The Investment Association’s (IA) decision to divide its Property sector into two separate sectors will end “apple and pear” comparisons, although even within the new UK Direct Property sector there will be plenty of variation.
Two Schroder equity funds managed by Jenny Jones have been downgraded due to high fees.
The board of Ranger Direct Lending has agreed to close up shop and pursue a wind-down strategy but shareholders are still calling for fresh blood on the board at a pivotal moment for the company.
Vitality’s attempt to link fund fees to investor’s participation in healthy activities have been labelled a gimmick by the industry.
Legal & General Investment Management (LGIM) has named several companies it will vote against and divest across its entire range of equity funds for failing to address climate change. Click through the slides to find out who has been targeted.
Blackrock has launched six active equity funds in Europe that will combine “human and machine” management.
Invesco Perpetual fund managers Paul Read and Paul Causer have blamed the behaviour of Enhanced Income chairman Donald Adamson for their resignation from the mandate.
Old Mutual Global Investors has ditched its absolute return fixed income desk as the firm’s management buyout looms, losing five staff and merging two funds due to the changes.
FTSE highs failed to entice investors in April as they continued to pull money from UK equity funds, according to the latest monthly sales figures from the Investment Association.
Tilney has ditched Neil Woodford’s flagship fund from its buy list due to performance and liquidity concerns, echoing sentiment from other platforms that have dropped the UK equities manager.
JP Morgan Asset Management (JPMAM) has nabbed a capital markets specialist from Vanguard Asset Management as it makes six appointments to its international ETFs business.
Omnis Investments has booted Schroders from its largest subadvised fund with Franklin Templeton set to takeover the UK equities mandate next week.
