LGT Vestra has sliced its holding in major UK equity funds, including Neil Woodford’s flagship equity income fund, across its core managed portfolio service strategies as it moves away from UK equities.
Schroders has handed incoming ex-Janus Henderson managers, Nick Kissack and Bill Casey, the reins of the Schroder UK Alpha Plus fund.
Mixed Investment 20-60% Shares was the top selling sector on FundsNetwork in December as investors sought diversification and defensive assets, according to Fidelity International figures.
Wealth manager St. James’s Place (SJP) has announced it is making changes to its Balanced Managed unit trust, effective later this year.
Neil Woodford’s flagship Equity Income fund was downgraded in FE’s latest rebalance from five crowns to just one, six months after receiving the debut accolade.
Seven Investment Management (7IM) has significantly increased exposure to active managers across its multi-manager fund range.
JP Morgan Asset Management (JPMAM) has launched three fixed income exchange traded funds – the group’s first bond ETFs in Europe.
Neptune chief executive Robin Geffen is incredibly concerned by the current glut of “complicated” funds that lack portfolio transparency, saying they remind him of the “worst investment” he ever made.
LGIM has launched an indexed global equity unit trust with a climate tilt.
Smith & Williamson has re-shuffled manager duties on its UK Equity Income and Fixed Interest funds following the announcement that respective lead managers Tineke Frikkee and John Anderson are leaving the group.
JP Morgan Asset Management (JPMAM) has launched a multi-asset investment trust to replace its Income & Capital trust which is due to close next month.
Miton Group has extended its multi-asset range by launching the LF Miton Balanced Multi Asset fund.
