Morningstar to launch ESG fund scores in Q4
Morningstar plans to provide ESG scores for both mutual funds and ETFs by the fourth quarter of the year, it said on Thursday.
Author: Geoff Candy
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Yearsley takes non-exec role at Shore Financial
Ben Yearsley has taken on a non-executive role at IFA firm Shore Financial.
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PA ANALYSIS: Nothing conventional about Chinese currency slump
There has been a lot of conventional wisdom bandied about over the past few days in relation to China’s loosening of the renminbi peg.
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Miners slump, sterling slips on China, UK wage data
FTSE market watchers were hit with a one two punch on Wednesday morning as worse-than-expected UK wage data followed hard on the heels of the news that the renminbi had fallen to a four-year low.
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GAM announces fund mergers, job cuts as part of operational review
GAM has closed 12 funds and plans to decrease its headcount by 15% in the next 18 months as part of an ongoing process to simplify its product shelf.
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M&G retail outflows rise to £3.4bn
M&G recorded £3.4bn in retail net outflows for the first half of 2015, Prudential reported on Tuesday, driven principally by redemptions from its bond funds.
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Woodford Patient Capital Trust 75% invested
The Woodford Patient Capital Trust has deployed more than 75% of the £800m it raised at launch in April and plans to be fully invested by year-end.
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UBS cuts gold targets ahead of September FOMC meeting
UBS has cut its short term price target for gold 13%, citing a particularly challenging macro environment.
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This is not a high conviction market – Walker
Sarasin fund of fund manager Lucy Walker has a lot more funds in her portfolio now than when the Global Strategic Growth fund started three years ago.
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Pictet builds cash holdings
Pictet Asset Management is reducing equity exposure and raising cash holdings as the expected US rate hike approaches.
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Holl named co-manager on BlackRock Gold and General Fund
Tom Holl has been promoted to co-manager on the the BlackRock Gold and General and the BGF World Gold Funds.
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PA ANALYSIS: Sterling strength a wildcard in rate debate
Sterling fell the most in two weeks on Thursday following the news that only one member of the Bank of England’s Monetary Policy Committee had voted to raise rates this month.
