- Fund News
Stephen Snowden highlights “flaws” in negative duration, short-dated and floating rate corporate bond funds
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.
Legal & General Property has appointed Chris Hunt as a senior asset manager to support its £800m L&G UK Property trust.
Swiss bank Mirabaud is changing the direction of its $11bn asset management business by expanding its presence in the UK wholesale market, necessitating high-profile appointments.
Royal London Asset Management’s Derek Mitchell is underweight consumer staples and believes he sold defensive stocks too soon.
Rathbone Unit Trust has changed the Rathbone Strategic Growth Portfolio’s return benchmark to preserve its risk target.
John Ventre has moved to an underweight to European equities across Old Mutual’s multi-asset range after becoming concerned by the region’s dwindling growth prospects.
Future Capital Partners has launched a new enterprise investment scheme backed entertainment platform named Torch.
Jack Barrat has joined Charley Stanley’s fund division, Matterley Asset Management, as an assistant fund manager.
Political election result boosts confidence in Malaysia.
Troy’s Sebastian Lyon has stood by his allocation to gold, asserting that conditions are in place for “a secular bull market” in the yellow metal.
The UK fund manager is looking to take advantage of UK firms riding the wave of the rapidly growing international markets
Kames Capital joint head of fixed income Stephen Snowden does not believe bonds are in bubble as there are reasons why yields could stay be low for a long period of time.
Alliance Trust is set to close its North American Equity and European Equity funds at the end of June following a review of the business.
Focusing on the price/earnings of defensive stocks can hide their ability to create intrinsic value through their return on capital employed and cash conversion, says Fundsmith’s Terry Smith.
Jupiter Europa fund deputy manager Mike Buhl-Nielsen has been given control of the portfolio.
The Government is consulting on allowing savings to be transferred from Child Trust Funds to Junior Isas.
Carmignac Gestion has “virtually withdrawn” the precious metals theme from its investment strategy after saying deflationary pressures are greater than expected.
Allianz Global Investors has unveiled a new European equity fund for managers Thorsten Winkelmann and Matthias Born.
Iveagh CIO Chris Wyllie is bullish on property and has increased the property weighting for the Dublin domiciled Iveagh Wealth fund with the addition of Henderson UK Property fund.
Mark Lyttleton, former manager of the BlackRock UK Dynamic and UK Absolute Alpha funds, was arrested last month on suspicion of insider trading.
Despite renewed signs of life in the UK economy we should be wary of becoming absorbed in ”the ebb and flow of data”, warns Capital Economics.
London-based law firm Berwin Leighton Paisner has highlighted an opportunity for investment trust companies and VCTs to reclaim large VAT windfall from HMRC, in the next couple of weeks.
Natixis has launched the Loomis Sayles US Leaders fund, backed by Aberdeen Asset Management
Invesco Perpetual has promoted William Lam and Tony Roberts to assist lead manager Stuart Parks with the £209m Invesco Perpetual Pacific fund.
Given the sheer size of the £4bn First State Global Emerging Markets Leaders fund, news that First State plans to soft-close it in September will leave many investors looking for another way to play emerging markets.
First State Investments plans to soft-close Jonathan Asante’s £4bn First State Global Emerging Markets Leaders fund owing to the size of the portfolio.
Artemis European fund manager Mark Page looks to domestic utilities and smaller defensive stocks
Fund inflows from retail investors were “disappointing” over the first quarter of the year although some asset managers were able to rack up healthy sales, according to the Pridham Report.
Standard Life Investment head of fund of funds Bambos Hambi had concerns over the fund’s size and flexibility.