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Fund and manager news

All the latest news on funds, ITs and ETFs

Is there a buying opportunity at Scottish Oriental?

by Gavin Lumsden on Oct 12, 2015 at 16:58

Co-manager of the Asian smaller companies investment trust swoops on its shares as they languish on a big discount.

Recovery stock or falling knife? How to spot a bargain

by Jonathan Yarker on Oct 12, 2015 at 08:00

A scandal engulfing a stock can provide the perfect opportunity to buy or warn of deeper problems. How do fund managers tell the two apart?

Investment Trust Watch: mining & emerging markets turn corner

by Gavin Lumsden on Oct 09, 2015 at 14:52

Have we reached a turning point for emerging markets and mining investment trusts? Shares in these battered funds bounced back this week.

Bill Gross sues Pimco for $200m over dismissal

by Michelle Abrego on Oct 09, 2015 at 09:48

Veteran bond fund manager seeks more than £130 million in damages from his former employer.

Alex Wright: I could sell Lloyds as investors buy in

by Gavin Lumsden on Oct 09, 2015 at 07:00

Top-rated manager of Fidelity Special Values investment trust explains why his three-year investment in Lloyds could be coming to an end.

Managers wary as investors pile into property funds

by Rob Griffin on Oct 08, 2015 at 15:21

UK investors have ploughed £5 billion into property funds over the last 12 months, and some fund managers argue they could be in for a shock.

Finally! Train buys first new stock in four years

by Daniel Grote on Oct 08, 2015 at 14:54

Citywire AAA-rated Nick Train buys Remy Cointreau, his first new stock since 2011 for his UK funds, including Finsbury Growth & Income.

AA-rated Michael Barakos' two rules for investing

by Daniel Grote on Oct 08, 2015 at 11:53

JPMorgan Asset Management's European shares chief follows two rules to help him ignore stock market noise.

Banyard leaves Brough in charge of Schroder Mid Cap

by Gavin Lumsden on Oct 06, 2015 at 16:49

Analysts debate impact on top-performing investment trust fund after Rosemary Banyard announces her departure from Schroders.

Diary of a Dumb Investor: Lloyds shares bonanza

by Dumb Investor on Oct 05, 2015 at 16:58

Even a dumb investor can spot a bargain. And the government's Lloyds shares offer is just that, right?

Why I trust Daimler after the VW emissions scandal

by Gavin Lumsden on Oct 05, 2015 at 07:00

Stephen Macklow-Smith of JPMorgan European believes other car manufacturers must be telling the truth after the Volkswagen emissions scandal

Investment Trust Watch: BlackRock's 'shocking' 10% yield

by Gavin Lumsden on Oct 02, 2015 at 16:25

A dividend cut at BlackRock World Mining looks unavoidable but some investors are buying shares in the battered investment trust.

Investment Trusts: winners and losers in the mayhem

by Daniel Grote on Oct 02, 2015 at 13:15

The Greek debt crisis, China's troubles and the VW scandal made it a tough third quarter, but some investment trusts weathered the storm.

Income star: cheap miners are paying us to wait for recovery

by Chris Sloley on Oct 01, 2015 at 09:00

While miners and the oil majors are on the face of it similarly cheap, top-rated income manager Chris Reid believes there are big differences between the two sectors.

Bond managers: chances of US rate rise this year waning

by Rob Griffin on Oct 01, 2015 at 08:30

After failing to raise US interest rates last month, the Fed has insisted a hike is likely this year, but bond fund managers are not convinced.

What Miton's David Jane looks for in a defensive stock

by Selin Bucak on Oct 01, 2015 at 08:00

Fund manager's ideal stock is a 'tollgate' company: one that provides essential services and can dictate its pricing. But do they really exist?

British Empire manager John Pennink to step down

by James Phillipps on Sep 30, 2015 at 09:10

John Pennink steps down as manager of British Empire Securities and General investment trust after 13 years in charge.

Davies eyes mining rollercoaster and buys Merlin

by Gavin Lumsden on Sep 29, 2015 at 14:13

Steve Davies, top-rated manager of Jupiter UK Growth, discusses opportunities in miners, Merlin Entertainment, Man Utd and Lloyds bank.

Harrison steps back from £3 billion Threadneedle income fund

by Dylan Lobo on Sep 29, 2015 at 09:10

Top-rated manager Leigh Harrison is to hand the reins of one of the UK's biggest equity income funds to co-manager Richard Colwell.  

Glencore shares crash as mining rout reignites

by Daniel Grote on Sep 28, 2015 at 12:46

Glencore shares lose nearly a quarter of their value as analyst warns investors could be left with little if commodity prices stay low.

