Global equity investors back sustainable newcomers
Global equity category has fallen on hard times with even sector darlings Fundsmith Equity and Lindsell Train Global Equity down on their luck
Author: Kristen McGachey
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Hargreaves axes Richard Pease’s Special Situations fund from Wealth Shortlist
£580m fund was also recently named and shamed in Bestinvest’s Spot the Dog report
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Parmenion swoops on £1.9bn Midlands DFM
Deal forms part of adviser platform’s ‘ambitious growth strategy’
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SDCL Energy Efficiency Income shoots past £100m target in oversubscribed placing
Board has upped the size of the issue to £135m following greater investor demand
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Terry Smith kicks another mainstay holding to the kerb
Follows ejections of Becton Dickinson and Johnson & Johnson
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Bond funds return to favour with £893m of net inflows in July
But UK gilts have sold off sharply in recent weeks over fears energy crisis will drive inflation higher
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Short sellers circle Hargreaves and beleaguered fund groups
D2C platform and Ashmore among top 10 most shorted UK stocks, while Abrdn is not far behind
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One-year old Ruffer fund bags top rating from Square Mile
Ruffer Diversified Return has attracted £1.3bn in assets since launching last September
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Brooks Macdonald names Architas alum global distribution boss
Sarah Ackland was most recently head of Liontrust’s multi-asset business
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Martin Currie reshuffles UK equities desk as Colin Morton retires
Head role to be split between Ben Russon and Richard Bullas
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Sterling remains in the doldrums as Liz Truss becomes next UK prime minister
Incoming PM ‘potentially trapped between the lesser of two evils of inflation on one side and recession on the other’
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UK small-cap stalwart Harry Nimmo to retire from Abrdn
‘End of an era’ as Nimmo departs after 38-year career at the fund group
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