Fidelity launches ‘fulcrum’ fee for Special Situations fund
Fidelity International has rolled out its variable management fee share class for five of its flagship Oeics, including the £3.4bn Special Situations fund.
Product News
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Jupiter Dynamic Bond sheds investors from across risk spectrum
Jupiter CEO Maarten Slendebroek has said its Dynamic Bond fund is suffering outflows because Asian investors are more optimistic for junk bonds, while European investors do not find the fund defensive enough.
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Osmosis IM launches sustainable absolute return fund
Osmosis Investment Management has launched an absolute return Ucits fund, designed for investors seeking sustainable alternative opportunities.
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Invesco Perpetual targets advisers with low-cost multi-asset range
Invesco Perpetual has launched a low-cost multi-asset range aimed at advisers following ongoing pressure on fees from cheaper alternatives.
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Schroders falls in line and dumps dual pricing
Schroders has announced it will bring the pricing of a number of its unit trust funds in line with a single pricing structure but it is unclear whether this will be cheaper for investors.
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Last Word launches website for ESG investors
Last Word – the company that owns Portfolio Adviser – has created a website for professional investors interested in ESG and impact investing.
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Hermes defies tough GEM market with fund launch
Hermes Investment Management’s Gary Greenberg is launching his second emerging markets vehicle, which will focus on small to mid-cap companies, at a time when investors are pulling money out of emerging markets.
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Pacific Asset Management partners with UK advice firm
The asset management arm of Pacific Investments Group has entered into a strategic partnership with financial advice business Chartered Financial Management (CFM(UK)).
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RLAM targets advisers with bond fund
Looking to exploit the inefficiencies inherent in credit markets, Royal London Asset Management will launch a monthly income bond fund later this year aimed at advisers and targeting an income of 5%.
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Hedge funders launch robo adviser for Isa investors
Negativity around robo and investment technology a few years ago prompted former hedge fund executives Ian Cadby and Jonathan Wauton to get into the online wealth management space, culminating in the launch of platform Tiller on Monday.
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Blackrock and Schroders frontrunners for Lloyds mandate
Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn for Lloyd’s Banking Group (LBG), after the contract with Standard Life Aberdeen was terminated earlier this year.
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BMO GAM to shed F&C brand
BMO Global Asset Management (GAM) is phasing out the F&C brand attached to all its open-ended funds and European entities, more than four years after the Bank of Montreal (BMO) acquired F&C Asset Management.
