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Fund and manager news

All the latest news on funds, ITs and ETFs

M&G's Somel gets back to Basics and drops Growth

by Daniel Grote on Aug 28, 2015 at 08:00

Randeep Somel to focus on turning around performance of M&G Global Basics as Managed Growth fund handed to Dave Fishwick.

Acorn Income cashes in after betting on FTSE slump

by Daniel Grote on Aug 27, 2015 at 15:31

Best performing investment trust's bet that the FTSE 100 would fall from 7,000 milestone pays off after Black Monday crash.

Investment Trust Tips: Canaccord's 4 contrarian calls

by Gavin Lumsden on Aug 27, 2015 at 14:22

Alan Brierley of Canaccord Genuity identifies 'compelling' funds for investors prepared to brave the stock market with a long-term bet.

Bond managers take action as investors rush to exit

by Rob Griffin on Aug 27, 2015 at 11:46

Bond managers are putting safeguards in place as prospect of interest rate rises prompts investors to sell.

Thought UK quantitative easing was over? Not quite

by Daniel Grote on Aug 27, 2015 at 11:07

The Bank of England stopped the money-printing presses three years ago but will soon have £17 billion to plough into government bonds.

Woodford Patient: under the bonnet and beyond the hype

by James Carthew on Aug 26, 2015 at 08:30

James Carthew scours interim accounts from Neil Woodford's new investment trust.

Why the oil price could be depressed for a generation

by James Phillipps on Aug 26, 2015 at 08:00

The oil price may have fallen to its lowest level since the financial crisis, but Chris Taylor believes it will get cheaper.

Investment Trust Watch: Black Monday bargains

by Gavin Lumsden on Aug 25, 2015 at 17:21

(Update) Investment trust bargain hunters move in after yesterday's rout with funds of star Asia manager Hugh Young in focus.

Gervais Williams ‘relieved’ thanks to FTSE protection policy

by Dylan Lobo on Aug 25, 2015 at 10:03

Decision to buy protection against a sharp fall in the FTSE 100 looks a shrewd move after yesterday's panic-selling.

5 stocks the pros are buying and selling

by David Campbell on Aug 24, 2015 at 05:00

A roundup of trades by professional investors, including Safestyle, Lighthouse, Xchanging, RM2 and Optimal Payments.

Train's tip for successful investing: always be bullish

by Daniel Grote on Aug 21, 2015 at 08:30

Citywire AA-rated Nick Train says unless you can call market booms and crashes, it pays to be bullish 'whatever the circumstances'.

Lowland AIMs for growth with university spin-offs

by Jennifer Hill on Aug 20, 2015 at 08:00

The Lowland investment trust boasts racier stocks than many of its equity income peers, with a growing contingent of AIM-listed university spin-off firms.

Miton Worldwide Growth's exit plans could kill or cure trust

by James Carthew on Aug 20, 2015 at 08:00

Trust has offered shareholders an easier exit in bid to boost size, but plan carries risks, says James Carthew.

Gervais Williams renews insurance against FTSE sell-off

by Dylan Lobo on Aug 19, 2015 at 08:00

Gervais Williams has renewed his 'put' option against a FTSE 100 sell-off in a bid to provide protection for his Diverse Income trust.

Neil Woodford sells SSE on earnings fears

by Daniel Grote on Aug 17, 2015 at 15:47

Citywire AAA-rated manager sells energy provider he first bought more than five years ago, warning it could struggle to grow earnings.

BlackRock World Mining plans to raid reserves for divi

by Daniel Grote on Aug 17, 2015 at 12:14

Investment trust says it is prepared to use revenue reserves to keep 2015 dividend at last year's 21p level.

Standard Chartered will keep falling, says AA-rated Norris

by James Phillipps on Aug 17, 2015 at 09:58

Citywire AA-rated fund manager Barry Norris has hiked his 'short' position in the embattled emerging markets-focused bank.

Peter Webb fund kicked out of income sector

by Jonathan Yarker on Aug 14, 2015 at 08:00

Veteran smaller companies investor sees fund removed from UK Equity Income sector after missing yield target.

What Google’s 'Alphabet' revamp means for investors

by Emily Blewett on Aug 13, 2015 at 09:36

Shares in Google have rallied after the search engine giant announced a restructuring under the 'Alphabet' holding company. 

