Mitons new man making quick changes
Mitons recent new hire David Jane has wasted no time in applying his views to the range of funds he oversees following his move to the firm in June.
Mitons recent new hire David Jane has wasted no time in applying his views to the range of funds he oversees following his move to the firm in June.
|
|
Long-term funds closed off a strong second quarter for Europes fund market, with inflows of 36.12bn throughout June, a month which also saw UK equity income funds achieve record sales.
|
|
As has been much trumpeted by the government and its media advisers, UK economic growth is projected to be the strongest among all developed countries this year.
|
|
Invesco Perpetual has trimmed down its positions in Wells Fargo and PNC significantly as it is concerned over what it sees as limited upside for US banks.
|
|
Managers with a large cap bias have struggled somewhat in the current environment, but investors are getting the best of both worlds from the income sector.
|
|
French equities could benefit from a continued up-tick in M&A activity, according to a study by Baird Group.
|
|
In the six months to end June, Miton Asset Management saw £258m in outflows from its multi-asset funds.
|
|
According to Brewin Dolphin, it remains on track to finalise its new advisory pricing structure by year-end but has seen outflows from the business as a result.
|
|
M&G Investments’ Mike Felton is set to book a substantial -and timely- cash windfall when takeovers of two of his funds big holdings are finalised later this year.
|
|
Fidelity Worldwide Investment is acquiring the City Financial UK Opportunities Fund.
|
|
Despite improved cost control and an increase in assets under management, the groups wealth management division saw earnings fall.
|
|
As Tesco CEO Phil Clarke steps down and is replaced by former Unilever executive Dave Lewis the supermarket sector is more cut-throat than ever, and it is far from clear whether a change at the top will revive the companys fortunes.
|
|