According to the latest bi-annual S&P Indices Versus Active Funds (SPIVA) Europe Scorecard, active funds investing in the UK produced an average asset-weighted return of 24.2% from mid-2016 to mid-2017, compared with a 17.6% return for the corresponding S&P United Kingdom BMI benchmark.
Active funds investing in UK equities enjoyed strong 12 months, with 80% of sterling denominated funds outperforming benchmark.
Having hit a high of 9% in June, wealth managers cut their weighting in cash to 6.99% in the past three months in the Trustee MPI low-risk mandates.
Janus Henderson has re-jigged its bond team with the hire of Columbia Threadneedle’s Jim Cielinski as global head of fixed income.
Investors continued to shun UK equities in July, instead preferring to invest globally and in corporate bonds, according to the latest Investment Association statistics.
The result of the weekend’s St Leger horse race was the worst result of the season for the bookmarker William Hill, after the favourite 3/1 bet Capri took victory.
Smith & Williamson has strengthened its outsourced investment services team with the hire of Matthew Finch from Barings.
Axa Investment Managers has launched a China short duration bond fund, which aims to give investors exposure to the 56trn renminbi (€7trn) bond market.
Global fund managers upped their emerging markets overweight to a net 47% in September, while increasing their underweight to the US, according to the latest Bank of America (BofA) Merrill Lynch survey.
Global fund managers upped their emerging markets overweight to a net 47% in September, while increasing their underweight to the US, according to the latest Bank of America (BofA) Merrill Lynch survey.
UK retail investors have often been accused of investing too much in the domestic market, and research published today suggests that by doing so they have missed out on significant gains elsewhere.
In an environment in which the UK economy is set to underperform the rest of the world in the medium to long term, Sanlam argues UK investors should once again turn their attention to large caps.
