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Fund and manager news

All the latest news on funds, ITs and ETFs

Woodford Equity Income hits £10bn

by Dylan Lobo on Mar 20, 2017 at 10:49

Neil Woodford may have pipped arch rival Terry Smith in getting his flagship equity income fund over £10 billion in assets for the first time.

Neptune to report dividend concentration risk on funds

by David Campbell on Mar 20, 2017 at 08:00

Neptune Investment Management to disclose the extent its equity income funds rely on dividends from top 10 biggest stocks.

'Trump gap' led Fed to scale back rate rises, says Jupiter

by Dalvinder Kular on Mar 20, 2017 at 07:00

Jupiter bond veteran Ariel Bezalel says Federal Reserve not worried about US over heating as president unlikely to get policies passed.

JOHCM UK Opportunities' John Wood to retire

by Yoosof Farah, Danielle Levy on Mar 16, 2017 at 07:57

Manager of JO Hambro Capital Management’s flagship UK Opportunities fund announces end of his 26-year investment career.

Miton launches 4% yielding infrastructure fund

by Michelle McGagh on Mar 15, 2017 at 07:52

Investment group best known for its smaller company expertise branches out with new fund investing in infrastructure and utility shares.

Equity income funds lower yield hurdle

by Joshua Thurston on Mar 09, 2017 at 12:24

UK equity income funds told they only have to match the yield on the FTSE All Share as previous 110% yield target is relaxed.

Standard Life and Aberdeen seal £11bn merger

by Gavin Lumsden on Mar 06, 2017 at 09:00

Standard Life and Aberdeen Asset Management unveil terms of ‘merger of equals’ to create UK and Scottish national investment champion.

Sanditon gambles on Just Eat investors' indigestion

by David Campbell on Mar 03, 2017 at 11:44

Sanditon managers Chris Rice and Tim Russell are having a difficult time shorting stocks during the recent stock market rally.

Ruffer warns 'inflation denouement' fast approaching

by Danielle Levy on Mar 02, 2017 at 07:00

Defensive Ruffer fund managers Hamish Baillie, Steve Russell and Duncan MacInnes say investors must prepare for consequences of fiscal stimulus.

Hugh Yarrow: what a relief 'Kraftilever' deal was axed

by Yoosof Farah on Mar 02, 2017 at 06:57

Citywire AAA-rated manager pleased Unilever was saved for income investors but looks forward to group becoming more efficient.

The day Terry Smith’s FEET stumbled

by Michelle McGagh on Mar 01, 2017 at 07:00

Last year took a decisive turn for the worst for Fundsmith Emerging Equities Trust on 8 November and not just because of Donald Trump.

The worst is over for BlackRock World Mining

by Michelle McGagh, Gavin Lumsden on Feb 28, 2017 at 11:13

A cut in the final dividend after a dramatic share price recovery signals a new phase for the UK’s biggest listed mining fund.

Brexit: UK plc never had it so good, says Nimmo

by Michelle McGagh on Feb 27, 2017 at 17:17

Star smaller companies fund manager Harry Nimmo continues to be a post-Brexit bull, impressed by the resilience of companies he invests in.

HICL share offer: 4.9% yield at a smaller premium

by Danielle Levy on Feb 27, 2017 at 07:48

HICL Infrastructure is on the road with its first retail share issue in nearly four years. Experts say it is a good opportunity for income investors.

How Brexit turned Neil Woodford bullish

by Daniel Grote on Feb 24, 2017 at 12:59

Less than a year ago star fund manager believed UK economy was 'awful' and markets 'highly valued'. He's changed his tune.

Jupiter cuts £13m 'box profit' in fund pricing switch

by Dylan Lobo on Feb 24, 2017 at 10:20

Fund manager shares fall as it responds to regulatory pressure for cleaner charges by switching unit trusts from 'dual' to 'single pricing'.

Stewart Investors prepares ScotGems trust launch

by Danielle Levy on Feb 24, 2017 at 07:00

Edinburgh-based Asia and emerging markets manager looks to raise £100 million for new global smaller companies investment trust.

Woodford warms to banks before income fund launch

by Daniel Grote on Feb 23, 2017 at 16:42

Star fund manager and bank bear Neil Woodford says UK lenders 'more investable than they have been for a long time'.

Lindsell Train: Pearson can still be a digital winner

by Danielle Levy on Feb 23, 2017 at 11:53

Fund managers Mike Lindsell and Nick Train look to buy more shares in Pearson after reviewing the position after painful dividend cut.

