Woodford-backed activist investment trust Crystal Amber has upped its stake in De La Rue, the UK company currently appealing the government following its failed bid to produce the country’s blue passports following Brexit.
Russian markets tumbled on Monday in response to US sanctions, but investors have described the country’s macroeconomic management as “exemplary” and said the market sell-off is a buying opportunity.
Legal & General Investment Management has said its new index fund focused on global listed infrastructure stocks will offer investors income, inflation protection and diversification.
Blackrock fund managers Sam Vecht and Emily Fletcher are already in the process of introducing emerging market stocks into the Frontiers Investment Trust following an expansion of its investment universe less than a week ago, as they seek opportunities in the “forgotten” countries of both indices, which show reduced correlation with mainstream markets.
Nutmeg investment manager James McManus has said there is plenty of room for fees on core exposure in UK and gilts passives to catch up with US tracker funds, as he outlines the robo-adviser’s investment process from asset allocation to legal T&Cs.
Sterling Strategic Bond funds with large allocations to equities have fallen from top to bottom quartile in the year to date, coinciding with volatility returning to stock markets after a buoyant 2017.
The Financial Conduct Authority (FCA) has said it will consider changing rules and guidance around fee disclosure in a paper examining the results of a behavioural investing experiment conducted with more than 1,000 non-advised investors.
Brexit-related outflows from UK equities and the departure of an experienced co-manager mean the top-quartile Rathbones UK Opportunities fund has failed to stymie redemptions, despite changes to fees and a product rebrand announced more than six months ago.
Baillie Gifford will rebrand its top-quartile Corporate Bond fund as the Strategic Bond fund after the retirement Stephen Rodgers, who departs this month.
Neil Woodford has told investors the UK is set to become the fastest-growing economy in the Organisation for Economic Co-operation and Development (OECD) by the end of 2018 as he notes institutional investors remain underinvested in the country post Brexit.
The inclusion of Chinese bonds in the Bloomberg Barclays Aggregate Index is an incremental step in China opening up its economy that has been welcomed by investors, but their introduction to popular emerging market indices could be more disruptive.
Global equity funds with large allocations to tech could result in a “wider problem” if Monday’s sell off continues with many investors exposed to the sector even if they do not have direct holdings.