Steady dividends help counter emerging markets malaise

by James Carthew on Aug 12, 2015 at 12:15

Investors have prized JPMorgan Global Emerging Markets Income's ability to maintain steady dividends despite the downturn in developing markets.

Richard Buxton takes top job at Old Mutual Global Investors

by Charles Walmsley on Aug 12, 2015 at 11:23

Citywire AAA-rated manager will continue to run Old Mutual UK Alpha fund alongside new chief executive role.

Woodford Patient Capital starts issuing new shares

by Daniel Grote on Aug 12, 2015 at 10:59

Neil Woodford-managed trust raises £4.6 million in first of a likely series of new shares issues.

China's shock currency move sparks investor jitters

by Daniel Grote on Aug 11, 2015 at 14:53

Shares fall while gold and bonds rally after China surprises markets by devaluing its currency.

Investors pull £4bn from M&G as tide turns against bonds

by Daniel Grote on Aug 11, 2015 at 13:39

Fund group, which runs some of the UK's biggest bond funds, blames 'change in investor sentiment away from fixed income'.

Woodford Patient to issue more shares; reveals stocks

by Daniel Grote on Aug 11, 2015 at 09:58

Woodford Patient Capital to issue more shares to satisfy 'excess demand' after surging to double-digit premium.

UK income stars buy Barclays after ousting of boss

by Daniel Grote on Aug 10, 2015 at 12:52

Citywire AAA-rated James Lowen and Clive Beagles add Barclays to their JOHCM UK Equity Income fund for first time in five years.

Evy Hambro gets a helping hand on BlackRock Gold & General

by Chris Sloley on Aug 07, 2015 at 14:41

Natural resources specialist appointed co-manager on £670 million fund run by Evy Hambro.

Brunner looks overseas to boost yield appeal

by Jennifer Hill on Aug 07, 2015 at 13:54

Brunner managers are increasing their exposure to overseas stocks as they try to look beyond 'obvious' sources of income.

Investment Trust Watch: Woodford keeps flying

by Daniel Grote on Aug 07, 2015 at 11:54

Neil Woodford's Patient Capital trust has got off to a flying start, and is now up by nearly 20% since launch.

Investing in retirement: why it's not just about income

by Michelle McGagh on Aug 06, 2015 at 11:20

Figures from Hargreaves Lansdown show that while traditional income investments still hold sway, retirees aren't ignoring growth.

Miton Worldwide Growth trust plans easier exit for investors

by Daniel Grote on Aug 05, 2015 at 13:00

Trust aims to address persistent discount and small size by allowing shareholders an easier exit.

Standard Life tops fund sales ahead of Woodford

by James Phillipps on Aug 05, 2015 at 09:45

Standard Life Investments takes top spot in report on fund sales, thanks in part to the popularity of its Global Absolute Return Strategies fund.

10 stocks that could spring a dividend surprise

by Jonathan Yarker, Daniel Grote on Aug 04, 2015 at 15:18

We asked 10 leading UK fund managers for the stocks they believe could deliver better-than-expected dividends.

Big-name fund groups pile in to Gloo flotation

by Daniel Grote on Aug 03, 2015 at 15:49

Invesco, Ruffer and Standard Life Investments among groups backing the latest company brought to AIM by Marwyn Value Investors.

Aberdeen woes deepen as Asia funds branded 'dogs'

by Daniel Grote on Aug 03, 2015 at 15:05

Two of Aberdeen Asset Management's popular Asia funds feature in Tilney Bestinvest's Spot the Dog study of underperfoming funds.

Unusual All Share tracker trust cuts charges

by Gavin Lumsden on Jul 31, 2015 at 12:20

Aberdeen UK Tracker, the only 'passive' fund that can beat the index, cuts its annual fee in response to the price war from rivals.

Nicholas Price takes charge of Fidelity Japanese Values

by Gavin Lumsden on Jul 31, 2015 at 10:22

Manager replaces Shinji Higaki as Japanese smaller companies investment trust tries to catch up with sector leader Baillie Gifford Shin Nippon. 

Can M&G Recovery stage its own turnaround?

by Dylan Lobo, Daniel Grote on Jul 30, 2015 at 15:37

Tom Dobell's once-triumphant strategy of investing in out-of-favour companies has come unstuck. Can his fund mount its own recovery?

The wind fund that won’t be blown off track

by Gavin Lumsden on Jul 29, 2015 at 08:00

Greencoat UK Wind, the only stock market listed wind power fund, says government cuts won’t blow it or renewable energy off course.

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