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Fund and manager news

All the latest news on funds, ITs and ETFs

Abenomics isn’t working: let’s turn activist!

by Gavin Lumsden on Nov 20, 2014 at 16:42

Curtis Freeze, the Hawaii-based manager of a Guernsey-based investment company, plans a raid on corporate Japan.

Ex-Plackett trust on liquidation knife edge

by Jonathan Yarker on Nov 20, 2014 at 10:45

An unnamed third party has launched a last-ditch attempt to save the BlackRock Hedge Selector from liquidation.

Fund managers tip stocks for special dividends

by Jonathan Yarker on Nov 20, 2014 at 08:00

With special dividends set to hit £18.9 billion for the year, here are the stocks fund managers are tipping as the next to pay out.

Income star sells two insurers but keeps faith in sector

by Luca Rossi on Nov 19, 2014 at 15:56

AAA-rated Richard Hughes has sold Aviva and Jardine Lloyd Thompson after strong runs for their shares.

M&G's Dobell on Quindell: 'We made a mistake'

by Danielle Levy on Nov 19, 2014 at 15:23

(Update: adds analyst exit news) M&G Recovery manager Tom Dobell has said he regrets backing  insurance claims processor Quindell.

Royal Mail sends FTSE lower on Amazon pain

by Daniel Grote on Nov 19, 2014 at 11:32

Royal Mail warns online retail giant Amazon's delivery service will slash growth rates for parcels business.

Woodford: why Astra should reject another Pfizer bid

by James Phillipps on Nov 18, 2014 at 16:19

Will Pfizer resume its pursuit of AstraZeneca? Fund manager Neil Woodford hopes the drugs company will remain independent.

Fidelity's Greetham adds to Japan after recession shock

by Jonathan Yarker on Nov 18, 2014 at 15:43

Fidelity's head of asset allocation took advantage of a buying opportunity when Japan's stock market fell on Monday.

Smith & Williamson scoops former M&G euro chief

by James Phillipps on Nov 18, 2014 at 09:38

Smith & Williamson has hired Giles Worthington, M&G's former head of European equities to run its European Growth fund.

Quindell ousts founder as investors bail out

by Dylan Lobo, Gavin Lumsden on Nov 18, 2014 at 09:25

Rob Terry leaves the claims processor after controversial share dealings angered investors, including fund managers Fidelity and Miton.

Ruffer: brace yourself for more volatility

by Jonathan Yarker on Nov 17, 2014 at 14:22

The managers of Ruffer Investment Company expect more turbulence as stock markets adjust to the end of an easy money era in the US.

Consumer Panel calls for higher all-in fund charges

by Daniel Grote on Nov 17, 2014 at 13:46

Panel calls on fund groups to levy a single charge and stop taking additional investment expenses from funds.

Nigel Thomas tops up on Shell and spends Shire winnings

by Daniel Grote on Nov 13, 2014 at 16:49

Thomas sold Shire before its takeover by AbbVie collapsed and believes Shell has 'recovery potential'.

Where next for BlackRock World Mining?

by Jeff Salway, Daniel Grote on Nov 13, 2014 at 15:22

The London Mining disaster has thrown the spotlight onto the trust's use of royalty contracts.

Is it wise to use growth funds to generate income?

by Neal Underwood on Nov 13, 2014 at 14:39

Experts say income investors can use lower-yielding growth funds but warn that withdrawing capital by selling units at the wrong time could hurt.

Lowland: why dividend prospects are good

by Danielle Levy on Nov 13, 2014 at 10:52

James Henderson of Lowland Investment Company takes issue with a forecast from Capita Asset Services that UK dividend growth is slowing.

How the foreign exchange trading scandal affects you

by Gavin Lumsden on Nov 12, 2014 at 17:03

The huge fines imposed on banks for currency manipulation point to a wider scandal affecting investors in funds and pensions.

Bank of England warns inflation could fall below 1%

by Daniel Grote on Nov 12, 2014 at 12:11

Bank doesn't expect to hit 2% target for three years, but there is more positive news on wages. 

Why I'm avoiding shares in house builders

by Jonathan Yarker on Nov 12, 2014 at 11:15

Royal London's top-rated equity income fund manager Martin Cholwill fears house builders could face political risk before the election.

