Seneca adds underperforming EM fund to growth portfolio
Seneca Investment Managers has added an underperforming global emerging markets (EM) equity fund to its diversified growth portfolio.
Product News
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Saudi Arabia emerging market upgrade creates opportunities
Saudi Arabia’s promotion from frontier to emerging market in FTSE Russell indices is an opportunity for short-term investors to take profits, while longer-term investors can take the announcement as confirmation the market is moving in the right direction.
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Fidelity investment trust index switch coincides with fee changes
Fidelity Japanese Values has become the first investment trust run by the asset manager to adopt its variable management fee model, but has also announced plans to switch to a poorer performing benchmark.
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Thesis jumps on decumulation bandwagon
Thesis Asset Management has become the latest discretionary investment manager to launch a decumulation portfolio, following in the footsteps of Parmenion and Copia, as advisers complain about a lack of products focused on income rather than accumulation.
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Columbia Threadneedle launches global credit fund
Columbia Threadneedle Investments has launched a global absolute return credit strategy to mirror its existing Threadneedle Credit Opportunities Fund.
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Pension fund’s fee demands reassuring for advisers
A policy from the world’s largest pension fund to only work with asset managers that adopt performance-based fees should be reassuring for advisers even if they lack the scale to make same demands, Orbis UK head Dan Brocklebank has argued.
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Jupiter’s Whitmore launches global value fund
Jupiter heavyweight UK value manager Ben Whitmore is branching out and launching a dedicated Ucits global equity mandate.
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Adviser platforms clinging to ‘old world inefficiency’
Most advised platforms are relying on “inefficient” and “old school” processes and are a long way off from a fully digitalised service, a new study by the Lang Cat has shown.
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Heartwood adds lower-risk options to sustainable range
Heartwood Investment Management has added two lower-risk strategies to its sustainable multi-asset range.
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Blackrock Throgmorton expands investment universe
Blackrock Throgmorton shareholders have voted for an expanded investment universe, which includes more Aim-listed companies plus small-cap opportunities in Europe.
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Old Mutual fund on course to become costliest UK tracker
An Old Mutual fund is on course to become the UK’s dearest tracker as Aberdeen Standard Investments hints it will shake up Virgin Money’s costly rival product and Columbia Threadneedle shuts its FTSE All Share index fund.
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Woodford defends fund dumped from income sector
Neil Woodford has defended his UK Equity Income fund’s strategy, saying it remains in the best interests of investors despite being kicked out of the Investment Association’s UK Equity Income sector.