Mifid II exposes ‘charging grubbiness’ of top 20 funds
Some of the biggest names in UK retail are charging investors nearly double the ongoing charges figure (OCF) of their funds, Mifid II regulations have brought to light.
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Consistent fund performance proving hard to find
The number of open-ended funds delivering consistent top quartile performance fell below the historic average in 2017, according to the FundWatch survey conducted by BMO Global Asset Management.
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Woodford doubles down on contrarian calls
Although last year brought “tough times” for Neil Woodford, the star fund manager said he will not back down from his contrarian positions but will attempt to provide greater clarity on his views to appease shareholders.
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Jupiter’s Pidcock bulks up liquidity and slashes stocks
Jupiter’s Jason Pidcock has begun 2018 in a more defensive frame of mind and has been bulking up the liquidity of his Asian Income fund in case of a “mini-credit crunch”.
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US equity and iShares dominate European ETF market
US equity exchanged traded funds (ETFs) were the preferred product for European investors looking at the ETF market in 2017, accounting for 15% of the market’s assets under management (AUM), according to Thompson Reuters Lipper research.
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Equity fund sales in US hit record $58bn
US investors have begun 2018 in a very bullish mood, with inflows into equities funds over the last four weeks hitting a new record, according to a report from BofA Merrill Lynch Global Research.
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Revealed: Winners of the PA Wealth Manager Awards 2018
The UK’s top wealth managers were today crowned at the Portfolio Adviser Wealth Manager Awards, held at a gala ceremony in London.
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Miton sees 32% jump in assets
The AIM-quoted Miton Group today announced its assets under management (AUM) rose some 32% over the calendar year, from £2.9bn at the end of 2016 to £3.82bn at 31 December 2017.
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Allianz opens US structured alpha fund to UK investors
Allianz Global Investors has launched a fund which aims to deliver an excess return of 2.5% from the S&P 500 by adopting a passive and active approach to investing in US equities.
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Robo-adviser Scalable Capital to offer financial advice
Scalable Capital, a digital wealth manager, has announced it will be offering clients professional advice through financial advisors, effective immediately.
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Winterflood ousts Train and sticks with Woodford in 2018 picks
Winterflood Investment Trusts (Wins) has made a number of changes to its model portfolio, including dropping Nick Train’s Finsbury Growth & Income Trust and adding the Aurora Investment Trust.
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Brewin Dolphin to slash MPS costs up to 27%
Brewin Dolphin has announced it will be cutting costs across its managed portfolio service by between 17% and 27% through switching to a segregated mandate structure from its current pooled retail funds model.
