Positivity around Europe hits six year high
Sentiment towards European equities has reached a six-year high, according to the Bank of America Merrill Lynch Fund Manager Survey for October.
Funds
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14 new names added to Alliance Trusts platform
Alliance Trust Savings has added 14 fund managers to its investment platform, growing the number of clean share class funds to more than 2,000 ahead of its target.
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Miton fund managers incentives
Miton Group is set to introduce a new share-based incentive plan aimed at attracting and holding on to its top talent.
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brooks launch mps
Brooks Macdonald Fundshas broadened its managed portfolio service (MPS) with the launch of the actively-managed IFSL Strategic Growth fund.
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Majedie income fund people
Majedie Asset Management has shuffled its fund manager line up to allow Chris Reid to focus on the Majedie UK Income fund.
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UK equities lead the charge
UK All Companies fund sales surged in June, boosting the sector from the 35th to the fourth most bought between May and June as investors poured into UK equities.
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Schroder REIT NAV falls
The Schroder Real Estate Investment Trust (SREIT) had an unaudited NAV of £157.8m as of 30 June, a fall of 1.7% compared with its NAV as of 31 March, according to its interim statement.
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Tatton acquires Prism Capital
Prism Capital Management’s four risk-rated funds will move to independent asset management business Tatton following its purchase for an undisclosed sum.
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May fund sales suggest continued risk aversion
European funds attracted a total 40bn in May, although the allocation of the capital is not indicative of investor optimism according to the latest fund data from Morningstar.
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Five funds it pays to hold
Funds from a cross section of sectors have produced consistent top quartile performance over the past five years, with two UK equity funds in the ranks.
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seven red rags for the bull run
Who are the managers set to shine in the next leg of the bull run? Find out what your peers think here
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Europe fund sales supersede US throughout 2012
The European mutual fund industry attracted 212.2bn in 2012, significantly more than the 175.1bn of inflows into US mutual funds despite the relatively smaller size of the two markets.