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Fund and manager news

All the latest news on funds, ITs and ETFs

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.

Woodford eyes launch of high income fund

by Jonathan Yarker, Daniel Grote on Jun 08, 2016 at 14:20

Star manager considers launch of new fund offering greater yield than the £8.7 billion Woodford Equity Income.

Newton names Kan as Pidcock's successor on Asian Income

by Jonathan Yarker on Jun 08, 2016 at 10:24

Zoe Kan becomes lead manager on the £2.1 billion Newton Asian Income fund formerly run by Jason Pidcock.

Investor group calls for reform of 'dubious' AIM market

by Charles Walmsley on Jun 07, 2016 at 10:45

Investor group ShareSoc says self regulation by the Alternative Investment Market is not working.

Fidelity’s Roberts: beware falling in love with divi stocks

by Jonathan Yarker on Jun 06, 2016 at 11:23

Citywire AA-rated Daniel Roberts is wary of getting too attached to particular stocks, setting himself an investment limit.

The tracker challenge: investment trusts versus ETFs

on Jun 06, 2016 at 00:01

How do investment trusts fare against low-cost exchange traded funds? We pitted them against each other in 20 sectors to find out.

Brexit: investment trusts braced for referendum risk

by Robert St George on Jun 03, 2016 at 00:01

Fund managers are anxiously scrutinising their portfolios to avoid unforeseen risks from this month's European Union poll.

Oil and Draghi dent FTSE as Cobham tumbles

by Daniel Grote on Jun 02, 2016 at 15:53

Opec inaction hits oil stocks, disappointing ECB forecasts dent FTSE 100 and Cobham dives on rights issue.

Investment Trust Insider: issue 29 out now!

by Gavin Lumsden on Jun 01, 2016 at 00:01

Our free e-zine pits trusts against exchange traded funds, checks their EU referendum defences and rounds up analysts' verdicts.  

Diversity crisis: just 10% of fund managers are women

by Gavin Lumsden, Chris Sloley on May 31, 2016 at 12:00

Investment industry under pressure to eradicate ‘macho’ culture after Citywire reveals just 10% of world’s fund managers are women.

Neil Woodford set to buy Time Out stake

by Dylan Lobo on May 31, 2016 at 10:54

Star manager expected to buy stake as media group prepares to list on Alternative Investment Market, according to Sky.

Brexit the focus for Davies after Jupiter trust revamp

by Jonathan Yarker on May 27, 2016 at 10:56

Star manager Steve Davies has his eye on the EU referendum after overhauling the former Jupiter Global trust to fit a UK mandate.

Woodford stock Hostelworld dives as bookings slump

by Daniel Grote on May 26, 2016 at 16:15

Shares in Neil Woodford-backed hostel group tumble on lower European bookings blamed on 'recent geopolitical events'.

Value stocks at cheapest ever levels, says Europe star

by Dalvinder Kular on May 24, 2016 at 11:03

Citywire AAA-rated James Sym believes beaten-down stocks will return to favour as inflation rises.

Threadneedle UK Property cuts fund price by 5%

by Jonathan Yarker on May 23, 2016 at 09:41

Columbia Threadneedle is latest investment group to re-price flagship commercial property fund in the face of investor withdrawals.

Miton picks Jackson to replace Godber and Hamilton

by Selin Bucak on May 19, 2016 at 09:54

Miton has appointed Andrew Jackson to manage its top-performing UK Value Opportunities fund.

Horvat faces big task to revive M&G Global Basics

by Jonathan Yarker on May 18, 2016 at 08:00

Long-suffering investors will be wary of false dawns, but performance has started to improve under new manager Jamie Horvat.

How Finsbury gave Train the platform for gains

by James Carthew on May 18, 2016 at 07:00

Finsbury Growth & Income is 90 years old, and the investment trust's decision 15 years ago to hand the reins to Nick Train was a key milestone.

Woodford tech holding hit by fraud claim

by Daniel Grote on May 17, 2016 at 14:27

Industrial Heat, a technology company backed by Neil Woodford, hit by $89 million lawsuit from scientist in dispute over claimed invention.

Woodford switches firm structure after stellar growth

by Daniel Grote on May 16, 2016 at 13:33

Neil Woodford's fund management group has applied to switch structure after explosive growth of the business.

Scottish Mortgage could turn to capital to pay dividends

by David Campbell, Gavin Lumsden on May 13, 2016 at 14:30

Leading global growth fund dips into revenue reserves again to pay its dividend and says it may have to use capital gains in future distributions.

Securities Trust seeks strong dividends with new manager

by Gavin Lumsden, Jonathan Yarker on May 12, 2016 at 11:21

Martin Currie moves Mark Whitehead to replace Alan Porter as manager of underperforming global income fund, Securities Trust of Scotland. 

Nigel Thomas: demise of free-to-air TV is nonsense

by Jonathan Yarker on May 12, 2016 at 07:00

Citywire A-rated manager of £3.8 billion AXA Framlington UK Select Opportunities fund expects a TV advertising resurgence.

Who says active managers can't beat the index?

by Gavin Lumsden on May 11, 2016 at 11:46

Richard Peirson, manager of £1 billion AXA Framlington Balanced fund, retires after smashing the stock market return in 23-year career.

Henderson protects property fund from 'Brexit' pain

by Jonathan Yarker, Gavin Lumsden on May 10, 2016 at 17:07

Property slowdown ahead of European Union referendum forces £4 billion 'bricks and mortar' fund to take protective move.

FTSE loses orbit as US jobs data disappoint

by Gavin Lumsden on May 06, 2016 at 16:29

(Update) Worries about this afternoon’s US jobs report unsettled markets. Satellite operator Inmarsat and construction group Interserve slumped.

Terry Smith beats Woodford during fund sales slump

by Joshua Thurston on May 05, 2016 at 16:25

The first quarter of 2016 was the worst for investment sales for 20 years, unless you were star fund managers Terry Smith or Neil Woodford.  

Income star Harrison walks away from investment

by Dylan Lobo on May 05, 2016 at 13:09

Leigh Harrison, a Citywire AAA-rated manager of the £3 billion Threadneedle UK Income fund, calls time on his 32-year career.

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