Tesco shares jump as supermarket sentiment thaws
Tesco has become the latest major UK supermarket to see a notable share price rise triggered by a strong set of numbers.
Equities
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Staying top quartile – it’s nearly impossible for US equity managers
US equity funds have a hard time in beating their peers on a sustained basis. Only 4.28% of 678 US equity funds analysed by S&P managed to consistently finish in the top-quartile during three consecutive one-year periods from September 2012 to September 2015. So no wonder investors prefer the passive option…
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Shire shares bounce back from deal price fears
Shares in Shire have jumped over 4% on Tuesday, reversing much of the 7% fall seen yesterday triggered by news it had reached a deal to acquire US peer Baxalta.
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R&M relaunches UK Unconstrained fund, led by Rodrigs
River and Mercantile relaunches its UK Equity Unconstrained fund as the UK Dynamic Equity fund, with Philip Rodrigs as lead manager.
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SLI slams Shell’s BG bid as ‘destructive’
Standard Life Investments has said it intends to vote against Royal Dutch Shell’s bid for BG group as it is ‘value destructive’.
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Is China’s ‘new economy’ a light in the dark?
Asset management firms that have bet on China’s consumer and services industry seem to be on the right track as the central government guides an economic transition.
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PA ANALYSIS: Should wealth managers double down on European equities?
As we start 2016 there is at least one thing which is strikingly similar to the same time last year.
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Unit trust division boosts Rathbones as markets weigh on AUM
Rathbone Brothers said total funds under management rose to £29.2bn at the end of December 2015, 7.4% higher than the prior year, helped by a strong showing from its unit trust division.
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China’s second seven percent slump spooks markets
China’s stock market slumped by 7% for the second time this week, sending other indices around the world including the FTSE 100 down sharply as well.
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Equity fund sales soar as investors buy into market weakness
Evidence suggests investors used Q4 dips to buy into markets, with retail equity fund sales rebounding in November, according to the Investment Association.
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Buxton bugged by Brexit
Richard Buxton has said the possibility of ‘Brexit’ is one of three big risks UK equities investors face this year.
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Tim Gordon departs Skagen
Skagen Funds’ head of UK wholesale Tim Gordon, who helped front the Norwegian asset manager’s entry into the UK retail space, has left the firm.