D2C marketing drives down trust discounts
Closed-ended fund share registers increasingly dominated by retail investors
Author: Jessica Tasman-Jones
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Hargreaves raises Brexit fears as founder backs ‘no deal’
Peter Hargreaves pans Brexit negotiations as the investment platform publishes its annual results
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Brown Shipley poaches from Santander as CIO exits
Recently-appointed CEO Alan Mathewson also joined from the Spanish bank
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Mobius plans threaten to lure Temit assets
Mark Mobius has already poached ex-colleagues from Franklin Templeton Investors, now a closed-ended launch could swipe flows from his former employer
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Five views on positioning for a ‘no deal’ Brexit
With reports the government is stockpiling food and medicines, the threat of a ‘no deal’ Brexit is becoming increasingly tangible. Portfolio Adviser examines how investors can position themselves if the UK fails to exit the European Union in an orderly fashion.
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Fundsmith promotes three stalwarts as partners
Terry Smith has stated he remains “firmly in place” at the helm of Fundsmith as the boutique asset manager promotes three stalwarts of the business as partners.
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UK fund industry inflows fall 75%
Sterling Strategic Bond funds led redemptions in June as the UK funds industry sees net sales fall 75% from the same period last year.
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Bank of England votes unanimously for rate hike
The Bank of England Monetary Policy Committee (MPC) has voted unanimously to raise rates to 0.75% at its August meeting.
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Terry Smith investment trust falls 5.3%
The Fundsmith Emerging Equities Trust (Feet) has fallen 5.3% in H1, but defensive stock picks mean the net asset value did not fall as much as the benchmark.
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Janus Henderson drops Formica with $12m golden handshake
Janus Henderson has announced Andrew Formica will receive $12m severance pay as the group decides to ditch the co-chief executive leadership structure a year after the UK and US asset managers merged.
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FCA overestimates platform leverage with fund houses
The Financial Conduct Authority has failed to recognise platforms with whole of market fund offerings lack the negotiating power of their peers who have buy lists or limited fund ranges as it calls on the industry to drive down fund fees on behalf of consumers.
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Franklin Templeton denies ex-Mobius fund faces further turnover
Franklin Templeton Investments has denied its emerging markets investment trust faces further turnover on top of the exit of star fund manager Mark Mobius and his protégé Carlos Hardenberg earlier this year.
