Russia-heavy Blackrock trust to wind up
Large Russia exposure is being blamed for unexpectedly high shareholder interest in a tender offer in Blackrock Emerging Europe, which is now set to shut up shop.
Author: Jessica Tasman-Jones
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ECB to end quantitative easing
The European Central Bank has set an end date for quantitative easing, stating purchases will be halved after September before the programme ends in December.
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Five investor takes on the US Fed dot plot
The US Federal Reserve is looking increasingly hawkish as it votes to raise rates to 1.75% to 2%, while its dot plot of Federal Open Market Committee members expectations indicates two more hikes to come in 2018.
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Ethical rules in new credit fund create sector biases
A recently-launched RobecoSAM global credit strategy will use top-down views but have an ethical requirement for companies to contribute to the Sustainable Development Goals results in some sector biases.
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Lindsell Train bags £3m fees on bond benchmark
Lindsell Train has defended its use of a government bond benchmark for its eponymous investment trust as it rakes in £2.8m in performance fees.
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Martin Currie hires ex-OMGI boss
Martin Currie has nabbed former Old Mutual Global Investors boss Julian Ide as its head of distribution and strategy.
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Crux plans office move as staff costs double
Crux Asset Management will move from its Mayfair offices before September as a staff hiring spree sees its wage bill double.
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Invesco blames chairman in investment trust spat
Invesco Perpetual fund managers Paul Read and Paul Causer have blamed the behaviour of Enhanced Income chairman Donald Adamson for their resignation from the mandate.
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FCA irks investors with looser listing rules
The Investment Association has called for major indices to bypass companies in a new premium listing category for sovereign-controlled companies, despite the Financial Conduct Authority (FCA) offering concessions to the industry on the back of accusations it was pandering to Saudi Arabia as it prepared to list its state-owned oil company.
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Baillie Gifford silent on failure to disclose manager exit
Baillie Gifford has refused to comment on why it did not disclose the exit of a named fund manager on its US Growth trust less than a week after launch.
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Investors dump £8bn from UK equities since Brexit vote
FTSE highs failed to entice investors in April as they continued to pull money from UK equity funds, according to the latest monthly sales figures from the Investment Association.
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Green funds struggle to detail environmental credentials
Environmental funds are blaming poor data on holding companies for their inability to report on environmental impact as the industry’s methodology for measuring green credentials throws up mixed results.
