Blackrock manager Sam Vecht has suffered a further blow as the frontier markets fund he manages with Emily Fletcher is downgraded, less than two weeks after an investment trust he co-manages revealed it is winding up.
A European Court of Justice (ECJ) ruling in favour of Fidelity International over the taxation of dividends has been hailed as significant for the single market for funds.
Schroders has nabbed ex-Tilney boss Peter Hall to head up its wealth management business as Andrew Ross steps aside to focus on building out the asset manager’s family office offering.
Neil Woodford has seen his stake in an unquoted cancer treatment company jump $35.4m in his investment trust as it announces pricing on its initial public offering.
Hargreaves Lansdown is one of four stocks that delivered double-digit returns in three portfolios managed by Nick Train, while co-founder Stephen Lansdown has also benefited from its soaring share price.
Duration and inflation risk are raising questions about whether government bonds can continue to be viewed as safe haven assets in the current market environment.
Blackrock has blamed index tracking products for its large stake in a contractor involved in child detention centres in the US, while Vanguard, along with several active investors, has been silent on its exposure to the political controversy.
Invesco has dropped charging on its US equities sector exchange traded funds (ETFs), including its S&P US Technology Sector Ucits.
The huge salaries awarded in the asset management industry could have a damaging effect on investor returns.
Royal London Asset Management has stated investors should invest in accumulation share classes for retirement income as the desperate search for yield pushes investors unnecessarily up the risk spectrum.
A sub-advised mandate run by Neil Woodford has fallen by almost a fifth over the last year delivering investors worse results than his own in-house fund.
Blackrock has written to investors to announce it is expanding the use of derivatives on its Luxembourg and UK domiciled retail fund ranges.
