Terry Smith defends Fundsmith Equity record after fourth year of underperformance
The £22.5bn fund rose by 8.9% in 2024, trailing both the MSCI World Index, up 20.8%, and the IA Global sector average of 12.6%
Investment
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Aegon to apply Sustainability Focus SDR label to two funds
Three of Aegon’s ethical funds will remain unlabelled with sustainable characteristics
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Update: Saba plans full cash exit option for Herald
Herald board responds to Saba’s announced plans to offer a cash exit, should its attempts to appoint its own directors be successful
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30-year gilt yields hit 27-year high
While 10-year gilts reached 2008 levels, causing concern over the state of public finances
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ARC: Inflation leaves private portfolios 12% below 2021 levels
Real returns need to average 6.6% over the next decade to revert to the historical norm of 4% per year, the firm said
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Calastone: Equity funds pull in record £27.2bn inflow in 2024
Enthusiasm for equities did not translate to UK equity funds, which suffered £9.6bn outflows
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Small caps: Size of the matter
When the largest company in the bottom 10% of the small-cap sector has a market capitalisation of £1.7bn, are smaller companies getting too big for their boots?
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Beneath the bonnet: The case for Sanofi, LVMH and IU Group
Three fund managers on stocks that are making a difference
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Small caps: UK bucks the borrowing trend
While government debt is on the rise around the globe, UK households seem to be heading in the opposite direction
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CIOs name trade wars and concentration risk as 2025’s top concerns
ARC market sentiment survey also found inflation to be among CIOs top risks for the coming year
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Chrysalis settles Revolution Beauty claim
Chrysalis sold its position in Revolution Beauty, which it had bought for £45m, for a near 90% loss in 2022
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Hidden gems: Three below-radar funds in the IA Targeted Absolute Returns
Spotlight on the small funds that are flying above market returns but below investors’ radars