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Fund and manager news

All the latest news on funds, ITs and ETFs

Jupiter cuts £13m 'box profit' in fund pricing switch

by Dylan Lobo on Feb 24, 2017 at 10:20

Fund manager shares fall as it responds to regulatory pressure for cleaner charges by switching unit trusts from 'dual' to 'single pricing'.

Stewart Investors prepares ScotGems trust launch

by Danielle Levy on Feb 24, 2017 at 07:00

Edinburgh-based Asia and emerging markets manager looks to raise £100 million for new global smaller companies investment trust.

Woodford warms to banks before income fund launch

by Daniel Grote on Feb 23, 2017 at 16:42

Star fund manager and bank bear Neil Woodford says UK lenders 'more investable than they have been for a long time'.

Lindsell Train: Pearson can still be a digital winner

by Danielle Levy on Feb 23, 2017 at 11:53

Fund managers Mike Lindsell and Nick Train look to buy more shares in Pearson after reviewing the position after painful dividend cut.

Polar Capital and the quest for income from healthcare

by James Carthew on Feb 23, 2017 at 07:15

A goal of income growth has held back performance of Polar Capital Global Healthcare Trust. Its successor may take a new approach.

Women trust directors double in five years

by Michelle McGagh on Feb 22, 2017 at 00:01

Gender equality is making a mark on investment trusts yet only one in five directors of closed-end funds are women, according to new study.

Vanguard calls for 'health warnings' on pricey funds

by Joshua Thurston on Feb 21, 2017 at 09:38

Expensive funds should carry warning that high charges can damage investors' financial health, says low-cost funds provider.  

Peter Spiller: the king of capital preservation

by Danielle Levy on Feb 21, 2017 at 00:01

Fund manager Peter Spiller has run defensive Capital Gearing Trust for 35 years, making him the original 'multi-asset' global investor.

Unilever slides as Kraft Heinz abandons $143bn chase

by Danielle Levy on Feb 20, 2017 at 14:56

Hostile response spooks Kraft backers Warren Buffett and Jorge Paulo Lemman into pulling support for bid, sending Unilever shares lower.

Bad BAT tax reform would 'decimate' US importers

by Michelle McGagh on Feb 20, 2017 at 13:41

Trump administration plans for radical ‘border adjustment tax’ (BAT) would be massive policy error for the US, fund managers warn.

UK's biggest fund faces ‘critical year’ as consultants weigh performance

by Selin Bucak, James Phillipps on Feb 20, 2017 at 11:10

The £26 billion Standard Life Investments’ (SLI) Global Absolute Return Strategies (Gars) fund has avoided a key ratings downgrade but questions remain over its size.

Woodford Patient Capital suffers the ‘terrible twos’

by Robert St George on Feb 20, 2017 at 00:01

Woodford Patient Capital Trust has traded below its 2015 launch price for over a year. How patient should shareholders be?

James Henderson: my HOT story will narrow discount

by Selin Bucak, Gavin Lumsden on Feb 17, 2017 at 13:18

Henderson Opportunities Trust manager believes trust's shares will re-rate as investors hear how he is navigating post-Brexit market.

Fund managers have turned bullish on global economy

by Michelle McGagh on Feb 17, 2017 at 11:57

Global investors far more confident about economic prospects than a year ago though three quarters say US stocks too dear.

European Polls: why investors should hold their nerve

by Michelle McGagh on Feb 16, 2017 at 12:23

Elections in the Netherlands, France and Germany could upset markets but not rock Europe's longer-term economic recovery, say fund managers. 

Hargreaves launches monthly UK equity income fund

by Danielle Levy, Gavin Lumsden on Feb 15, 2017 at 16:33

HL Select UK Income fund will pay monthly dividend as it seeks to attract investors hungry for a regular return on their savings.

Olly Russ: Trump could lean on IMF to derail Greek bailout

by Michelle McGagh on Feb 15, 2017 at 15:52

Donald Trump could pressure International Monetary Fund to pull plug on Greece pitching the eurozone into a new crisis.

Investors sneeze at P2P trust’s ‘seasoning’

by Michelle McGagh on Feb 13, 2017 at 13:28

Manager of P2P Global Investments blames maturing loan book for its poor performance last year. Will investors give it another chance?

Nigel Thomas: I don't like look of Tesco-Booker deal

by Michelle McGagh on Feb 13, 2017 at 10:24

AXA Framlington's Nigel Thomas, Booker Group's second biggest investor, doesn't understand logic of wholesaler’s £3.7 billion sale.

