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Fund and manager news

All the latest news on funds, ITs and ETFs

Investment Trust Insider: issue 23 out now!

by Gavin Lumsden on Nov 26, 2015 at 12:00

Equity income as you've never seen it before plus special reports on private equity and who's buying commercial property trusts.

Woodford intervenes after Northwest allegations

by Gavin Lumsden on Nov 26, 2015 at 08:55

Fund manager demands Northwest Biotherapeutics appoints former FBI special agent to investigate allegations of financial impropriety.

Pricey property: fund managers forced out of London

by Jonathan Yarker on Nov 24, 2015 at 08:00

Commercial property fund managers are struggling to find value in the capital and are looking elsewhere for new opportunities.

UK rental growth will support commercial property

by Gavin Lumsden on Nov 23, 2015 at 14:59

Investors' fears about commercial property are misplaced, says Marcus Phayre-Mudge of TR Property investment trust.

Bargain hunt: fund managers size up oil stocks and miners

by Jonathan Yarker on Nov 19, 2015 at 12:03

With the commodities rout having sent oil stocks and miners tumbling, fund managers are focusing on companies best placed to cut costs.

Active or passive? You’re asking the wrong question!

by Mike Deverell on Nov 19, 2015 at 08:00

The merits of active funds over passives generate lots of column inches, but there are more important investment decisions to make.

Fidelity's Clark trims Glaxo ahead of expected break-up

by Daniel Grote on Nov 18, 2015 at 09:24

Citywire A-rated Michael Clark expects GlaxoSmithKline to split up its business, which could be good for the shares, but bad for the yield.

Mark Barnett dumps Glaxo, warns on UK earnings

by Gavin Lumsden on Nov 17, 2015 at 11:13

Top-rated manager of Edinburgh investment trust reveals why he has dropped drugs giant GlaxoSmithKline from all his funds.

Emerging markets: is the worst over?

by Gavin Lumsden on Nov 16, 2015 at 16:07

Could a US interest rate rise signal a turning point for battered emerging markets? Some investors believe all the bad news is priced in.

Nigel Thomas: take cheer from China's problems

by Dylan Lobo on Nov 13, 2015 at 08:30

Don't fret about China too much, says AXA fund manager Nigel Thomas. Many companies benefit from the commodities slump its slowdown has caused.

Income Investor: dividend danger and turbo yields

by Daniel Grote on Nov 12, 2015 at 13:45

Dividend cover is at its lowest level since the financial crisis. Should you be worried? And we examine funds with 'turbo' yields.

Brazier bags more Merlin as Alton Towers crash lingers

by Jonathan Yarker on Nov 10, 2015 at 13:01

Alton Towers is cutting 190 jobs after downturn in vistor numbers following rollercoaster crash. But Simon Brazier has been buying more shares in owner Merlin Entertainments.

Emerging market stars Tulloch and Asante step back

by Jonathan Yarker, Daniel Grote on Nov 09, 2015 at 10:19

Stewart Investors announces Angus Tulloch and Jonathan Asante will step down from lead management of their funds.

Nick Train's biggest regrets in 15 years at Finsbury

by Sean Butters on Nov 06, 2015 at 08:30

Nick Train's Finsbury Growth & Income trust tops the performance tables, but like most investors he still regrets the ones that got away.

The big dipper buyers of investment trusts

by Robert St George on Nov 05, 2015 at 08:00

Meet the directors who swooped on their funds' shares after the 'Black Monday' crash in August.

Top Gearing: investment trusts race to refinance

by Robert St George on Nov 04, 2015 at 08:00

The ability to borrow, or gear, can boost investment trusts' returns but some funds must repay pricey loans before interest rates rise.

Many happy returns! Terry Smith's world-beating five years

by Daniel Grote on Nov 03, 2015 at 15:12

Citywire AAA-rated Terry Smith is celebrating the fifth anniversary of Fundsmith Equity with his fund sitting towards the top of the Global sector.

The winning styles in UK Smaller Companies trusts

by Robert St George on Nov 03, 2015 at 08:00

We present a style guide to the UK's successful smaller company investment trusts.

Woodford shrugs off market falls to scoop £930m in three months

by Daniel Grote on Nov 02, 2015 at 12:52

A difficult summer for markets didn't stop star manager Neil Woodford from gathering £930 million from investors in the third quarter.

Scottish Mortgage co-manager Slater handed US role

by Daniel Grote on Nov 02, 2015 at 11:52

Tom Slater has been appointed head of Baillie Gifford's North American team alongside his role as co-manager of top-performing trust.

