Hermes to launch ESG credit fund
Hermes Investment Management is boosting its fixed income prowess with the launch of an unconstrained ESG credit fund later this year.
Product News
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Miton boss dismisses extending tiered fees to Oeics
Miton chief executive David Barron has dismissed extending tiered fees on investment trusts to the boutique manager’s open-ended range, arguing fixed ad valorem fees are easier to understand.
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Baillie Gifford: We expect to get some picks wrong on US trust
The Baillie Gifford US equities team expects to get some of its unquoted stock picks wrong for its upcoming trust but argues that only a small number of exceptional growth companies matter.
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Lang Cat: 90% of platform assets at risk of disruption
Approximately 90% of the £519bn assets held on adviser platforms are subject to disruption from a major business change, according to the Lang Cat.
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Lyxor eyes Commerzbank ETF business
Lyxor Asset Management parent Societe Generale is reportedly seeking to bulk up its ETF offering as it enters talks to buy Commerzbank’s equities, markets and commodities division.
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Monks adds tier to management fee structure
The Monks Investment Trust has added another tier to its management fee charging structure to pass on economies of scale gained from its growing size back to investors.
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VCT funding hits decade high
VCT funding has reached its highest level in more than a decade with three weeks still to go before the end of the tax year, according to figures from Wealth Club.
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‘Free-riding’ passive investors under central bank scrutiny
Passive investors pay scant regard to the fundamentals of individual securities and free-ride on the work of active investors with implications for financial stability, price discovery and index correlation, according to a paper from the Bank of International Settlements.
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AJ Bell ditches bonds in multi-asset income strategy
AJ Bell has made the “rare” decision to go bonds-free in the latest addition to its managed portfolio service (MPS) range.
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AJ Bell adds four targeted income funds to MPS range
AJ Bell has added four more funds to its managed portfolio service range, citing growing demand for income solutions.
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Blackrock Frontiers calls shareholder vote on investible universe
The board of the £313.3m Blackrock Frontiers Investment Trust has called a general meeting for shareholders to vote on expanding the fund’s investible universe to emerging markets following a spate of country reclassifications in MSCI indices.
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Baillie Gifford floats first trust in 30 years
Baillie Gifford has announced the initial public offering (IPO) of its US Growth trust.
