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Fund and manager news

All the latest news on funds, ITs and ETFs

Investors pull another £2.2 billion from equity funds

by Dylan Lobo on Aug 25, 2016 at 17:30

Investors continued to dump stock market funds last month although the overall level of post-‘Brexit’ withdrawals reduced, new figures show.

The Expert View: Berkeley, Moneysupermarket and Interserve

by Michelle McGagh on Aug 23, 2016 at 05:00

A roundup of fund manager commentary on shares and investment trusts, also featuring Establishment and Science Group.

Woodford scraps bonuses in pay overhaul

by Daniel Grote on Aug 22, 2016 at 14:24

Woodford Investment Management scraps staff bonuses, arguing they do little to boost performance, moving staff to fixed salaries.

The Expert View: ITV, St James’s Place and Schroders

by Daniel Grote on Aug 22, 2016 at 05:00

A roundup of fund manager commentary on shares, also including Essentra and Atlantis Resources.

Investment Trust Watch: tiny Aurora's big 'discount'

by Gavin Lumsden on Aug 19, 2016 at 12:28

Is Aurora the cheapest investment trust on the planet? The UK's former worst-performing fund is certainly one of the most interesting.

Funds Focus: Aberdeen UK Property's surprise 'rally'

by Daniel Grote on Aug 17, 2016 at 17:06

Aberdeen was one of the few fund groups to keep its property fund open, and appears to be through the worst.

AAA-rated Martin Cholwill: why I'm bullish on oil majors

by Jonathan Yarker on Aug 17, 2016 at 16:27

BP and Shell offer dividend yields of over 7% but should maintain pay-outs given the five-year forecast for oil prices, says income manager.

Income star stubs out tobacco on 'safe haven' fears

by Daniel Grote on Aug 16, 2016 at 13:30

Artemis Global Income manager Jacob de Tusch-Lec says top performing 'defensive' shares vulnerable to a correction. 

6 UK stocks to play sterling weakness

by Joshua Thurston on Aug 16, 2016 at 07:28

Fallout from 'Brexit' has split FTSE 100 companies into two camps, say Citywire AA-rated Kames managers Douglas Scott and Iain Wells.

The Expert View: Barclays, BAE and ARM

by Daniel Grote on Aug 16, 2016 at 05:00

Our regular roundup of fund manager commentary on shares and investment trusts, also including LMS Capital and Norcros.

Woodford sells BAE as dividend growth underwhelms

by Daniel Grote on Aug 15, 2016 at 13:05

Neil Woodford sells the defence contractor he has held for the bulk of his fund management career, as better opportunities turn his head.

4 stocks the pros are buying and selling

by David Campbell, Selin Bucak on Aug 15, 2016 at 05:00

Our regular roundup of trades by professional investors, featuring Restore, UDG Healthcare, APC Technology and Centaur Media. 

Investment Trust Watch: small cap trusts look 'cheap'

by Daniel Grote on Aug 12, 2016 at 16:29

Diverse Income and River and Mercantile Micro Cap both look 'cheap' in the aftermath of the 'Brexit' vote.

Beagles doubles Brewin Dolphin stake on bid belief

by Jonathan Yarker on Aug 12, 2016 at 11:20

JOHCM UK Equity Income managers Clive Beagles and James Lowen believe wealth manager could be a bid target after 'Brexit' vote.

Former US star Bill Miller leaves Legg Mason

by Alex Steger on Aug 12, 2016 at 10:25

Bill Miller, the US fund manager who famously beat the S&P 500 for 15 years before the financial crisis, is leaving the group where he made his name.

Witan hires Polar Capital's Rogoff for tech insight

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

Technology fund manager Ben Rogoff joins board of Witan as global investment trust grapples with disruptive power of the internet.

The Expert View: Persimmon, AstraZeneca and Informa

by Daniel Grote on Aug 12, 2016 at 05:00

A roundup of fund manager commentary on shares, also including Inchcape and Restaurant Group.

Lindsell forced to cut Nintendo stake after Pokémon frenzy

by Daniel Grote on Aug 11, 2016 at 16:06

Michael Lindsell forced to cut Nintendo position in Japan fund as rocketing shares threatened to breach rules on maximum stakes.

Jackson overhauls flagship Miton fund after 'Brexit'

by Daniel Grote on Aug 11, 2016 at 15:18

Andrew Jackson has stamped his mark on Miton UK Value Opportunities in his first month in charge after a heavy hit from 'Brexit'.

Funds Focus: small companies rally, Fundsmith flies

by Daniel Grote on Aug 11, 2016 at 07:00

Welcome to Funds Focus, our new regular feature examining the movers and shakers in the open-ended funds world.