Barnett: UK recovery will slow, but shares still look good

by Daniel Grote on Nov 11, 2014 at 11:58

Mark Barnett, manager of Invesco Perpetual's huge equity income funds, says the best part of the UK economic recovery may be over but the stock market still offers good value.

British Assets reinvents itself as the pensioner's friend

by James Carthew on Nov 11, 2014 at 10:02

James Carthew looks at British Assets investment trust's aim to tap into the £9 billion retirement market created by the pension freedom reforms.

How Woodford seized upon October's market storm

by Daniel Grote on Nov 10, 2014 at 15:02

Neil Woodford pounced on the tumbling stock market last month by snapping up more shares in companies he felt were oversold.

Jupiter's Bezalel: China's slowdown is gathering pace

by Matthew Goodburn on Nov 06, 2014 at 15:30

Bond fund manager says investors are too complacent about the slowdown in China and has bought more government bonds.

Investors pull $27.5bn from world's biggest bond fund

by Daniel Grote on Nov 05, 2014 at 11:05

Investors withdrew a record $27.5 billion from Pimco Total Return in October after manager Bill Gross' shock departure.

River & Mercantile 'micro cap' trust won't grow too big

by Gavin Lumsden on Nov 04, 2014 at 18:09

Smaller company star to run the new River and Mercantile UK Micro Cap Investment Company that will be capped at £100 million.

Henderson hires First State's Finegan for emerging markets push

by Dylan Lobo on Nov 04, 2014 at 17:10

Glen Finegan, former emerging markets fund manager at First State, takes on the task of improving performance at Henderson Global Investors.

Ditch the coal and go green, says Jupiter's Thomas

by Michelle McGagh on Nov 04, 2014 at 17:00

The latest Intergovernmental Panel on Climate Change report spells out why investors are increasingly avoiding fossil fuel stocks, says Charlie Thomas of the Jupiter Ecology fund.

You take the high road and I'll take the Lowland

by James Carthew on Nov 04, 2014 at 11:20

James Carthew looks at the Lowland Investment Company, one of the best performing UK equity income trusts in recent years.

Emerging markets managers to leave Jupiter

by Dylan Lobo on Nov 03, 2014 at 15:11

Philip Ehrmann and Kathryn Langridge will leave Jupiter at the end of the year.

How to find capital defenders in a crash

by Gavin Lumsden on Nov 03, 2014 at 08:00

Find out which trusts can protect your capital in troubled times.

5 shares the pros are buying

by David Campbell on Nov 03, 2014 at 05:01

A roundup of trades by professional investors. This time we look at Debenhams, Fuller’s, Crest Nicholson, Boohoo and Pressure Technologies.

Finally! Government redeems First World War bonds

by Daniel Grote on Oct 31, 2014 at 15:16

Government will redeem bond issued by Winston Churchill in 1927 to refinance First World War debts.

Williams: 'disgustingly cheap’ small firms will grow dividends

by Jonathan Yarker on Oct 31, 2014 at 10:42

Gervais Williams believes slowing global growth is a 'game changer' for income investment.

Schroder UK Growth picks Matthews as Dean successor

by Daniel Grote on Oct 30, 2014 at 16:28

Struggling investment trust hopes the man who replaced Richard Buxton at Schroders can revive its fortunes.

Investment Trust Insider 13: top trusts for pensions!

by Gavin Lumsden on Oct 29, 2014 at 14:26

Issue 13 of Investment Trust Insider is out now. We look at defensive trusts, investment trust pensions and other Top Trusts.

Alliance Trust cuts five from shares team in £2m restructure

by Daniel Grote on Oct 29, 2014 at 12:33

Move follows Ilario di Bon's departure from the underperforming global investment trust.

Star manager Julie Dean joins Sanditon

by Daniel Grote on Oct 29, 2014 at 10:00

Former Schroder UK Opportunities and Schroder UK Growth manager to run new UK fund for Sanditon.

Murray's Stout: investing doesn't get much tougher than this

by Jeff Salway on Oct 28, 2014 at 14:06

Murray International manager Bruce Stout says current investment climate is among the most challenging he has known.

5,000% return?! The trusts I should have bought

by James Carthew on Oct 28, 2014 at 13:11

As Citywire columnist James Carthew chalks up 30 years of working in investment, he looks at the trusts that have delivered over that time.

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