The Templeton Emerging Markets Investment Trust board has blamed market volatility rather than the sudden exit of its lead manager Carlos Hardenberg for the widening of its discount in February and March.
Scottish Mortgage has signaled confidence in its portfolio of growth companies and tech names by increasing gearing on the £7.7bn investment trust 30%.
Authorised fund managers (AFM) will have to have more than double the number of independent directors on their fund boards as the UK regulator adopts aspects of the US fund governance model.
The Schroders UK Growth trust could experience a widening of the discount if investors using the company’s Isa scheme are forced to sell the investment trust when management transitions to Baillie Gifford.
UK equities could be a beneficiary of Spanish and Italian political turmoil, despite investors playing down existential risk to the European Union from the peripheral economies.
Helena Morrissey has been described as the obvious successor to Mark Zinkula as he announces his retirement from Legal & General Investment Management (LGIM).
Financial Conduct Authority (FCA) changes that allow asset managers to more easily switch investors between share classes could still see a minority of investors refusing to budge.
Hermes Investment Management’s head of fixed income has defended the launch of a product that will underperform if rate hikes exceed expectations, stating geopolitics is set to overtake investors’ concerns when it comes to the asset class.
Neil Woodford’s flagship Equity Income fund has faced a fresh blow as Morningstar reveals it has downgraded the strategy on concerns about capacity.
The chairman of Invesco Perpetual Enhanced Income has said the investment trust is facing a “self-interested onslaught” from Invesco Perpetual and has called for the asset management giant to drop its actions to oust him.
Moneyfarm plans to expand its investment advice offering as the robo-adviser lands a £40m investment in a funding round led by Allianz Asset Management.
The board of Invesco Perpetual Enhanced Income has said it has been vindicated in its spat with the asset manager over fees as it has found alternative options to run the investment trust at a much lower price.