Watchdog wrestles with problem of property funds

by Danielle Levy on Feb 10, 2017 at 08:02

Financial Conduct Authority proposes ways to prevent a repeat of property fund suspensions that hit investors after the Brexit vote.

Ruffer trims equity exposure on political uncertainty

by Joshua Thurston on Feb 09, 2017 at 10:07

Ruffer Investment Company has further reduced equity exposure of its defensive global portfolio in response to the uncertainties facing markets.

How to play the 'Brexit premium' in UK bonds

by Danielle Levy on Feb 09, 2017 at 09:44

Investors are being over-compensated for backing UK corporate bonds overshadowed by Brexit talks, says TwentyFour Asset Management.

Widdowson quits Strategic Equity Capital to launch new firm

by Daniel Grote, Dylan Lobo on Feb 07, 2017 at 16:57

Star smaller company manager reunites with HgCapital founder Ian Armitage and wins backing of Chris Mills at Harwood Capital. 

Three trusts to guard against market wobbles

by Matthew Read on Feb 07, 2017 at 12:44

Matthew Read picks out three investment trusts which could offer some protection, or even benefit, should markets fall.

Equity Income: Miton grabs top spot in Sanlam study

by Dylan Lobo on Feb 07, 2017 at 07:54

Miton UK Multi Cap Income run by Gervais Williams and Martin Turner crowned best equity income fund in study by Sanlam Private Wealth.

Guinness' new exploration trust isn't relying on the oil price

by Danielle Levy on Feb 06, 2017 at 10:06

The soon-to-launch Guinness Global Oil & Gas Exploration trust will tap into acquisition activity in the junior exploration market.

Investment Trust Watch: cancer fund battles discount

by Gavin Lumsden on Feb 03, 2017 at 16:58

Syncona, the former Battle Against Cancer Investment Trust, falls to a discount as investors adjust to decision to fight disease more directly.

Two property trust launches target yields of 5% plus

by Danielle Levy on Feb 03, 2017 at 07:16

Two new real estate investment trusts hope to attract income investors with inflation-linked revenues from care homes and property.

Scottish Oriental feels fallout from Trump's orders

by Danielle Levy on Feb 02, 2017 at 08:50

Scottish Oriental Smaller Companies is already seeing its Asia portfolio affected by Donald Trump's travel ban and plan for Mexican wall.

Brexit-bruised Davies steps back from Growth & Income

by Gavin Lumsden on Feb 01, 2017 at 16:57

Former Citywire AAA-rated manager Steve Davies relinquishes Jupiter Growth & Income fund to concentrate on his UK Growth responsibilities.

Three signs for bond investors to look for in 2017

by Michelle McGagh on Jan 26, 2017 at 08:00

Bond yields have jumped and their prices fallen. The pace at which these traditionally defensive assets continue to do so depends on Donald Trump, China and Europe.

The fund managers hit by BT's accounting scandal

by Daniel Grote on Jan 26, 2017 at 07:00

Invesco Perpetual's Mark Barnett tops the list of fund managers counting the cost of BT's shock revelations about its Italian business.

BT shares plunge 20% on Italian accounting scandal

by Daniel Grote on Jan 24, 2017 at 15:40

(Update) BT weighs on FTSE 100 as investors worry about its dividend after £530 million accounting scandal exposed.

Terry Smith: I won't rotate like a Greater Fool

by David Campbell on Jan 23, 2017 at 15:30

Citywire AAA-rated Terry Smith says glacial pace of US interest rate rises does not justify switch from so-called 'bond proxy' stocks. 

Andy Brough attempts to engineer Bovis merger

by Dylan Lobo on Jan 23, 2017 at 09:58

Schroders fund manager urges Berkeley Group to bid for rival troubled Bovis Homes but reports say it is not keen on £5 billion tie-up.

Jupiter eyes emerging market trust launch

by Danielle Levy on Jan 20, 2017 at 09:49

Renewed enthusiasm for emerging markets could see Jupiter Fund Management launch an income investment trust under Ross Teverson.

Hard Brexit is coming! Here's the fallout for UK property

by Danielle Levy on Jan 20, 2017 at 07:00

Now that Theresa May has outlined plans for a 'hard Brexit', what does 2017 hold for UK commercial property?

Vanguard cuts fees on £5bn LifeStrategy fund range

by Dylan Lobo, Gavin Lumsden on Jan 19, 2017 at 00:01

US index-tracking giant Vanguard trims annual charge on its LifeStrategy funds to 0.22% as it prepares to expand in the UK.

Fund managers buy euro equities as Trump fears loom

by Danielle Levy on Jan 18, 2017 at 11:01

Trade protectionism cited as the biggest concern amongst global fund managers surveyed this month. 

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