Investment Trust Insider: issue 22 out now!

by Gavin Lumsden on Nov 02, 2015 at 08:00

We look at the styles of successful UK Smaller Companies funds and reveal which trusts have taken advantage of low-rate loans.

Investment Trust Watch: Monks means business

by Daniel Grote, Gavin Lumsden on Oct 30, 2015 at 14:31

Monks throws up an interesting opportunity, P2P trusts continue their slide and Alliance Trust splashes £20 million on its own shares.

John MacDougall steps down from Baillie Gifford Shin Nippon

by Daniel Grote on Oct 30, 2015 at 12:12

Manager of top-performing Japanese smaller companies investment trust steps down after eight years at the helm.

AA-rated Trenchard leaves Standard Life Investments

by Daniel Grote on Oct 30, 2015 at 11:42

Standard Life UK Opportunities manager Caspar Trenchard leaves, with Harry Nimmo handed the fund on interim basis.

Small cap star: oil and gas stocks are 'stupidly low'

by James Phillipps on Oct 29, 2015 at 11:23

Fund manager Paul Mumford is hunting for 10-baggers in the depressed oil and gas sector, hoping to replicate his post-financial crisis success.

AAA-rated Ross sees 'stunning' opportunity for UK insurers

by Jonathan Yarker on Oct 29, 2015 at 10:48

Manager of Henderson UK Alpha fund has bought into Aviva and thinks merging annuity providers Just Retirement and Partnership can prosper. 

Nick Train: Pearson should cut dividend to save cash

by Gavin Lumsden, Sean Butters on Oct 29, 2015 at 08:00

Top UK fund manager and Pearson investor warns education publisher he will sell his holding unless its strategy improves.

Legal & General writes off stake in scandal-hit Globo

by Daniel Grote on Oct 28, 2015 at 11:06

Fund manager Richard Penny writes off stake in app developer Globo, labelling the scandal 'the worst I've seen in 10 years'.

Fund managers hit by scandal engulfing Globo

by Daniel Grote, Gavin Lumsden on Oct 27, 2015 at 11:45

A number of smaller company and growth fund managers have small stakes in Globo, an AIM-listed app developer hit by allegations of fraud.

Neil Woodford calls for Glaxo break-up

by Dylan Lobo on Oct 26, 2015 at 09:30

Star fund manager is reportedly urging GlaxoSmithKline to split its drugs business to generate more value for shareholders.

Is this one Sipp provider to put in your pension?

by Gavin Lumsden on Oct 26, 2015 at 08:00

Stuart Widdowson, manager of top smaller companies fund Strategic Equity Capital, spots a golden opportunity in Dublin. 

James Henderson: why I sold Bellway to buy Glencore

by Gavin Lumsden on Oct 23, 2015 at 15:25

Manager of Law Debenture, Lowland and Henderson Opportunities investment trusts explains how he sells high to buy cheap.

Wide discount belies Europe trust's strong record

by James Carthew on Oct 22, 2015 at 12:15

James Carthew sees a discount opportunity at top-performing JPMorgan European Smaller Companies.

Fed alert for emerging markets and mining trusts

by Robert St George on Oct 22, 2015 at 07:00

Investment Trust Insider looks at two markets that are at low points but which could yield good returns for patient, long-term investors.

Henderson's Stevenson braced for 'painful' EU referendum

by Daniel Grote on Oct 21, 2015 at 15:34

Tim Stevenson of Henderson EuroTrust fears a 'difficult, painful' debate over the future of the UK's European Union membership.

More pain for Train as Pearson shares crash

by Daniel Grote on Oct 21, 2015 at 10:19

Pearson shares register biggest fall since 1987 on dour profits outlook, in another blow for Finsbury Growth & Income manager Nick Train.

How to find the most 'liquid' investment trusts

by Robert St George on Oct 21, 2015 at 07:00

While many big UK and global investment trusts are highly ‘liquid’, smaller and more specialist trusts can be harder to trade.

Woodford lags as 'perverse' commodities rally takes hold

by Daniel Grote on Oct 20, 2015 at 11:19

Neil Woodford's eschewing of miners and oil stocks has hurt his performance in recent weeks, but the Citywire AAA-rated manager is sticking to his guns.

Titherington takes on 'problem child' JPMorgan Asian trust

by Daniel Grote on Oct 20, 2015 at 10:36

Richard Titherington takes on management of underperforming trust, replacing Ted Pulling, who is moving to the US.

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