Pair of Jupiter funds dropped from Bestinvest buy list
As Finsbury Growth & Income and a Baillie Gifford strategy make the grade
Investment
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Surprise and praise as Terry Smith moves to shutter emerging equities trust
The £319m strategy has delivered 6.2% over five years, versus its benchmark which returned 23.4%
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Link ready to fight as FCA warns would-be buyer likely on the hook to pay £300m in redress
But no word yet on if or how it will be distributed to Woodford investors
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GDP figures proof UK investors need to remain on ‘high alert’
Growth of 0.2% comes with a lot of caveats
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U-turn sees Lindsell Train Investment Trust shop around for an auditor
As shareholders signal some discontent with its directors
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Investment trust IPO hiatus comes to an end with double launch
One company will invest in US farmland while the other targets supported accommodation in the UK
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Hargreaves axes Richard Pease’s Special Situations fund from Wealth Shortlist
£580m fund was also recently named and shamed in Bestinvest’s Spot the Dog report
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Nick Parsons: How real assets can help protect against inflation
Real assets can offer genuine diversification benefits as investors seek to shelter portfolios from the shrinking real value of dividend income streams
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Investment industry leaves Russia out in the cold
‘Do not expect to see any institutional managers taking positions in Russian securities again for a very long time, if ever’
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SDCL Energy Efficiency Income shoots past £100m target in oversubscribed placing
Board has upped the size of the issue to £135m following greater investor demand
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Terry Smith kicks another mainstay holding to the kerb
Follows ejections of Becton Dickinson and Johnson & Johnson
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Bond funds return to favour with £893m of net inflows in July
But UK gilts have sold off sharply in recent weeks over fears energy crisis will drive inflation higher
