Investec’s Hutchins backs Woodford’s recent reject BAT
Investec Asset Management’s UK Equity Income manager Blake Hutchins has hailed British American Tobacco, recently ditched by Neil Woodford, as “the best global tobacco business”.
Equities
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Positivity meets uncertainty in a global equities dilemma
Despite positive economic indicators, uncertainty over US interest rates, political risk and high valuations are casting shade on global equities, says Rory McPherson, head of investment strategy at Psigma.
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Neuberger Berman adds China equity team to its arsenal
Neuberger Berman has hired a five-strong team to bolster its China equity offering.
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Growth funds dominate top-performing European equity league
With the summer holiday fast approaching, it’s a good time to reflect. We look at which European equity funds have done best so far this year and why.
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Woodford gobbles up shares in consumer credit firm
Neil Woodford is now the third largest shareholder in home collected credit company Morses Club, at a time when the Financial Conduct Authority has sub-prime loan firms under a microscope.
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Smith & Williamson unveils Artificial Intelligence equity fund
London-based investment boutique Smith & Williamson has launched a new Ucits-compliant global thematic fund which will invest in stocks set to gain from developments in Artificial Intelligence.
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Managers slash US weighting to nine-year low
The degree to which global fund managers are underweight in US equities has fallen to its lowest level since January 2008, according to the BofA Merrill Lynch July fund manager survey.
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Impatient ISA investors target Woodford, Train and Smith funds
Cash ISA investors are ‘taking matters into their own hands’ and putting their money into vehicles from Neil Woodford, Nick Train and Terry Smith, data from Hargreaves Lansdown reveals.
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Is 2017 really the year of the active manager?
Within the fund industry, 2017 has been widely heralded as ‘a year for active managers’. This has been underpinned by a strong belief markets would once again focus on fundamentals, after a number of years when central bank policy and geopolitical concerns were driving asset prices. Portfolio Adviser looks at the performance of active managers…
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Neptune’s Turnbull joins Invesco Perpetual’s EM team
Ex-Neptune China fund manager Douglas Turnbull has landed at Invesco Perpetual’s emerging markets team, following his recent departure from the firm.
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European Wealth slashes UK exposure; continues EM push
Though European Wealth’s Richard Stammers refuses to bet on whether the UK economy will survive Brexit, fear of the unknown has convinced him to cut his UK equity exposure to neutral.
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PA ANALYSIS: Is it the right time to be piling into bonds?
Portfolio advisers have been looking at equity market valuations rather nervously for some time tilting towards less risky assets, taking profits and holding more cash.