Smaller platforms are struggling to compete with larger counterparts over fund prices because of the latter’s ability to negotiate discounts with asset managers, the Financial Conduct Authority (FCA) has warned.
For Blue Whale Capital’s lead fund manager and chief investment officer Stephen Yiu, the ambition is as large as the namesake mammal.
JP Morgan Cazenove has downgraded Hargreaves Lansdown arguing its high price tag fails to reflect regulatory uncertainties, while Numis Securities has argued the retail platformer is a “structural growth story” with room for further earnings growth.
Rising markets accounted for more than half of the growth in total assets at boutique managers Polar Capital and Liontrust over the last quarter.
Though it is still early days for the digitalisation of the wealth management industry, some commentators have argued that firms which aren’t investing in tech now may as well shut up shop.
Premier Asset Management inched closer to £7bn of total assets under management (AUM) by the end of the third quarter despite seeing an uptick in redemptions.
Jupiter Merlin is launching a version of its Real Return portfolio for UK investors, which has been called “quite punchy” for its hefty equity fund weighting despite having an absolute return bias.
Miton has teased significantly higher inflows over the first half of the year, as the fund group’s recovery continues.
Crispin Odey’s investment firm has generated some of the best returns in the alternative Ucits space, as the sector struggles to cope with higher volatility and a stronger dollar in H1.
Neptune founder Robin Geffen has warned the UK equity income sector’s favourite stocks include several “zombie” companies or firms that are hanging on for dear life that could be in serious financial trouble in a rising interest rate environment.
Investors withdrew more cash from the UK All Companies sector in May than in the month after the Brexit vote, the latest figures from the Investment Association have shown.
Morningstar Investment Management has substantially raised the cash levels in its Real Return multi-asset range as it braces for interest rate normalisation and higher volatility.
