Investors continued to flee from UK equities in June, with £1.1bn flowing out of the UK All Companies, UK Equity Income and UK Smaller Companies sectors, according to latest Investment Association (IA) statistics.
Strong sales of index tracker funds propelled Legal & General Investment Management (LGIM) to the top of the net retail sales charts in the second quarter, according to the latest Pridham Report.
IBOSS Asset Management’s range of risk-rated multi-asset Oeic funds, launched in February last year, have passed through £100m in assets under management (AUM).
In the not too distant past, the notion of investing in technology for anything but capital growth would have been scoffed at.
In addition to slashing their underweights in the US to a nine-year low, BofA Merrill Lynch’s latest Fund Manager Survey showed that global fund managers are increasingly regaining their appetite for Japan.
A warm June propelled UK retail sales for the second quarter of the year, with strong clothing sales compensating for a decline in food and fuel sales.
The active funds industry must shrink, cut prices, better-align itself with investors and differentiate if it wants to compete against a passive onslaught, according to a report by Morningstar.
Seneca Investment Managers’ chief investment officer Peter Elston has warned that the next global economic contraction could occur in 2020 and is cutting his equity exposure accordingly.
The degree to which global fund managers are underweight in US equities has fallen to its lowest level since January 2008, according to the BofA Merrill Lynch July fund manager survey.
The Channel Islands stockbroking and investment management company Ravenscoft has announced Stephen Lansdown as chairman and launched two funds for UK retail investors.
Walker Crips has reported a 12% jump in group revenues for the year ended 31 March 2017, while its profits before tax almost doubled compared with the previous year.
UK inflation has fallen month-on-month for the first time since April last year, reducing the likelihood of an August interest rate rise.
