Franklin Templeton launches ESG versions of S&P 500 and S&P World
The ETFs will re-weight the original indices based on ESG scores and exclude controversial companies
Author: Tom Aylott
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Liontrust loses £1bn in first week of April
The firm lost more assets by April than it did in the whole of 2024 as holdings slide 12.2% amid US tariff volatility
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Rosemary Banyard leaves fund management
Banyard will remain at Downing as a consultant but no longer manages the Downing Unique Opportunities fund she created
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The US funds that lost the most from Trump’s tariffs
Only three US equity funds avoided losses in the week following, with small and mid-cap strategies being the worst hit
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The defensive US funds that outperformed in market downturns
These four funds delivered top returns despite having the lowest maximum drawdowns, negative periods and volatility
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Square Mile backs sustainable bond funds in new batch of re-ratings
Goldman Sachs Sovereign Green Bond and TwentyFour Sustainable Short Term Bond Income were stamped with a seal of approval
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GAM enters strategic partnership with Swiss Re
Swiss Re will manage GAM’s insurance-linked securities fund range as it attempts to expand its offering in the area
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UK remains least popular market despite mounting disdain for US equities
Investors removed £1.4bn from UK equity funds in February whilst adding £496m to increasingly volatile US funds
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Trump places tariffs on all global trading partners, including 10% on UK
It had the lowest baseline tariff, with US importers being hit with taxes as high as 50% for goods from other nations
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Liontrust poaches distribution head from GAM
Phil Rosenberg will expand Liontrust’s client base in the Middle East and Asia after 14 years at GAM Investments
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Amundi completes combination with Victory Capital
It takes a 26.1% stake in the firm as they agree to distribute each other’s funds in the US and Europe
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Investment trusts: Ain’t no discount wide enough
Discounts stretched ever-further in 2024 despite boards launching the highest levels of share buybacks, mergers and liquidations in the sector’s history