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Fund and manager news

All the latest news on funds, ITs and ETFs

Gervais Williams dives into illiquid microcaps

by Gavin Lumsden on Mar 30, 2015 at 14:53

Veteran smaller company investor launches Miton UK MicroCap trust to capture the growth potential of the UK's smallest stocks.

6 shares the pros are buying and selling.

by David Campbell on Mar 30, 2015 at 05:00

A roundup of trades by professional investors. This time we look at Lakehouse, Netcall, Victrex, VPC Lending Investment, KBC Advanced Technologies and Interserve.

Commodities carnage: will they bounce back?

by Neal Underwood on Mar 27, 2015 at 16:34

After widespread price falls for commodities, some believe they have dropped too far and are set for a rebound.

Schroders’ Marriage looks to IPOs after tough year

by Jonathan Yarker on Mar 27, 2015 at 16:03

Manager Paul Marriage saw his fund halve in size last year as investors fled smaller companies.

Monks shares rise as 'alpha' manager replaces Gerald Smith

by Gavin Lumsden on Mar 27, 2015 at 11:01

Baillie Gifford's Citywire A-rated Charles Plowden gets job of reviving Monks investment trust after a long period of poor performance.

Woodford, Invesco and Ruffer pour millions into Oakley

by Dylan Lobo on Mar 26, 2015 at 16:56

Neil Woodford and other leading fund managers backed a £130 million fund raising by private equity group Oakley Capital. 

ShareSoc backs Elliott in Alliance Trust battle

by Daniel Grote on Mar 24, 2015 at 13:17

Investment trust says it is 'surprised' ShareSoc has taken sides before board has issued circular to shareholders. 

Cheers! Nick Train celebrates bumper dividends

by Daniel Grote on Mar 23, 2015 at 16:17

Finsbury Growth & Income manager celebrates a series of big dividend increases by his stocks, including a 40% hike from Heineken.

Martin Currie's Graham halves stocks in Pacific Trust shake-up

by Jennifer Hill on Mar 23, 2015 at 14:21

Andrew Graham’s shake-up of Martin Currie Pacific, cutting holdings by half and prioritising the most sustainable stocks, could be turning performance around

Is the US bull market past its sell-by date?

on Mar 23, 2015 at 11:16

The US stock market has eclipsed all others since the financial crisis, but is it running out of steam?

FTSE breaks through 7,000! (Duller weather forecast)

by Gavin Lumsden on Mar 20, 2015 at 16:45

The FTSE 100 closed at a new all-time high of 7,022 as markets cheered the apparent delay in a rise in US interest rates. 

Jupiter's Davies: banks are only clear value left in UK

by Daniel Grote on Mar 20, 2015 at 11:40

Citywire AAA-rated manager says UK banks 'look very appealing' and eyes 6p dividend payout from Lloyds.

Raw quits BlackRock World Mining

by Gavin Lumsden on Mar 19, 2015 at 20:04

The board of battered mining trust apologises to shareholders, holds its dividend and announces the departure of co-manager Catherine Raw.

Woodford: OBR's Budget forecast is way too optimistic

by David Campbell on Mar 19, 2015 at 10:16

The Office of Budget Responsibility needs a reality check if it believes its forecast of economic growth and a budget surplus, says fund manager Neil Woodford.

John Bennett: 'I am worried I can't find bargains'

by Daniel Grote on Mar 18, 2015 at 11:07

Citywire AA-rated Henderson manager worried European markets could be entering the 'surge stage' of a rally before investors 'run out of road'.

How to find good bonds in a world of negative yields

by Gavin Lumsden on Mar 17, 2015 at 13:15

Why do some bonds offer 'negative yields' and how do you avoid them? Nick Hayes of AXA Investment Managers explains.

First State Stewart splits in two to protect investment identity

by Dylan Lobo, Gavin Lumsden on Mar 17, 2015 at 10:16

Fund manager, best known for its Asia Pacific and emerging markets funds, divides its Edinburgh and Hong Kong to preserve their investment cultures.   

Why Europe's small companies will reap big benefit from QE

by Daniel Grote on Mar 16, 2015 at 15:57

Francesco Conte thinks the small European companies he invests in will benefit from 'money printing' even more than big blue-chips.

5 shares the pros are buying and selling

by David Campbell on Mar 16, 2015 at 05:00

A roundup of trades by professional investors. This time we look at Nationwide Accident Repair Services, AGA, Hydrogen, Restaurant Group and Best of the Best.

