The Kames Ethical Cautious Managed fund strong performance won’t last forever, say co-managers Audrey Ryan and Iain Buckle.
Gross files lawsuit worth “hundreds of millions of dollars” for his dismissal in 2014, according to reports.
The fund has seen consistent net outflows this year from its peak of £24.6bn in assets at the end of January to £19.1bn at the end of August.
The Asian Debt Hard Currency fund will invest in government and related debt as well as corporate bonds.
Ian Kenny has been appointed in his place.
The decision is “due to commercial considerations” as the group focuses on the UAE, Hong Kong and Singapore.
Gross said zero-bound interest rates destroy the savings culture of investors, hamper business growth and provide no incentive for companies to spend capital.
Analysis by the FTshowed that the bid-to-cover ratio has dropped this year.
Bonds saw $3.3bn of outflows going into the US rate rise decision, marking six consecutive weeks of outflows for the sector.
Church has been with Fidelity for 12 years, becoming co-manager on the fund in 2013.
The £991m fund, run by Richard Marwood, has been downgraded from a bronze rating to neutral.
The fund’s asset have dropped from their peak of $293bn in April 2013.
The ‘bond king’ tells investors to seek safety in cash, or cash-like, assets.
The Ascentric wrap platform saw £1.19bn of sales in the first half of the year, compared to £1.16bn at the same time last year.
The US high-yield default rate rose to 1.92 per cent in July from 1.89 per cent at the end of June.
Parent company Prudential attributed the shift to a lack of appetite for fixed income funds.
Europe is a “better risk to take” and will continue to be a good investment to follow in the coming months.
The two new funds will both seek to pay semi-annual dividends.
Assets to avoid, and pile into, when US raises rates.
The fixed income giant has seen a 39 per cent decrease in assets since the start of last year.
For fund managers wanting to take equity risk off the table, their options are limited.
Northfield Strategic Advisors will provide investment commentary and asset allocation services to fund groups and networks.
Experts say Greece is likely to stay in the eurozone, adding the Greek crisis is not a financial markets crisis.
Long/short fund designed to take advantage of credit market volatility and interest rate rises.
With the bond market experiencing high volatility, fund managers wonder what is next for the asset class.
A survey by Bank of America Merril Lynch found 42 per cent of fund managers predict Greece could default without exiting the eurozone.
The asset manager has hired Omar Saeed to run the trust.
The news comes as Morningstar reveals Pimco outflows were worse than expected.
The funds replace the £2bn Kames Absolute Return Bond Fund, closed for capacity constraints.
The bank put the mistake down to “clerical error”.
The Janus Global Unconstrained Bond fund saw a 2.7 per cent drop.
Pimco has been toppled as the world’s largest bond fund.
The news follows the announcement of fund manager Stewart Cowley’s departure.
Psigma’s Tom Becket urges cautious investors to reassess their traditional concept of risk.
Only 8 of 33 European markets show net outflows of long-term funds.
The unconstrained bond fund continues to see outflows after Bill Gross’ departure.
Russ Oxley and his team have joined OMGI.
The manager of the M&G fund is one of the highest-paid finance execs.
The launch is alongside ETF Securities.
The central bank thinktank cautions on how markets would react to another crisis.