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Fund and manager news

All the latest news on funds, ITs and ETFs

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 Gavin Lumsden, Jonathan Yarker 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.

Findlay Park co-founder steps back from top US fund

by Danielle Levy on May 04, 2016 at 07:20

Charles Park steps down as a fund manager at Findlay Park, where he helped treble investors' money in the US in the past 10 years.

Ex-CIA agents help Jupiter hone interrogation skills

by Dylan Lobo on May 03, 2016 at 09:05

Jupiter Fund Management has drafted former CIA agents to help its staff get better at grilling company bosses.

Scottish Mortgage shuns stock market for start-ups

by Daniel Grote on Apr 29, 2016 at 15:35

Most of the top-performing investment trust's new buys have been unquoted stocks, and more could be on the cards.

Investors shun European trusts amid growth fears

by Jennifer Hill on Apr 28, 2016 at 08:00

Discounts on European investment trusts have widened as worries over the continent weigh on investors.

Brazil's rocketing stock market: time to join the party?

by Jennifer Hill on Apr 28, 2016 at 08:00

As Brazil's stock market races ahead, is it finally time for investors to back the embattled country?

Fidelity star Alex Wright bemused by cheap Lloyds

by Daniel Grote on Apr 27, 2016 at 14:54

Fidelity Special Values manager reckons Lloyds could yield 8% this year but the shares remain cheap.

Fund sales collapse in worst ISA season on record

by Daniel Grote on Apr 26, 2016 at 14:09

Fund sales have collapsed in the worst 'ISA season' on record, as nervous investors took fright at volatile markets.

Lakehouse boss quits as Slater wins boardroom battle

by Daniel Grote on Apr 22, 2016 at 13:15

Embattled social housing company sees boss quit after star fund manager Mark Slater secures changes to the board.

Your 10-chart guide to asset allocation in 2016

by Gavin Lumsden on Apr 21, 2016 at 08:00

This month's Investment Trust Insider underlines the importance of diversifying your savings in order to cope with an uncertain world.

Claverhouse treads carefully ahead of Brexit vote

by Danielle Levy on Apr 20, 2016 at 10:22

William Meadon, manager of the JPMorgan Claverhouse investment trust, says he is 'sailing closer to the shore' ahead of EU referendum.

Terry Smith: my emerging trust should beat my fund

by Daniel Grote on Apr 19, 2016 at 16:46

Citywire AAA-rated manager says he will be dismayed if emerging markets trust doesn't outperform table-topping Fundsmith Equity.

Murray International gets to core of investors' dilemma

by James Carthew on Apr 19, 2016 at 15:10

Underperforming global investment trust illustrates the choice facing investors: run for cover or settle for anaemic growth?

'Frustrated' Carl Stick evicted from UK Equity Income sector

by Joshua Thurston on Apr 19, 2016 at 14:54

The £1.2 billion Rathbone Income fund becomes the latest to be kicked out of the UK Equity Income sector due to controversial yield rules.

UK equity income funds could see yield rules relaxed

by Daniel Grote on Apr 18, 2016 at 11:53

Investment Association consults on rules that have seen funds run by Mark Barnett and Neil Woodford kicked out of UK Equity Income sector.

Investment Trust Watch: Foreign & Colonial fights on

by Daniel Grote on Apr 15, 2016 at 11:45

The UK's oldest investment trust is also one of the most committed to share buy-backs, but is struggling to fight a widening discount.

Ruffer: ‘bipolar’ markets close to ‘tipping point’

by Dylan Lobo on Apr 15, 2016 at 09:19

The Ruffer investment trust had a decent March but the health of financial markets is giving its managers plenty to fret about.

Terry Smith: I'd take a recession over a 'lost decade'

by Daniel Grote on Apr 13, 2016 at 17:53

A rise in interest rates could plunge global economy into recession but star manager tells rivals that's better than a 'lost decade'.

Liontrust gets its paws on European manager Olly Russ

by Dylan Lobo on Apr 11, 2016 at 09:52

Citywire A-rated European income fund manager Olly Russ joins Liontrust as Argonaut Capital, the boutique he co-founded, restructures.

Investment Trust Watch: jumpy Japan looks 'cheap'

by Daniel Grote on Apr 08, 2016 at 12:12

Japanese investment trusts have seen their discounts widen, but brace yourself for a turbulent stock market and currency.

Miton dives as Godber and Hamilton join Polar Capital

by Dylan Lobo on Apr 07, 2016 at 12:45

Investors shaken by exit of George Godber and Georgina Hamilton, managers of Miton UK Value Opportunities, to join Polar Capital.

JOHCM 'soft closes' AA-rated managers’ funds

by Dalvinder Kular on Apr 06, 2016 at 11:14

J O Hambro Capital Management will levy a 5% initial charge on its popular Global Select and Europe Select funds to deter new investors.

FTSE revives and Chemring finds a silver bullet

by Gavin Lumsden on Apr 04, 2016 at 14:42

Battered defence contractor Chemring leaps on Middle East contract as FTSE 100 claws back losses from previous two sessions.

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