Six 'HOT' biotechs: stocks that Woodford & Henderson share

by Gavin Lumsden on Mar 13, 2015 at 08:00

James Henderson, manager of Henderson Opportunities Trust, and Neil Woodford share an interest in biotechnology and university spin-offs.

Why Rathbones’ Stick is keeping hold of HSBC… for now

by Danielle Levy on Mar 12, 2015 at 14:00

HSBC has dominated the headlines for the wrong reasons recently. Rathbone Income manager Carl Stick is all too aware of this, but willing to continue holding the bank for the time being.

The funds dancing on £1bn bid for Domino Printing

by Dylan Lobo on Mar 12, 2015 at 07:32

Leading funds among investors whose faith in Domino Printing Sciences was rewarded with a £1 billion bid for barcode printer maker.

Tobacco stocks: is it time to kick the habit?

by Selin Bucak on Mar 11, 2015 at 16:11

MPs have voted to ban cigarette branding. With the tobacco sector under mounting pressure, is it now too risky to invest? 

Henderson's John Bennett joins Rangers board

by Jonathan Yarker on Mar 11, 2015 at 08:42

The Citywire AA-rated European fund manager and 'Blue Knight' has been appointed a director of the troubled Scottish football club.  

Invesco small cap trust doubles dividend in income dash

by Gavin Lumsden on Mar 10, 2015 at 12:43

Invesco Perpetual UK Smaller Companies investment trust bows to shareholder pressure with plans to increase dividend income.

Woodford hedges currency but why do so few others?

by Daniel Grote on Mar 09, 2015 at 17:08

Neil Woodford has started to hedge the euro as 'money printing' kicks off in Europe. But few other fund managers do.

Peppa Pig trust backs Zegona to shake up TMT

by Gavin Lumsden on Mar 09, 2015 at 16:52

Top-performing Marwyn Value Investors backs a new start-up aiming to exploit merger mania in telecoms and media.

Why Richard Buxton bought back into Tesco

by David Sandham on Mar 09, 2015 at 13:58

Manager buys Tesco for the first time in nearly five years, enticed by new boss Dave Lewis' turnaround plan for the embattled supermarket.

Platform chief brands funds industry 'out of control'

by William Robins on Mar 06, 2015 at 15:30

High charges and poor performance still dog the retail fund sector, according to the head of investor services company Nucleus.

Alliance Trust bars tobacco and weapons companies

by Gavin Lumsden on Mar 06, 2015 at 14:38

Chief executive Katherine Garrett-Cox says global fund is looking for a new generation of investors with its sustainable investment policy.

Bankers' Crooke wary of Europe rally as QE kicks off

by Daniel Grote on Mar 05, 2015 at 14:05

Bankers manager is angling investment trust towards overseas stocks but cautions over Europe's strong rally so far this year.

India to outstrip Chinese growth in 2016-17, says Donegan

by Luca Rossi on Mar 05, 2015 at 10:54

Citywire A-rated Vanessa Donegan says 'stars are aligned' for India to overtake its big rival in the next few years.

M&G to close Global Real Estate Securities fund

by Jonathan Yarker on Mar 05, 2015 at 07:43

The fund became too small after investors withdrew money following the departure of its previous manager in August.

AAA-rated Seaton: the outstanding Aberdeen opportunity

by Dylan Lobo on Mar 04, 2015 at 10:41

GVO's top performing UK equity fund manager Jamie Seaton explains why he has such high conviction in Aberdeen in his 35-stock fund.

Why I'm sticking to my guns on passive funds

by Mike Deverell on Mar 03, 2015 at 13:04

Falling costs mean many investors aren't paying the premium they once were for active funds. But Mike Deverell still thinks passives are better.

Ex-Caledonia manager takes on Jupiter Global fund

by James Phillipps on Mar 02, 2015 at 16:21

Jupiter Asset Management plans global equities push with appointment of Stephen Mitchell from Caledonia Investments.

Warren Buffett: 'dawdling' over Tesco cost me $444 million

by Daniel Grote on Mar 02, 2015 at 15:26

'An attentive investor would have sold Tesco shares earlier,' says 'Sage of Omaha' in 50th annual letter to shareholders.

FTSE turns red as Tullow tumbles and oil slides

by Daniel Grote on Mar 02, 2015 at 13:04

Tullow Oil shares hit by Ghana and Ivory Coast boundary dispute, while miners give away gains and energy stocks fall further.

Investment trusts for Mario's European recovery

by Gavin Lumsden on Mar 02, 2015 at 11:10

Europe is a strong sector for investment trusts, but which of the dozen available funds do experts like best? 

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