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Fund and manager news

All the latest news on funds, ITs and ETFs

Investors pull £2 billion from Aberdeen property funds

by Daniel Grote on Jul 25, 2016 at 10:48

Fund group reveals investors withdrew £2 billion from its property funds in three months, as the sector comes under pressure following the 'Brexit' vote.

The big winners and losers from cloud computing

by Gavin Lumsden on Jul 22, 2016 at 07:00

Don't stick your head in a cloud. Technology is too big for investors to ignore, says Ben Rogoff of Polar Capital.

Pokémon Go: is Nintendo's soaraway share justified?

by Michelle McGagh on Jul 21, 2016 at 16:20

Yes, says Michael Lindsell who bet big on Nintendo before the success of Pokémon Go and who thinks its 'freemium' model has merits. 

Jupiter Merlin sells Artemis Income fund hit by Gosden exit

by Dylan Lobo on Jul 21, 2016 at 15:50

Jupiter’s multi-manager team has sold its longstanding holding in the Artemis Income fund hit by the shock departure of co-manager Adrian Gosden.

Fund managers look to 'helicopter money' to scare the bears

by Gavin Lumsden on Jul 21, 2016 at 11:25

'Brexit' has put global fund managers off Europe while their holdings of cash are at a 15-year high, says Bank of America Merrill Lynch.

Henderson's Hermon seizes opportunities after 'Brexit' blow

by Michelle McGagh on Jul 20, 2016 at 11:41

Wrong-footed by EU referendum, Henderson smaller companies manager responds by buying over-sold financials and exporters.

FundsNetwork adds 25 investment trusts to its range

by Sean Butters on Jul 20, 2016 at 07:52

Funds supermarket expands range of investment trusts to 91 and plans to offer all of them by the end of the year.

Turkey’s failed coup: what it means for investors

by Dalvinder Kular on Jul 18, 2016 at 16:05

An attempted military coup has heightened political and social divisions in Turkey and strengthened the hand of president Erdogan.

The Expert View: M&S, GlaxoSmithKline and WPP

by Michelle McGagh on Jul 15, 2016 at 05:00

Our daily roundup of fund manager and analyst commentary on shares, also including Moneysupermarket and B&M.

‘Robo Active’: expert views on our fund manager trackers

by Gavin Lumsden, Christine Dawson on Jul 14, 2016 at 16:33

Experts give their verdicts on our attempt to build investment portfolios based on tracking top fund managers. 

Property fund suspensions: don't panic, it's not 2008

by Jonathan Yarker, Sean Butters on Jul 14, 2016 at 15:53

The spate of property fund suspensions following the 'Brexit' vote is reminiscent of the financial crisis, but experts say much has changed.

Aberdeen lifts suspension on UK Property fund

by David Campbell on Jul 13, 2016 at 16:04

Aberdeen has lifted a suspension on redemptions from its open-ended UK Property fund.

Artemis Alpha board tells managers to cut private equity

by James Phillipps on Jul 13, 2016 at 11:24

Board of underperforming investment trust tells John Dodd and Adrian Paterson to cut heavy weighting to private equity investments.

'Robo Active': tracking the world’s top fund managers

by Gavin Lumsden on Jul 13, 2016 at 11:09

Citywire's second 'Smart Alpha' special report reveals one way to build portfolios that track the world's top fund managers.

Aberdeen extends property investors' deadline again

by David Campbell on Jul 12, 2016 at 10:08

Investors who said they wanted to sell Aberdeen Property fund have until tomorrow if they want to pay its 17% 'dilution levy'.

JPMorgan Overseas seeks capital future with 4% dividend

by Gavin Lumsden on Jul 12, 2016 at 07:00

Global investment trust plans to ramp up dividends and change name in bid to win support from income-starved investors.

JP Morgan's Emly returns after illness

by Dylan Lobo on Jul 11, 2016 at 09:49

Sarah Emly, co-manager of JPMorgan Claverhouse and three other investment trusts, has recovered from a nine-month illness.

AAA-rated Cholwill: don't be complacent about Trump

by Jonathan Yarker on Jul 08, 2016 at 09:13

Royal London UK equity income manager Martin Cholwill says 'Brexit' shock has shown markets to be unwary of political risk.

Aberdeen, L&G impose penalties on property funds

by Gavin Lumsden on Jul 07, 2016 at 13:03

Aberdeen and Legal & General tell UK property fund investors they can continue to sell but will get 15-17% less than previously. 

