Woodford cancer treatment holding jumps 51%
Neil Woodford has seen his stake in an unquoted cancer treatment company jump $35.4m in his investment trust as it announces pricing on its initial public offering.
Product News
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Omnis launches UK and Asia strategies
Omnis Investments is extending its UK and Asia offerings as part of a wide-reaching fund development programme.
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Franklin Templeton expands active ETF range
Franklin Templeton is introducing two actively-managed fixed income ETFs in Europe.
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Goldman Sachs offers US Smaller Cap Equity Portfolio
The portfolio is a new sub-fund of the Ucits-qualifying Luxembourg-domiciled Goldman Sachs Funds Sicav.
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Invesco slashes pricing on sector ETFs
Invesco has dropped charging on its US equities sector exchange traded funds (ETFs), including its S&P US Technology Sector Ucits.
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LGIM launches ESG fund for DC investors
Legal & General Investment Management has launched a multi-asset fund targeted at defined contribution (DC) investors seeking an ESG option.
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Woodford sub-advised mandate falls by a fifth
A sub-advised mandate run by Neil Woodford has fallen by almost a fifth over the last year delivering investors worse results than his own in-house fund.
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Blackrock amends derivatives policy on retail funds
Blackrock has written to investors to announce it is expanding the use of derivatives on its Luxembourg and UK domiciled retail fund ranges.
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Russia-heavy Blackrock trust to wind up
Large Russia exposure is being blamed for unexpectedly high shareholder interest in a tender offer in Blackrock Emerging Europe, which is now set to shut up shop.
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Ethical rules in new credit fund create sector biases
A recently-launched RobecoSAM global credit strategy will use top-down views but have an ethical requirement for companies to contribute to the Sustainable Development Goals results in some sector biases.
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UBS partners with Hermes on sustainable portfolio
UBS Global Wealth Management has partnered with Hermes Investment Management to create a Sustainable Development Goal (SDG) fund that will form part of what it claims to be the UK’s first 100% sustainable portfolio.
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Lindsell Train bags £3m fees on bond benchmark
Lindsell Train has defended its use of a government bond benchmark for its eponymous investment trust as it rakes in £2.8m in performance fees.
