Latest Stories
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Reeves launches procurement process for digital gilts
The chancellor met with fintech CEOs at No. 11 to ‘help inform HMT’s commercial strategy’ with issuing tokenised gilts
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Invesco appoints new head of client solutions to ‘simplify global structure’
Georgina Taylor will drive the strategic focus of its multi-asset range, as well as managing 12 funds worth £1.1bn herself
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Confluence: Flexible retail disclosure has positives, but CCI framework comes with ‘dangerous quirk’
Confluence senior product manager Lewis Davison explores some of the nuances around the FCA’s new retail disclosure framework
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Janus Henderson: UK investors up home bias in rotation away from US equities
Investors dropped their US exposure ‘well below the global average’ and retreated to UK equities as global market volatility mounts
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Alpha Growth to delist from LSE after lack of investor interest
Increasing size constraints on small-cap strategies and changes to FCA listing rules have made being public unfeasible
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Gold passes $3,000 for first time – can it keep climbing?
Market uncertainty is pushing gold to new highs, with elevated investor demand ‘likely to persist’
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Franklin Templeton brings Putnam US Large Cap Value Equity strategy to UK market
Franklin Templeton acquired Putnam Investments last year
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FCA bans Crispin Odey from financial services industry
Crispin Odey has been fined £1.8m for a ‘lack of integrity’
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Nikko AM appoints CIO to replace outgoing head
Mark Stoeckle is to take over from Hiroshi Yoh, who will leave after over two year at the firm to ‘pursue his personal ventures’
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Trust Talk: Gravis managing director William MacLeod on the CCI consultation
Gravis managing director William Macleod discusses why he believes investment trusts should not fall under the new regime’s scope
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Harmony Energy Income Trust receives offer from Foresight
HEIT shareholders will receive 84p per share, should the deal complete
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Schroder British Opportunities to ditch public equity investments
A quarter of the trust’s portfolio will be sold to focus on private markets, if the change in mandate is approved by shareholders
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Weekly Outlook: Fed, BoJ and Bank of England central bank decisions
Key events for wealth managers in the week beginning 17 March
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Eldridge launches fixed income active ETF for European investors
Eldridge ETF to be managed by Tarek Barbar
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Data centres and deglobalisation: Inside £420m Utilico Emerging Markets portfolio
Jacqueline Broers discusses the trends shaping the Utilico Emerging Markets portfolio
Analysis
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Macro matters: Is IA Latin America in terminal decline?
The sector could face closure just four years after it was launched as the number of funds dwindles
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25 years on, is this dotcom bust 2.0?
Investors are starting to voice concerns as the magnificent seven’s market dominance shows signs of slowing down
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Will a Ukraine ceasefire boost or burden Europe?
Europe has rallied at the prospect of a ceasefire, but the subsequent costs on Ukraine’s neighbours could prove to be yet another headwind
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Analysis: Are fortunes improving for multi-asset funds?
As interest in the magnificent seven and MPS wobbles, and tax changes are introduced, many believe now is the time for conventional multi-asset funds to shine again
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Has the UK been left behind by the growth wave?
The UK is one of the few major markets to lack any technology presence, but its unique composition offers diversification opportunities
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Troy’s Harries: GLP-1’s impact on drinks stocks
The adoption of GLP-1s has shifted behaviour towards healthier habits and away from alcohol, but Troy’s James Harries questions whether the trend will last
Investments
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Data centres and deglobalisation: Inside £420m Utilico Emerging Markets portfolio
Jacqueline Broers discusses the trends shaping the Utilico Emerging Markets portfolio
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Macro matters: Is IA Latin America in terminal decline?
The sector could face closure just four years after it was launched as the number of funds dwindles
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25 years on, is this dotcom bust 2.0?
Investors are starting to voice concerns as the magnificent seven’s market dominance shows signs of slowing down
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Wellington adds global value fund
Run by contrarian manager Stefan Brugger
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Track to the Future – with Premier Miton’s Jonathan Willcocks
How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months
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Private market revenues could surpass traditional strategies by 2027
But a FCA review found ‘room for improvement’ in private market valuation processes
Funds
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Spot the Dog: Number of underperforming mega funds on the rise
Fifteen funds worth over £1bn each accounted for 59.6% of the assets of all funds that underperformed over the past three years
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The best performing funds of 2024
Funds investing in US tech topped the charts in 2024, but some more specialist portfolios also delivered outsized returns
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Property funds awarded ‘recommended’ ratings by Square Mile in November review
The TR Property Investment Trust and L&G’s Global Real Estate Dividend Index fund were highlighted
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RSMR awards three new ratings to Royal London, Dodge & Cox and L&G funds
The three fixed income funds are first-time entrants
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Are the negative flows from UK equity funds justified?
Outflows of £666m were seen from UK equity funds during the month of September alone, according to Calastone data
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Bestinvest: Liontrust, M&G and BlackRock mandates join Best Funds list for first time
JPM UK Equity Core, Alliance Trust, SPDR MSCI ACWI ETF and Xtrackers S&P 500 Equal Weight ETF also made the grade since March 2024
PA Plus
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Trust Talk with William MacLeod, managing director, commercial, Gravis
With the deadline to respond to the FCA’s CCI consultation approaching on 20 March, Gravis managing director William Macleod discusses how the Cost Disclosure campaign group will respond, and why he believes investment trusts should not fall under the new regime’s scope.
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Trust Talk with Richard Stone, CEO, AIC
In the first episode of this new series, the AIC’s Richard Stone discusses shareholder engagement and whether there are any lessons to be learned from shareholder activism in the investment trust sector.
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Fund in Five: Artemis Corporate Bond Fund
In this new edition of Fund in Five, we talk to Stephen Snowden, head of fixed income at Artemis, and co-fund manager of the Artemis Corporate Bond Fund, to look at the portfolio from five angles and understand why this is a good time to invest in the asset class.
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South West Congress 2024: Interview with AXA IM’s Anna Väänänen
Speaking at South West Congress, Anna Väänänen, head of listed impact equity at AXA Investment Managers, discusses the difference between impact investing in listed and private equity, how impact investing works within listed equities and what the next steps in impact are for the asset class.
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Northern Congress 2024: Interview with First Eagle’s Bill Hench
Speaking at Northern Congress, Bill Hench, head of the small-cap team and portfolio manager at First Eagle Investments, discusses why US small-cap value is a compelling investment opportunity, what he looks for in an attractive stock and why investors should consider the First Eagle US Small Cap Opportunity fund.
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Fund in Five: T. Rowe Price US Smaller Companies Equity Portfolio
In this new edition of Fund in Five, Michele Ward, portfolio specialist, equity division at T. Rowe Price, argues US small-cap stocks are at a “once in generation” valuation level relative to large-caps.
Events
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PA Spring Congress
19 March 2025South Lodge Hotel, Horsham -
PA Live Channel Islands: Being reactive, proactive and avoiding the noise
27 March 2025Radisson Blu Waterfront, Jersey -
PA Live: The evolution of ETFs
3 April 2025Central London -
PA Live Dublin: The future for boutiques
1 May 2025Radisson Royal, Dublin -
PA Summer Congress
14 May 2025South Lodge Hotel, Horsham -
PA LIVE: Alternatives as a diversifier
5 June 2025Pan Pacific London