'Open-ended' funds doubted as property suspensions rise

by Gavin Lumsden on Jul 06, 2016 at 17:41

Henderson, Columbia Threadneedle and Canada Life join groups suspending property funds amid debate over whether investment trusts would be better.

SLI suspends trading on £2.7bn UK Real Estate fund

by Gavin Lumsden on Jul 04, 2016 at 16:58

Post-Brexit exodus from commercial property forces Standard Life Investments to suspend trading in its UK Real Estate fund.

Brexit: investors dumped UK and property funds for bonds

by Daniel Grote on Jul 04, 2016 at 16:18

Investors dumped UK and property funds for bonds in the run-up to the EU referendum, and those trends appear to have persisted following the vote.

The UK stocks most – and least – hit by weak pound

by Gavin Lumsden on Jun 29, 2016 at 15:23

Is the post-Brexit hysteria over the FTSE 250 over done? Not all 'mid cap' stocks are domestics vulnerable to a sterling slump.

Hargreaves Lansdown enjoys 557% Brexit trade boom

by Joshua Thurston on Jun 28, 2016 at 17:25

Investors spent 17.5 years worth of normal activity trading funds and shares on the firm's Vantage platform last Friday.

Global companies help Train shoulder ‘Brexit’ pain

by Daniel Grote on Jun 28, 2016 at 10:29

Nick Train says international focus of many of companies in Finsbury Growth & Income investment trust helped cushion blow of market sell-off.

The funds which dived and thrived in 'Brexit' turmoil

by Daniel Grote on Jun 27, 2016 at 17:31

Global stock markets dived on Friday, and so did many funds, but others managed equally remarkable gains.

'Brexit' bad but no Lehmans, say fund managers

by Gavin Lumsden on Jun 24, 2016 at 18:21

Investors grappling with the implications of Britain’s decision to leave the EU say it is not a prelude to another financial crisis.

Lucy Macdonald to run Brunner trust after manager exit

by David Campbell on Jun 23, 2016 at 15:45

Chief investment officer of Allianz Global Investors takes full control of Brunner investment trust after Jeremy Thomas' departure.

Analysts flag buying opportunity in Jupiter European trust

by Daniel Grote on Jun 22, 2016 at 16:00

Analysts say now could be a good time to buy the Jupiter European Opportunities investment trust after a drop in the shares.

Star income manager Adrian Gosden quits Artemis

by Jonathan Yarker on Jun 20, 2016 at 14:55

Manager leaves Artemis after nearly 13 years running the £6.8 billion Income fund alongside Adrian Frost.

'Brexit' risk not that big for investors, says Wright

by Sean Butters on Jun 20, 2016 at 07:00

Fidelity's star UK fund manager Alex Wright urges investors not to worry too much about stock market impact of the EU referendum.

City Merchants deputy joins Causer and Read at top table

by David Campbell on Jun 16, 2016 at 12:00

Rhys Davies, deputy manager of the City Merchants High Yield investment trust, has been promoted to co-manager.

Royal London hires small cap star Henry Lowson

by James Phillipps on Jun 16, 2016 at 10:19

Henry Lowson will join Royal London Asset Management in September, replacing Victoria Stewart on the group's UK Smaller Companies fund.

Are emerging markets 'too attractive to ignore'?

by James Phillipps on Jun 15, 2016 at 11:31

Some fund managers argue investors are wrong to write off emerging markets, but others warn the picture looks bleak.

Investors wary as bond yields tumble in flight to safety

by Chris Sloley, Emily Blewett, Alex Steger on Jun 15, 2016 at 11:05

Yields on 10-year German government bonds have fallen below zero, but some investors warn the 'safe haven' rally could turn quickly.

Terry Smith settles money transfer dispute with Barclays

by Jonathan Yarker on Jun 13, 2016 at 11:38

Star fund manager reaches out-of-court settlement with Barclays, having alleged losses of £220,000 over failure to transfer money into his fund.

Gross warns of $10trn government bond 'supernova'

by David Campbell on Jun 10, 2016 at 10:08

Fears of 'Brexit' and a global slowdown have pushed government bonds to unsustainable highs, warns bond fund manager Bill Gross.

Monks sells Nestlé as investors pray for growth

by Gavin Lumsden on Jun 10, 2016 at 07:00

Nestlé, the expensive consumer goods giant, is out as Monks' managers strive to get Baillie Gifford’s ‘best ideas’ fund on track.

Builders weigh on FTSE as house price fall tipped

by Daniel Grote on Jun 09, 2016 at 10:45

House builders drag down FTSE 100 as RICS survey points to first fall in UK property prices since 2012.

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