasury warns if Scotland is to break away from the rest of the UK it would need a separate financial services regulator. Mon, 20 May 2013 11:06 GMT http://www.fundweb.co.uk/adviser-news/fidelity-to-restructure-adviser-sales-team/1071421.article http://www.fundweb.co.uk/adviser-news/fidelity-to-restructure-adviser-sales-team/1071421.article Company says move has been triggered by the RDR and will see some roles scrapped. Mon, 20 May 2013 09:47 GMT http://www.fundweb.co.uk/source-launches-us-energy-infrastructure-etf/1071414.article http://www.fundweb.co.uk/source-launches-us-energy-infrastructure-etf/1071414.article European ETP provider Source launches Source Morningstar US Energy Infrastructure MLP Ucits ETF. Mon, 20 May 2013 09:44 GMT http://www.fundweb.co.uk/alternatives/can-property-regain-safe-haven-status/1071420.article http://www.fundweb.co.uk/alternatives/can-property-regain-safe-haven-status/1071420.article With signs of a rise in prices – even in troubled Japan – some investors are expecting the property sector to retake its place in portfolios as a diversified, income-generating mainstay. Mon, 20 May 2013 09:34 GMT http://www.fundweb.co.uk/home/news/eu-set-to-extend-bank-bonus-cap-to-hit-10-times-more-people/1071417.article http://www.fundweb.co.uk/home/news/eu-set-to-extend-bank-bonus-cap-to-hit-10-times-more-people/1071417.article PricewaterhouseCoopers says the EU bonus cap will affect everyone who earns more than €500,000. Mon, 20 May 2013 09:30 GMT http://www.fundweb.co.uk/adviser-news/asset-allocation-is-ifas-top-outsourcing-choice/1071411.article http://www.fundweb.co.uk/adviser-news/asset-allocation-is-ifas-top-outsourcing-choice/1071411.article IFAs are most willing to outsource asset allocation of all their clients’ investment functions, according to a poll by FE Research. Mon, 20 May 2013 09:18 GMT http://www.fundweb.co.uk/home/news/-sir-mervyn-king-warns-govt-over-help-to-buy-risks/1071404.article http://www.fundweb.co.uk/home/news/-sir-mervyn-king-warns-govt-over-help-to-buy-risks/1071404.article The outgoing Bank governor also said the public should stop “demonising” individual bankers for the financial crisis. Mon, 20 May 2013 08:36 GMT http://www.fundweb.co.uk/adviser-news/cwc-research-how-to-build-a-successful-advice-firm-post-rdr/1071405.article http://www.fundweb.co.uk/adviser-news/cwc-research-how-to-build-a-successful-advice-firm-post-rdr/1071405.article CWC Research predicts the average adviser businesses will grow 5 per cent a year for the next three years. Mon, 20 May 2013 08:36 GMT http://www.fundweb.co.uk/adviser-news/celebrities-and-football-stars-victims-of-125m-film-investment-tax-fraud/1071403.article http://www.fundweb.co.uk/adviser-news/celebrities-and-football-stars-victims-of-125m-film-investment-tax-fraud/1071403.article A number of celebrities, bankers and football stars have been caught up in an alleged £125m tax fraud that revolved around film investments. Mon, 20 May 2013 08:33 GMT http://www.fundweb.co.uk/bonds/kames-snowden-the-problem-with-bear-market-bond-funds/1071396.article http://www.fundweb.co.uk/bonds/kames-snowden-the-problem-with-bear-market-bond-funds/1071396.article Stephen Snowden highlights “flaws” in negative duration, short-dated and floating rate corporate bond funds Mon, 20 May 2013 08:12 GMT http://www.fundweb.co.uk/fund-news/bestinvest-downgrades-burnetts-neptune-european-opportunities/1071379.article http://www.fundweb.co.uk/fund-news/bestinvest-downgrades-burnetts-neptune-european-opportunities/1071379.article Bestinvest has downgraded the Neptune European Opportunities fund to a one star rating, saying the manager has struggled to adapt to a difficult macro environment. Fri, 17 May 2013 15:54 GMT http://www.fundweb.co.uk/home/news/cazenove-shareholders-approve-424m-acquisition-by-schroders/1071391.article http://www.fundweb.co.uk/home/news/cazenove-shareholders-approve-424m-acquisition-by-schroders/1071391.article Cazenove Capital shareholders have approved a deal for the firm to be acquired by Schroders for £424m. Fri, 17 May 2013 15:51 GMT http://www.fundweb.co.uk/bonds/ishares-koesterich-four-reasons-to-still-hold-high-yield/1071384.article http://www.fundweb.co.uk/bonds/ishares-koesterich-four-reasons-to-still-hold-high-yield/1071384.article Spreads on high yield debt have dropped to historically tight levels, sitting a low last seen in the latter half of 2007. Fri, 17 May 2013 15:17 GMT http://www.fundweb.co.uk/alternatives/ex-blackrock-md-us-raid-on-bitcoin-exchange-is-hysterical-reaction/1071378.article http://www.fundweb.co.uk/alternatives/ex-blackrock-md-us-raid-on-bitcoin-exchange-is-hysterical-reaction/1071378.article Recent moves by US authorities to freeze an account tied to the largest Bitcoin exchange has been slammed as a “hysterical reaction” by a Warwick Business School academic. Fri, 17 May 2013 15:04 GMT