UK Platform sector launches new industry body
The UKs twenty-eight largest investment platforms, which collectively represent over 95% of platform assets have agreed to form a new industry body.
The UKs twenty-eight largest investment platforms, which collectively represent over 95% of platform assets have agreed to form a new industry body.
Schroders has announced the beginning of a realignment of responsibilities within its equities team.
There is a fine line between the next great investment idea and a bandwagon that is about to lose an axel. And, the sheer preponderance of funds these days makes it ever harder to differentiate one from the other.
Simon Brazier will take over as portfolio manager of the Investec UK Alpha Fund and offshore GSF UK Equity Fund, when he joins the firm next month, Investec said on Monday.
The results of the European Central Bank-led asset quality review and the bank stress tests that were released on Sunday were well telegraphed and commentators seem, on the whole, pretty positive about the results.
Giles Hargreave topped the rankings in Tilney Bestinvest top 100 list of equity fund managers, while smaller companies managers more generally performed particularly well.
In an effort to further capitalise on the growing demand for smart beta exposure, ETF provider WisdomTree has listed four dividend-weighted ETFs on the London Stock Exchange.
The results of the European bank ‘stress tests’ are due out this weekend, many commentators seem to be expecting good news.
The UKs biggest retailer by sales announced on Thursday that profits before tax for the 26 weeks ending 23 August fell 92% to £112m. The firm also confirmed the size of its profit overstatement at £263m and announced that chairman, Sir Richard Broadbent, would step down.
BlackRock has announced plans to change the name and focus of its Balanced Income Portfolio Fund to a more globally diversified fund with a fixed income instead of an equity focus.
While there does suddenly seem to be a dearth of market optimists, that doesn’t necessarily mean that there are no opportunities
Towrys Andrew Wilson has spent twenty years at the firm refining its investment strategy with the goal of trying to remove the risk from the investment process.