Vanguard’s £9.6bn Lifestrategy range is exposing investors to interest rate risk, as governments and corporates buying up cheap, long-dated debt skew duration in indices that the passives giant tracks.
Invesco has announced it is stepping down as investment manager on the Invesco Perpetual Enhanced Income trust, in a shock move that is being put down to a clash with the board over performance fees.
Schroders has made two appointments to its Global Multi-Sector Fixed Income team, nabbing Alan Wilson from State Street Global Advisors and promoting Robbie Boukhoufane from its fixed income and foreign exchange (FX) trading desk.
Man GLG has placed bond manager Jon Mawby on gardening leave with co-manager Andy Li taking over responsibility for the Corporate and Strategic Bond funds.
Old Mutual chief executive Bruce Hemphill and chief financial officer Ingrid Johnson have resigned from their board positions at the group as details on the final legal process for the managed separation are announced.
Royal London Asset Management’s Martin Cholwill has added to water stocks over Q1 in his £1.9bn UK Equity Income fund stating renationalisation fears are overblown, while he repeats views held by Neil Woodford and Richard Buxton that corporate M&A activity highlights opportunities in UK companies.
Woodford Investment Management has admitted it failed to disclose increases to its Raven Russia holding made over the last year, as it continues to add to the investment company in the wake of US sanctions.
Controversial Venezuelan debt has been excluded from a new JP Morgan fixed income index for emerging market issuers with strong environmental, social, and governance (ESG) practices.
Richard Buxton has echoed the views of Neil Woodford in his outlook for the UK economy pointing to corporate deals as a sign of value and predicting GDP growth will be higher than expected in 2018.
The JP Morgan Emerging Markets Investment Trust has been touted as a stable alternative to Templeton Emerging Markets Investment Trust, where careful succession planning following Mark Mobius’s retirement was thrown into disarray with the sudden departure of his replacement Carlos Hardenberg earlier this year.
Infrastructure delivered some of the worst performers among investment trusts in Q1 on the back of Carillion’s collapse and fears in the UK of a Labour-led government, while Donald Trump is getting the blame for falls in US investment trusts as well as biotechnology portfolios. Portfolio Advisers looks at the 10 investment trusts that fared…
The Blackrock Smaller Companies Trust is ditching performance fees in an effort to stay competitive with rival investment trusts.
