Ninety One to merge pair of Alastair Mundy’s shrinking funds
UK Total Return has been combined with UK Special Situations after losing over 80% of its assets in 2020
Product News
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Schroders Personal Wealth sees investors yank £200m in 2020
Elsewhere Rathbones boosts FUM to £55bn and Aviva Investors sees operating profits hit
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Square Mile downgrades trio of Richard Woolnough funds
M&G Optimal Income, Corporate Bond and Strategic Corporate Bond funds downgraded to an A rating after consistent underperformance
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Gam to wind down £605m Greensill fund
Greensill Capital was also at the centre of the ARBF scandal involving Gam’s star manager Tim Haywood
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AJ Bell launches responsible MPS range as ESG demand ramps up
Carbon intensity of the responsible balanced portfolio estimated to be 77% lower than its passive equivalent
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One year on: Funds that held up through the Covid sell-off
Six fund buyers highlight their best-performing holdings over the past year
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Man GLG launches second fund for Andrew Swan
Ex-Blackrock vet launched a long-only Asia ex-Japan fund last October
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Fund buyers praise Troy’s succession planning as Francis Brooke hands over fund management reins
Blake Hutchins promoted to lead manager on the Trojan Income fund as Brooke steps aside
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Seneca Global Income & Growth Trust to rebrand following Momentum acquisition
Seneca Investment Managers was acquired by Momentum Global Investment Management in October last year
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M&G Property Portfolio to remain shuttered after cash barely inches higher
But fund’s ACD says it is ‘actively’ considering appropriate date for trading to resume should asset sales go through
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RSMR joins growing list of providers scrapping VAT from MPS
Cut applies to the firm’s 12 RSMR MPS portfolios
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Richard Buxton’s fund and 20 others to see Merian name dropped in Jupiter rebrand
14 funds keeping the Merian moniker in some capacity could lead to confusion