First State to shut down global resources capability
First State Investments has announced its intention to shut down its global resources capability, which will lead to the closure of its £455m Global Resources fund, managed by Todd Warren and Tal Lomnitzer.
Why new Temit manager is sticking with IT
Chetan Sehgal, lead manager of the Templeton Emerging Markets Investment Trust (Temit), said the portfolio’s core themes of investing in Information Technology (IT) and consumerism will remain during his stewardship, having just taken the reins from the outgoing Carlos Hardenberg.
Dividends drive Lindsell Train Japan fund’s surprising outperformance
Dividend hikes from Nintendo, Kao and Shiseido helped the Michael Lindsell-run Japanese Equity fund to “surprisingly” outperform the Japanese stock market, according to the fund’s latest monthly update.