time for more innovative funds
2011 was neither a vintage year for markets nor, as weve found out this week, was it one of product expansion with a contraction in the number of available funds for only a second time in the past decade.
Product News
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morningstar names its ten favoured funds
Morningstar UK has announced the winning funds and fund groups of its Fund Awards 2012, with Newton and First State among the familiar firms receiving accolades.
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obsr downgrades fettered fidelity funds
OBSR today announced the downgrading of the Fidelity Moneybuilder Global and Fidelity Wealthbuilder funds, both from AA to A.
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spdr to launch three new etfs in uk
SPDR is to list three new ETFs in the UK tomorrow, two dividend-focused funds and one FTSE All Share fund, each with a TER of 0.30%.
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lipper – fund closures in 2011
Last year saw a contraction in the number of funds for only the second time in the past decade, according to Lipper’s annual European Fund Market Review.
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six yr term for LG fifth capital at risk product
Legal & General has released the fifth in a series of capital-at-risk, kick-out products.
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fidelity unveils global high yield bond
Fidelity is to launch a Global High Yield Fund on 19 March which will tap into the growth of high yield issuance in Europe and Asia as well as the more traditional market of the US.
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schroders launches european total return fund
Schroders is launching a European Total Return Fund for new recruit Nicholette MacDonald-Brown aiming to offer investors access to long-term capital growth in the region with lower targeted volatility.
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jupiter to launch offshore strategic bond
Jupiter Asset Management is to launch an offshore mirror of its high performing Strategic Bond Fund for manager Ariel Bezalel.
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ftse100 based launch from investec
On Monday, Investec will unveil its FTSE 100-backed structured product that matures in February 2018.
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aberdeen re-brands multi-asset
Aberdeen has changed the name of its multi-asset and multi-manager arm to Aberdeen Solutions to “better reflect the component strategies” and to appeal to intermediaries’ increased outsourcing of investment decisions.
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rowan dartington launches new investment process
Rowan Dartington is to launch its new investment process on 27 February.
