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Fund and manager news

All the latest news on funds, ITs and ETFs

Woodford buys 10% stake in activist Crystal Amber

by Dylan Lobo on Jan 29, 2015 at 11:10

Fund manager Neil Woodford leads investors in giving activist investment trust more firepower for its campaigns.

M&G Global Basics shrinks by £1.8bn in 14 months

by Jonathan Yarker on Jan 29, 2015 at 08:00

M&G Global Basics has seen its assets shrink by 42% in the 14 months since Randeep Somel took the helm of the now £2.5 billion fund.

Passive and property investors push fund sales to four-year high

by Jonathan Yarker on Jan 28, 2015 at 16:25

Over £20 billion poured into investment funds last year, helped by a surge of interest in index-tracking and property funds.  

Diary of a Dumb Investor: my star stock is in freefall!

by Dumb Investor on Jan 27, 2015 at 13:28

After crowing about my record last week, one of my star stocks has taken a tumble. I should have known this would happen!

Pattullo cuts 'floaters' as rates remain stubbornly low

by Daniel Grote on Jan 26, 2015 at 17:40

Henderson Diversified Income manager cuts floating rate bonds to record low as interest rates show little sign of rising.

Capita: cheap oil, strong dollar to boost dividends

by Gavin Lumsden on Jan 26, 2015 at 17:35

Total dividend payments to shareholders will fall this year, says Capita Asset Services, but the underlying picture is encouraging.

Aberdeen howls as Widows makes it top 'Dog'

by Jonathan Yarker, Gavin Lumsden on Jan 26, 2015 at 12:40

Aberdeen Asset Management has highest number of badly performing funds says Tilney Bestinvest in its 'Spot the Dog' study.

Nick Train: takeovers could force Finsbury to go global

by Gavin Lumsden on Jan 23, 2015 at 17:10

Manager of Finsbury Growth & Income believes mergers and acquisitions will soar again this year but warns of a sting in the tail for his investors.

The case for buying the worst trusts of 2014

by James Carthew on Jan 22, 2015 at 13:19

James Carthew looks at some of 2014's worst-performing trusts and assesses their prospects for this year.

How investment trusts beat other types of funds

by Gavin Lumsden on Jan 21, 2015 at 16:24

Which type of investment fund is best? New figures show how on average investment trusts can beat rival funds over the long term.

Royal London hires Fidelity asset allocation boss Greetham

by Daniel Grote on Jan 21, 2015 at 13:58

Hire forms part of push to expand 'multi-asset' investing seen as growth area following government's pension reforms.

BEEP thinks Russia looks pretty cheap

by Daniel Grote on Jan 21, 2015 at 12:16

Managers of BlackRock Emerging Europe (BEEP) investment trust sold Russia last year but are now considering buying more.

Bankers trust looks overseas after disappointing year

by Daniel Grote on Jan 20, 2015 at 14:11

Global investment trust suffers from heavy exposure to stuttering UK shares and fewer holdings in buoyant US market.

US fund groups plan Luminex 'dark pool' platform

by David Campbell on Jan 20, 2015 at 13:17

Fidelity and eight other big investment groups are launching a private trading exchange to help them thwart high speed traders.

Investments for 2015: Citywire writers' picks

by Daniel Grote on Jan 19, 2015 at 17:23

An eclectic mix of fund, shares and ETFs from Citywire journalists and columnists that could do well in 2015.

Buxton backs Friends deal as Aviva says 1,500 jobs could go

by Alex Steger on Jan 19, 2015 at 16:03

(Update) Fund managers Richard Buxton and Alastair Gunn have backed Aviva's proposed deal to take over rival insurer Friends Life.

British Assets to become BlackRock Income Strategies

by Gavin Lumsden on Jan 16, 2015 at 13:42

Chairman Lynn Ruddick says struggling global income trust will not be a ‘clone’ if shareholders approve a new 'multi-asset' approach.

Sage Smith shows how funds can beat the market

by Gavin Lumsden on Jan 15, 2015 at 17:22

Terry Smith, manager of the £3 billion Fundsmith Equity Fund, answers critics who say he pays too much for quality shares.

FTSE dives 2.3% as global growth fears reignite

by Gavin Lumsden on Jan 14, 2015 at 17:13

Copper and oil prices tumble after the World Bank cuts its global growth forecasts, sending mining shares plunging.

