More investors ditching their providers
A third of investors have ditched their provider over the past 24 months a new study by Compeer has found, and close to half are considering whether they should stay or go.
Product News
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Investors brand Fidelity fee as complex and expensive
Fidelity’s fee overhaul has been hit by accusations that it is unnecessarily complex and will see investors charged over the odds for mediocre fund performance.
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Architas gives Woodford the axe
Architas has pulled Neil Woodford’s equity income fund from its multi-asset and multi-manager range, becoming the third fund group to ditch the mega manager in a matter of months.
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Rathbones’ Thomson: ‘I’ve never been so invested’
The Rathbone Global Opportunities fund is running its lowest ever cash position because lead manager James Thomson is currently finding so many buy ideas in the market.
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Fidelity slams ‘race to bottom’ as details of variable fee revealed
Fidelity’s move to a performance-based fee model has nothing to do with pricing pressures in the industry it has claimed as it revealed details as to how the structure will work in practice.
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Oxford University to raise £250m with first ever bond
Oxford University is to issue its first bond by the end of the year in order to raise £250m, using JP Morgan to arrange investor meetings.
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Monks moves to a premium after strong six months
Holdings in Alibaba, Nvidia and Naspars helped propel the Baillie Gifford managed £1.6bn Monks Investment Trust to almost double the return of its benchmark index for the six months to 31 October, the closed-ended company announced today.
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Quilter Cheviot unveils Aim strategy
Quilter Cheviot has launched a strategy investing in the alternative investment market (Aim), targeted at UK-based high net worth investors.
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Polar Capital scraps second fund in two days
Polar Capital has announced a second fund closure in two days, with the Global Alpha Fund next for the chopping block.
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Seneca adds to infrastructure and lending positions
Seneca Investment Managers has sold out of UK drinks wholesaler Conviviality, having seen a 65% return since it initiated the position in January this year.
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UK equity income funds suffer 18th month of outflows
Morningstar’s UK equity income sector was the biggest loser in terms of fund flows in October, haemorrhaging £405.9m.
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Polar Capital shuts down growth fund
Polar Capital is to shut up shop on its $72.1m Emerging Markets Growth Fund and has suspended all dealing within the strategy with immediate effect.
