Platforms are dead, says The Lang Cat boss
Platforms have spurned the gift of the retail distribution review (RDR) and are dead, according to Mark Polson, founder of financial services consultancy The Lang Cat.
Product News
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Woodford flagship fund most sold in January
Neil Woodford’s flagship equity income vehicle topped The Share Centre’s most sold fund list in January, sharing the spotlight with several other big names in the UK retail space.
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First State to shut down global resources capability
First State Investments has announced its intention to shut down its global resources capability, which will lead to the closure of its £455m Global Resources fund, managed by Todd Warren and Tal Lomnitzer.
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Seneca trust cuts Aberdeen in favour of Samarang
Seneca Investment Managers has cut its holding in the Aberdeen Asian Income fund and used the proceeds to add the Samarang Asian Prosperity fund to its Global Income & Growth trust.
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AJ Bell launches active MPS
AJ Bell Investments has launched an active version of its Managed Portfolio Service, with six risk-managed portfolios.
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Franklin Templeton launches EM local currency bond fund
Franklin Templeton Investments has launched a Templeton Emerging Markets (EM) Local Currency Bond fund.
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Nucleus launches capital gains tool
Nucleus has launched a capital gains tool which will be added to its client reporting suite.
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Aurora commits to pharma by upping GSK stake
Phoenix Asset Management has upped exposure to Glaxosmithkline (GSK) in the Aurora Investment Trust because it believes in pharmaceutical companies’ ability to consistently regenerate themselves after setbacks.
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Why new Temit manager is sticking with IT
Chetan Sehgal, lead manager of the Templeton Emerging Markets Investment Trust (Temit), said the portfolio’s core themes of investing in Information Technology (IT) and consumerism will remain during his stewardship, having just taken the reins from the outgoing Carlos Hardenberg.
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Dividends drive Lindsell Train Japan fund’s surprising outperformance
Dividend hikes from Nintendo, Kao and Shiseido helped the Michael Lindsell-run Japanese Equity fund to “surprisingly” outperform the Japanese stock market, according to the fund’s latest monthly update.
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Baillie Gifford to launch US patient capital trust
Baillie Gifford has announced its intention to raise £250m by launching a patient capital trust that will target American companies with long-term growth prospects.
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Chinese conglomerate moves on Guernsey and London fund houses
A Chinese conglomerate with ambitions in the west has acquired a London-based asset manager and its Guernsey-based subsidiary.