Black Wednesday as Game Digital plunges on profits warning

by Gavin Lumsden on Jan 14, 2015 at 16:40

Game Digital disappoints Neil Woodford and Mark Barnett with a profits warning seven months after the computer games retailer returned to the stock market.

Winterflood's investment trust tips for 2015

by Gavin Lumsden on Jan 13, 2015 at 17:39

Winterflood Securities has published its New Year list of investment trust recommendations. We look at 11 investing in shares (equities).

Rathbones CIO joins Bankers investment trust

by Jonathan Yarker on Jan 12, 2015 at 09:17

Julian Chillingworth will join the global investment trust as a non-executive director.

Baker and Steel step down from Ruffer gold fund

by Dylan Lobo on Jan 09, 2015 at 15:49

Ruffer brings management of Ruffer Baker Steel Gold in house, with longstanding managers David Baker and Trevor Steel stepping down.

AA-rated Bennett: why I’m avoiding emerging Europe

by Chris Sloley on Jan 09, 2015 at 15:02

Henderson's John Bennett says there is no case to be made for rising opportunities on the continent’s fringe and believes Russia is best avoided.

Can regular savers afford to put trusts in a pension?

by Daniel Grote on Jan 09, 2015 at 11:55

Daniel Grote looks at the costs of saving regular amounts into investment trusts with his Hargreaves Lansdown Sipp.

Top Trusts: my Magnificent Seven!

by Gavin Lumsden on Jan 09, 2015 at 08:00

After a Christmas review it's all change on the Citywire Top Trusts portfolio as I sell two investment trusts and buy five more.

FTSE surges 2.3% as supermarkets take off

by Daniel Grote on Jan 08, 2015 at 17:09

(Update) FTSE 100 closes 150 points higher as bulls stamp their mark on 2015. Tesco ends the day 15% up on turnaround plans.

Alliance Trust investor backs Charter Savings Bank launch

by Gavin Lumsden on Jan 07, 2015 at 15:56

Elliott Management Corporation, the US hedge fund with a stake in Alliance Trust, is behind the latest 'challenger' to high street banks.

Toscafund takes Quindell stake above 5%

by Danielle Levy on Jan 07, 2015 at 09:20

Toscafund has upped its stake in troubled insurance claims processor Quindell.

Catastrophe fund returns $35m after no-loss year

by Gavin Lumsden on Jan 06, 2015 at 12:15

CatCo Reinsurance Opportunities, an investment trust specialising in natural catastrophe cover, plans a big pay-out to shareholders.

No fee for Schroders as UK Growth trust regroups

by Gavin Lumsden on Jan 05, 2015 at 16:30

Schroder UK Growth (SDU) will not pay a management fee this year as Philip Matthews works to get the investment trust back on track after a difficult 2014.

Woodford: UK approaches crunch time over Europe

by Dylan Lobo on Jan 05, 2015 at 10:33

Star fund manager says UK needs to move from the sidelines and decide whether it is 'in' or 'out' of Europe.

Investment trust launches: the pick of 2014's crop

by Robert St George, Gavin Lumsden on Dec 29, 2014 at 08:00

It's been a busy year of fund launches. We take a look at which have attracted investor interest.

Investment Trust Insider: 2014's winners and losers

by Gavin Lumsden on Dec 23, 2014 at 15:21

The last issue for 2014 reveals the year's winners and losers, reviews a host of launches and pinponts some 'special situations'.

2015 promises heady mix of exuberance and fear

by David Kempton on Dec 23, 2014 at 11:14

Experienced private investor David Kempton looks ahead to the risks and opportunities for investors next year.

Jupiter Primadona Growth: global growth contender?

by Jennifer Hill on Dec 22, 2014 at 11:57

A review of the Jupiter Primadona (JPG) investment trust whose manager Richard Curling has cut borrowing and kept a close watch on politics.

RIT Capital buys Strategic Equity Capital manager

by Gavin Lumsden on Dec 19, 2014 at 14:07

RIT Capital), the global investment trust backed by the Rothschild banking dynasty, has bought investment hotshots GVO Investment Management.

What does 2015 hold in store for dividends?

by Jennifer Hill on Dec 19, 2014 at 00:01

Growth of UK dividends virtually ground to a halt this year, but fund managers see brighter prospects for 2015.

Super Mario Kart helps lift Lindsell Train

by James Phillipps on Dec 18, 2014 at 14:04

Games giant Nintendo has given the top performing Lindsell Train (LTI) investment trust a boost after a difficult year.

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