Weekly outlook: Scottish Mortgage final results; UK GDP and Chinese economic data
The key events for UK wealth managers for the week starting 11 May
Investment Trusts
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M&G credit manager exits 18 months after trust launch
Jeremy Richards set to leave fund house after 37 years
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Ex-Woodford trust braces for 8% hit to NAV amid Covid crisis
Woodford Equity Income liquidation and virus create stumbling blocks to gearing reduction and portfolio rebalancing
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Witan declares £70m reserves will spare its dividend from coronavirus clipping
Rachel Beagles joins board as scion of investment trust’s founding family steps back
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Schroders trust makes headway despite Woodford ‘baggage’ and virus crisis
Schroder UK Public Private investment trust managers tap into shares as discount widens to 55%
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Allianz Technology Trust joins FTSE 250 as troubled healthcare stock gets dumped
Investment trusts account for over a quarter of the mid-cap index
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Louis Tambe: How will direct property funds weather the coronavirus storm?
It may take up to a year for the IA UK Direct Property sector to feel the full brunt of Covid-19
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Temple Bar to review management after Alastair Mundy steps back
Ninety One replacement managers likely to offer consistent style but board could choose to ditch value
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Jupiter UK Growth board puts Richard Buxton’s takeover on ice for a month
Jupiter meeting to approve Merian acquisition has been pushed back to 21 May due to coronavirus
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Alastair Mundy takes leave from Ninety One portfolios
Fellow value managers to take over portfolio duties as Mundy takes leave for health reasons
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Michael Lindsell reassures investors Lindsell Train salaries will take a hit
Lindsell Train Investment Trust NAV takes a 7% hit as fund house valuation falls amid Covid-19 fallout
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Ruffer portfolio rises over 4% as defensive positioning pays off
Fund managers add to gold and linkers on expectation of central bank impotence