Active equity has good year but suffers longer term
More than half of active UK equity funds outperformed last year, but three quarters underperformed over a 10-year period, according to S&P Dow Jones Indices (SPDJI).
Equities
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FCA: Third of closet trackers have made improvements
The FCA says a third of the 64 funds that came under fire for closet tracking have made improvements in an online update.
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Miton inflows recover from star manager exits
Miton’s latest annual results show sales at the boutique firm recovering in 2017 compared to the previous year, when the departure of star fund manager duo George Godber and Georgina Hamilton led to significant outflows.
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Baillie Gifford: We expect to get some picks wrong on US trust
The Baillie Gifford US equities team expects to get some of its unquoted stock picks wrong for its upcoming trust but argues that only a small number of exceptional growth companies matter.
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Will 2018 be Japan’s time to shine?
Japan has been a hot topic of discussion among investors recently. At the end of last year, the Japanese equity index – the Nikkei 225 – broke through of the 23,000 barrier for the first time in 26 years.
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Hostile bid for GKN splits fund managers
A hostile bid for GKN by Melrose Industries shows signs of splitting fund managers with Jupiter’s head of equities against the takeover, while Aviva Investor’s chief investment officer is in favour.
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Are regional emerging market funds making a comeback?
Emerging market equities is one of the few asset classes where investors are still seeing value, but as the asset class makes a comeback investors have different takes on whether to allocate to regional funds or leave geographical allocation to portfolio managers.
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Brexit and Remain voters show investment biases
Brexit voting regions are more likely to favour UK equities over eurozone equities, while the opposite is true for Remain voting regions, according to the latest investor sentiment survey from Lloyds Private Bank.
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Will investors stick with ‘cash cow’ M&G?
Prudential’s decision to spin-off and float its UK asset management and savings arm was met with widespread approval from investors but how many of them will continue to invest in the life insurer’s “neglected” business when it lists?
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Deutsche Bank eyes €1.8bn on asset management IPO
Deutsche Bank has set a price of €7.2bn on its asset management arm, DWS, as it details the price per share for its partial listing on the subsidiary.
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OMGI outsources Crabb fund to Hong Kong
Old Mutual Global Investors’ decision to outsource management of one its funds to a Hong Kong subsidiary of a Chinese banking giant is a “pragmatic” move that could free up the in-house Asian equities team to focus on their core funds.
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Funds rebadging as ESG reaches new heights
Asset managers are increasingly repurposing underperforming funds into ESG products to jump on the sustainable investing trend, but an announcement this week from Franklin Templeton Investments has taken the process to new heights as it repositions a global equities fund into a thematic climate change product.