Aviva warns property lock-in may last eight months

by Sean Butters on Aug 10, 2016 at 13:34

Aviva Investors says trading in its £1.6 billion Property Trust may be suspended until next year as it struggles to raise cash.

'Brexit' blow pushes European Assets yield to 7.4%

by Gavin Lumsden on Aug 09, 2016 at 14:21

European Assets Trust has become one of the highest yielding equity investment trusts following the 'Brexit' hit to its portfolio.

Watchdog fines Cenkos over Quindell failings

by Daniel Grote on Aug 09, 2016 at 10:50

Financial Conduct Authority fines stockbroker £530,500 for failings over its sponsorship of scandal-hit insurance claims processor Quindell.

Scottish Oriental: 'we are in capital preservation mode'

by James Phillipps on Aug 09, 2016 at 07:00

Managers of Scottish Oriental Smaller Companies investment trust are wary of the rally that has lifted Asian stock markets this year.

Don't let passive propaganda spoil your wealth

by James Phillipps, Gavin Lumsden on Aug 08, 2016 at 16:41

Charles Plowden of Baillie Gifford says good fund managers can be found and that promoters of 'tracker' funds have distorted the debate.

Can commercial property become a 'safe haven'?

by Michelle McGagh on Aug 08, 2016 at 11:35

One fund manager believes he has found a way to capitalise on commercial property without the 'Brexit' volatility.

5 shares the pros are buying and selling

by David Campbell, Selin Bucak on Aug 08, 2016 at 05:00

Our regular roundup of trades by professional investors, featuring BBA Aviation, Huntsworth, Origin Enterprises, WH Smith and Judges Scientific.

The managers worst hit by the 'Brexit' funds sell-off

by Michelle McGagh on Aug 05, 2016 at 16:47

Investors pulled a record £3.5 billion from funds in June, and figures from Morningstar show which were worst hit.

Terry Smith's FEET gets leg-up from emerging rally

by Michelle McGagh on Aug 05, 2016 at 10:51

Terry Smith's emerging markets trust has lagged rivals but he believes his stocks will benefit more from economic improvements.

Claverhouse: we should have sold more 'mid caps' before 'Brexit'

by Michelle McGagh on Aug 04, 2016 at 17:32

Heavyweight UK equity income trust cut 'mid cap' positions before the vote, but not by enough, says manager William Meadon.

Woodford: I understand Patient investors' disappointment

by Daniel Grote on Aug 04, 2016 at 11:44

Neil Woodford says he understands some Patient Capital investors will be disappointed with performance, but insists it's still early days.

Interest rate cut won't solve our problems, says Spreadbury

by Michelle McGagh on Aug 03, 2016 at 16:28

Bank of England is expected to cut interest rates tomorrow but the move could just encourage people to save more, says bond fund manager.

The Expert View: RBS, Barclays and BP

by Michelle McGagh on Aug 02, 2016 at 05:00

A roundup of fund manager and analyst commentary on shares, also including Travis Perkins and Reckitt Benckiser.

Troy's Brooke weathers 'Brexit' and tops income buy list

by Dylan Lobo on Aug 01, 2016 at 17:18

Troy Trojan Income fund shoots to top of rankings after manager Francis Brooke successfully weathered the 'Brexit' vote.

M&G cements place on 'dog' list as giant fund enters

by Michelle McGagh on Aug 01, 2016 at 16:42

M&G has seen another heavyweight fund branded a 'dog' in Tilney Bestinvest's Spot the Dog study of underperforming funds.

'Brexit' forces BlackRock income trust to review strategy

by David Campbell on Aug 01, 2016 at 15:46

BlackRock Income Strategies is reviewing its investment approach just 18 months after it was adopted, following the 'Brexit' vote.

Barclays tops FTSE and stays bullish despite 'Brexit'

by Daniel Grote on Jul 29, 2016 at 17:10

Barclays jumps to top of FTSE 100 as bank reassures investors 'Brexit' hasn't derailed plans to reshape business.

Investment Trust Watch: Moore's 'mid cap' malaise

by Daniel Grote on Jul 29, 2016 at 16:07

Shares in Standard Life Equity Income look 'cheap' after 'Brexit' hits manager Thomas Moore's favoured FTSE 250 stocks.

Mundy buys Barclays but warns of 'vicious rerating' for shares

by David Campbell on Jul 29, 2016 at 14:08

Alastair Mundy, manager of the Temple Bar investment trust, has warned 'anti-establishment fervour' could spell trouble for shares.

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