FTSE veers into red but gold and Lloyds shine

by Daniel Grote on Sep 24, 2015 at 15:39

FTSE 100 dragged into red on fresh mining sell-off, but Lloyds bucks trend on yield hopes and gold jumps as China stocks up.

VW scandal: what does it mean for UK investors?

by Daniel Grote, Jonathan Yarker, Amy Maxwell, Gavin Lumsden on Sep 24, 2015 at 14:28

The Volkswagen scandal is sparking big falls in the shares of car makers across the globe, and UK investors aren't immune. 

Woodford stock Allied Minds hit by hedge fund attack

by Daniel Grote on Sep 23, 2015 at 13:18

Hedge fund Kerrisdale Capital sparks sell-off after branding the company 'a dressed-up collection of high-risk, low reward gambles'.

Nick Train takes stock after August market mayhem

by Daniel Grote on Sep 22, 2015 at 11:52

Nick Train saw his shares in software company Fidessa fall by more than 20% last month but argues that 'tough times can make things happen'.

So when will the Fed raise rates? October, December or 2016?

by James Phillipps on Sep 18, 2015 at 13:51

That was fun. We now get to go through it all again next month and the next, until the Fed eventually bites the bullet.

The three reasons why the Fed didn’t pull the trigger

by Chris Sloley on Sep 18, 2015 at 13:37

Ken Taubes of Pioneer Investments sets out why the central bank chose not to move away from six years of zero interest rates.

Dollar dives as US Fed ducks historic rate rise

by Gavin Lumsden on Sep 18, 2015 at 02:31

Federal Reserve holds interest rates at their six-year low of near zero as it takes stock of the global economy. A rise may come in December.

Fed or Dead: what's at stake in the US interest rate decision?

by Gavin Lumsden on Sep 17, 2015 at 15:01

A guide to what investors are thinking ahead of this evening's pivotal interest rate announcement by the US Federal Reserve.

Lat Am trusts my worst call yet, but I'm not quitting

by James Carthew on Sep 17, 2015 at 08:00

China has grabbed all the headlines recently but the impact of its slowdown on Latin America has been dramatic, says James Carthew. 

Jupiter bags £12.6m fee as Darwall delivers strong performance

by Dylan Lobo on Sep 16, 2015 at 12:12

Alexander Darwall's Jupiter European Opportunities trust has smashed its performance benchmark, generating a big fee for himself and his employer.

Chancellor will drop 'challenger' bank levy, says Hermon

by Gavin Lumsden on Sep 11, 2015 at 16:06

Neil Hermon, manager of top performing Henderson Smaller Companies trust, believes George Osborne will reverse decision to make all banks pay a levy.

Ruffer: debt and inflation are the big threats to investors

by Dylan Lobo on Sep 11, 2015 at 14:21

Managers of the Ruffer Investment Company continue to stand their ground as they look back on a decent year for the investment trust.

Fidelity’s Himsworth buys defence stocks for 'new Cold War'

by Jonathan Yarker on Sep 11, 2015 at 11:24

Leigh Himsworth has bought defence and aerospace stocks for his Fidelity UK Opportunities fund for the first time in seven years.

Neil Woodford bolsters team with six hires

by Jonathan Yarker on Sep 11, 2015 at 09:00

Fund manager hires three analysts and three operations staff for his firm as it continues to grow.

M&G Recovery manager 'humbled' after 'tiresome year'

by Jonathan Yarker on Sep 11, 2015 at 08:30

Manager Tom Dobell has spoken more about the underperformance that has nearly halved his fund to £4.4 billion.

Time to look at cheap energy stocks, says Invesco’s Laing

by Dalvinder Kular on Sep 09, 2015 at 15:29

Head of US equities at Invesco Perpetual explains why energy companies are attractive at a time of low commodity prices.

Fund picker Chatfeild-Roberts steps down as Jupiter CIO

by Dylan Lobo on Sep 08, 2015 at 11:45

John Chatfeild-Roberts gives up the role of chief investment officer to concentrate on the £8bn Jupiter Merlin 'fund of funds' range.

Managers race to raise money with three fund launches

by Dylan Lobo, Jonathan Yarker, Amy Maxwell on Sep 07, 2015 at 16:42

Former Henderson European fund manager Richard Pease goes head to head with Jupiter Asset Management and bond boutique TwentyFour.

'Death bond' investors to receive £56m payout

by Jonathan Yarker on Sep 07, 2015 at 08:00

Shareholders stuck in the troubled EEA Life Settlements fund to get back some of their money after the sale of some assets.

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