Nick Train has told Finsbury Growth & Income investors double-digit falls in major holdings over the year to date provides places to deploy cash, which he expects to come in for bids on Fidessa and Dr Pepper.
Climate change has landed oil majors offside with a number of investors representing $10.4trn worth of assets ahead of their annual general meetings (AGMs) over the next couple of weeks.
As the US Federal Reserve leads the developed world on hiking rates, fund managers weigh in on whether the greenback’s strength will continue – upsetting emerging markets along the way – or if structural elements in the US economy provide reasons to be bearish.
Neptune has confirmed it is losing its India fund manager to a start-up emerging markets fund, the same week its hire of a high-profile fixed income veteran indicated its raft of staff exits might be coming to an end.
Legal & General Investment Management has become the latest fund manager to launch a passive fund tracking companies with diverse boards.
Newton Investment Management has launched a rival fund to the limited selection of ethical options in the Sterling Strategic Bond sector.
M&G Investments is planning to transfer £34.2bn worth of non-sterling assets ahead of the UK’s exit from the European Union.
HMRC’s decision to appeal a £15m tax ruling in favour of Hargreaves Lansdown leaves the investment industry in limbo over discount mechanisms on funds.
Brewin Dolphin is one of the few discretionary fund managers to put its head above the parapet and defend its use of the agent as client relationship with advisers, which has recently come under fire.
Nick Train has said he will not be drawn into investing in oil majors despite the bumper returns they have delivered for his investment trust’s FTSE All Share benchmark.
Blackrock UK equity income duo Adam Avigdori and David Goldman have introduced Barclays to their Income and Growth investment trust, taking the total allocation to banks to 9.9%.
Investec Asset Management has said it is seeking to capture outflows from gilts and UK corporate bonds as it launches an Oeic version of its Global Total Return Credit Sicav for UK advisers and wealth managers.
