Bonds and mixed assets funds prove popular in July
Sales of corporate bond funds surpassed those of global equity funds to be the best selling sector in July, while investors also sought solace in the mixed asset sectors, according to FundsNetwork.
Funds
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Neptune to close US fund as another manager resigns
Neptune Investment Management has confirmed plans to close its £0.5m US Mid Cap Fund and that its manager Patrick Close has left the firm.
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Europe’s fund industry facing dispersal as Brexit looms
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.
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UK investors pile into bonds and sell down UK equities
Investors piled into the IA Sterling Strategic Bond sector in May, while UK equity funds experienced a net retail outflow of £479m, according to the latest IA statistics.
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PA ANALYSIS: How the FCA’s revised fee policy affects you
There are no particularly nasty surprises in this week’s FCA fee policy statement though it has confirmed above inflation fee rises with bills due to arrive on doormats later this month.
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Investors scramble for shares as equity fund sales boom
Funds investing mainly in equities saw a buying spree in April as investors ploughed in £2bn into the products, according to the latest industry sales figures.
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Investors filled their boots in March as fund sales hit new record
Fund sales hit a record level in March as investors reached for UK and global equities, the latest statistics from the Investment Association show.
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OMGI launches high-risk portfolio amid funds rebrand
Old Mutual Global Investors will launch a new portfolio this summer after a rebrand of its Spectrum fund range to the ‘Creation Portfolios’.
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November a month of two halves for fund sales
November was a “month of two halves” for Tilney Bestinvest’s clients as pre-election jitters gave way to a bullish mood following Donald Trump’s win.
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Concept of open-ended property funds is absurd – Seneca
Last week’s suspension of several daily-traded, open-ended property funds demonstrates the concept is ‘absurd’, according to Seneca Investment Management.
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Retail sales back in the black according to IA
Retail sales of investment funds bounced back into positive territory in March according to the Investment Association.
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Cautious funds the winners in FE Crown rebalancing
Six funds jumped from one crown to five in the latest FE Research ratings rebalance, while 13 previously unrated funds jumped straight to the highest possible rating.