Polar Capital and the quest for income from healthcare

by James Carthew on Feb 23, 2017 at 07:15

A goal of income growth has held back performance of Polar Capital Global Healthcare Trust. Its successor may take a new approach.

Women trust directors double in five years

by Michelle McGagh on Feb 22, 2017 at 00:01

Gender equality is making a mark on investment trusts yet only one in five directors of closed-end funds are women, according to new study.

Vanguard calls for 'health warnings' on pricey funds

by Joshua Thurston on Feb 21, 2017 at 09:38

Expensive funds should carry warning that high charges can damage investors' financial health, says low-cost funds provider.  

Peter Spiller: the king of capital preservation

by Danielle Levy on Feb 21, 2017 at 00:01

Fund manager Peter Spiller has run defensive Capital Gearing Trust for 35 years, making him the original 'multi-asset' global investor.

Unilever slides as Kraft Heinz abandons $143bn chase

by Danielle Levy on Feb 20, 2017 at 14:56

Hostile response spooks Kraft backers Warren Buffett and Jorge Paulo Lemman into pulling support for bid, sending Unilever shares lower.

Bad BAT tax reform would 'decimate' US importers

by Michelle McGagh on Feb 20, 2017 at 13:41

Trump administration plans for radical ‘border adjustment tax’ (BAT) would be massive policy error for the US, fund managers warn.

UK's biggest fund faces ‘critical year’ as consultants weigh performance

by Selin Bucak, James Phillipps on Feb 20, 2017 at 11:10

The £26 billion Standard Life Investments’ (SLI) Global Absolute Return Strategies (Gars) fund has avoided a key ratings downgrade but questions remain over its size.

Woodford Patient Capital suffers the ‘terrible twos’

by Robert St George on Feb 20, 2017 at 00:01

Woodford Patient Capital Trust has traded below its 2015 launch price for over a year. How patient should shareholders be?

James Henderson: my HOT story will narrow discount

by Selin Bucak, Gavin Lumsden on Feb 17, 2017 at 13:18

Henderson Opportunities Trust manager believes trust's shares will re-rate as investors hear how he is navigating post-Brexit market.

Fund managers have turned bullish on global economy

by Michelle McGagh on Feb 17, 2017 at 11:57

Global investors far more confident about economic prospects than a year ago though three quarters say US stocks too dear.

European Polls: why investors should hold their nerve

by Michelle McGagh on Feb 16, 2017 at 12:23

Elections in the Netherlands, France and Germany could upset markets but not rock Europe's longer-term economic recovery, say fund managers. 

Hargreaves launches monthly UK equity income fund

by Danielle Levy, Gavin Lumsden on Feb 15, 2017 at 16:33

HL Select UK Income fund will pay monthly dividend as it seeks to attract investors hungry for a regular return on their savings.

Olly Russ: Trump could lean on IMF to derail Greek bailout

by Michelle McGagh on Feb 15, 2017 at 15:52

Donald Trump could pressure International Monetary Fund to pull plug on Greece pitching the eurozone into a new crisis.

Investors sneeze at P2P trust’s ‘seasoning’

by Michelle McGagh on Feb 13, 2017 at 13:28

Manager of P2P Global Investments blames maturing loan book for its poor performance last year. Will investors give it another chance?

Nigel Thomas: I don't like look of Tesco-Booker deal

by Michelle McGagh on Feb 13, 2017 at 10:24

AXA Framlington's Nigel Thomas, Booker Group's second biggest investor, doesn't understand logic of wholesaler’s £3.7 billion sale.

Watchdog wrestles with problem of property funds

by Danielle Levy on Feb 10, 2017 at 08:02

Financial Conduct Authority proposes ways to prevent a repeat of property fund suspensions that hit investors after the Brexit vote.

Ruffer trims equity exposure on political uncertainty

by Joshua Thurston on Feb 09, 2017 at 10:07

Ruffer Investment Company has further reduced equity exposure of its defensive global portfolio in response to the uncertainties facing markets.

How to play the 'Brexit premium' in UK bonds

by Danielle Levy on Feb 09, 2017 at 09:44

Investors are being over-compensated for backing UK corporate bonds overshadowed by Brexit talks, says TwentyFour Asset Management.

Widdowson quits Strategic Equity Capital to launch new firm

by Daniel Grote, Dylan Lobo on Feb 07, 2017 at 16:57

Star smaller company manager reunites with HgCapital founder Ian Armitage and wins backing of Chris Mills at Harwood Capital. 

Three trusts to guard against market wobbles

by Matthew Read on Feb 07, 2017 at 12:44

Matthew Read picks out three investment trusts which could offer some protection, or even benefit, should markets fall.

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