First State Investments has announced its intention to shut down its global resources capability, which will lead to the closure of its £455m Global Resources fund, managed by Todd Warren and Tal Lomnitzer.
The number of investment trusts paying a dividend on a quarterly basis has risen to 50%, according to new research from the Association of Investment Companies (AIC).
Recent statistics from Eurostat showed that the European Union economy expanded at its fastest rate for 10 years in 2017, registering a 2.5% increase on the year before.
AJ Bell Investments has launched an active version of its Managed Portfolio Service, with six risk-managed portfolios.
What a difference a couple of weeks can make in the investment trust world. At the start of February, the River & Mercantile UK Micro Cap trust was trading a 16.2% premium to net asset value (NAV), following a strong run of performance, but that was soon to change.
Chetan Sehgal, lead manager of the Templeton Emerging Markets Investment Trust (Temit), said the portfolio’s core themes of investing in Information Technology (IT) and consumerism will remain during his stewardship, having just taken the reins from the outgoing Carlos Hardenberg.
Global fund managers slashed exposure to equities in February and put more into cash, according to the latest BofA Merrill Lynch Fund Manager Survey.
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have appointed a chair of the Financial Services Compensation Scheme (FSCS), with Marshall Bailey replacing Lawrence Churchill.
Fidelity has hired Amundi Asset Management’s head of equities Romain Boscher to be its new global chief investment officer, equities.
AJ Bell has added a sixth portfolio to its managed portfolio service, this time investing in global growth equities.
The eyes of the world fell on South Korea on Friday, as the opening ceremony of the 2018 Winter Olympic Games took place in Pyeongchang.
February 16 marks the Chinese New Year, with 2018 welcoming the Year of the Dog. However, while the dog is associated with honesty, faithfulness, and a strong sense of responsibility in the Chinese zodiac, investors will be hoping for a repeat of 2017 – the Year of the Rooster – which saw the MSCI China…
