Terry Smith jettisons Johnson & Johnson from £25bn fund
Star manager’s tech holdings like Meta have been brutally punished in 2022 market downturn
Equities
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Schroders joins Fidelity and Abrdn in halting investments in Russian equities
Boss Peter Harrison says Moscow stocks and bonds in ‘the realms of the utterly uninvestable’ following Western sanctions
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Pictet latest to suspend Russia fund
It will be lifted ‘as soon as market conditions allow’
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Special dividends drive global payouts to record £1.1trn
But the big unknown for 2022 is what happens to the mining sector
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BP Rosneft exit causes headache for UK equity income giants
‘The financial side is painful but pales into insignificance given the humanitarian cost’
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Liontrust and JP Morgan AM suspend Russia funds
While Blackrock is ‘monitoring the guidelines issued by regulators’
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Proxy season heats up for ESG proposals
40% of institutional shares voted in favor of ESG proposals last year – a number that is set to grow
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Market reacts to Russian invasion of Ukraine
With comments from Columbia Threadneedle Investments, Interactive Investor, DWS and Neuberger Berman
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Not owning the UK could become a problem
Recent performance marks a notable change in fortunes for the unloved market
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Investors need to return to nuts and bolts
‘As good as Amazon, Google, Apple and Microsoft are, they can’t deliver without companies that make things’
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Oil flirts with $100 per barrel as Russian tensions rise
But it is ‘premature’ to start talking about a European energy crisis
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Quilter Cheviot warns of risks associated with thematic funds
‘It’s hard not to draw the conclusion that investing thematically is a tough job’