- Fund News
Cazenove is looking to stem flows into Julie Dean’s UK Opportunities and UK Equity fund as assets approach £2.5bn.
BlackRock’s exchange traded fund business iShares has reported an increase in advisers using its ETFs on wrap platforms in the first quarter of 2013.
Henderson plans to remove the yield target on two of the multi-manager funds ran by Bill McQuaker’s team after citing the fact the market has “changed considerably” since their launch
Kames Capital has promoted Claire McGuckin to co-manager of the Kames High Yield Global Bond fund, effective of 1 June.
Multi-asset manager De Bunsen scaled back Japan overweight prior to market drop seen earlier this week after Bernanke’s QE comments.
Franklin Templeton plans to soft close a number of Mark Mobius’ frontier markets strategies after a “surge” of money heading into the products.
The sell off that struck global stockmarkets yesterday following the speculation that the Federal Reserve may ease its quantitative easing programme could prompt some investors to adopt a more defensive tilt to their portfolios.
Bill Miller has increased his exposure to Apple and other out-of-favour stocks in the $1.4bn Legg Mason Capital Management Opportunity trust as part of a contrarian approach to stock selection.
M&G’s Aled Smith has initiated a new position in Lloyds Banking Group as the lender moves to focus on its core strengths.
The managers of the recently-launched Jupiter Global Equity Income fund are focusing on the developed markets with 80 per cent of the portfolio split between the US and Europe.
£4.9bn rise in net inflows and increase in funds under management contribute to results.
Axa Investment Managers’ Mark Hargraves has been selectively increasing exposure to Italy in the Axa Framlington European fund.
US fund manager Mary Chris Gay has left Legg Mason Capital Management to pursue other opportunities.
Vanguard announces launch of Irish-domiciled exchange traded funds.
UK mid & small cap indices have a much greater international orientation than investors may be aware of.
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.
AllianceBernstein’s Arif Husain is to join T. Rowe Price as the asset manager’s new head of international fixed income.
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.
Newton has appointed Cairn Capital’s Khuram Sharih as high yield analyst in its global fixed income team.
Fidelity asset allocation director Trevor Greetham has started to cut back on his commodity exposure in light of slowing growth expectations from China.
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.
A cyclical earnings headwind behind emering markets’ underperformance looks set to improve.
F&C Investments multi-managers Gary Potter and Rob Burdett have added Jeremy Lang’s Ardevora Equity Income fund.
Multi-asset funds are adopting differing approaches to dealing with the volatility in gold after the yellow metal’s price dropped.
The £60m Legg Mason Income Optimiser fund has decreased its sterling exposure by 10 per cent since end of 2012.
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.
With an unclear outlook for the luxury goods sector, Prada proves an exception thanks to its prospects for growth and young business.
Regulator has moved from “considering” excluding venture capital trusts from the proposed ban to being “minded” to do so.
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.
European ETP provider Source launches Source Morningstar US Energy Infrastructure MLP Ucits ETF.