Paul Read and Stuart Edwards of Invesco Perpetual’s fixed income team believe income rather than capital growth will remain a key focus for both UK and global bond investors during 2014‚ but there are fewer opportunities available.
With the FTSE 100 flapping around the 6,500 market, it is clear that markets will need something new to move higher from here. Economic recovery is certainly a tailwind, but has long been factored into valuations. The return of corporate expenditure could be the key.
Investors may benefit from increased returns as the Freehold Income Trust is reclassifed from a Ucis (Unregulated Collective Investment Scheme) to a Property Authorised Investment Fund (Paif), meaning it is no longer subject to capital gains tax.
European high yield bonds have remained popular in the first few months of the year despite yields declining by an average 5% during 2012 and the risk of default rising substantially, research from S&P Capital IQ shows.
DFM London & Capital has hired two business development officers to take charge of its adviser relations in the north and south west of the UK, as it looks to take advantage of a greater number of intermediaries outsourcing their investment management.
Former Insight manager Michael Pinggera has joined UK equity specialist boutique Four Capital Partners to head up a new multi-strategy proposition.
Emerging markets specialist East Capital is rolling out Russia Domestic Growth Fund, a concentrated portfolio of up to 20 stocks which generate at least half of their revenue in Russia.
Wealth manager London & Capital has appointed a new chief investment officer Pau Morilla-Giner, who has been working with former-CIO Ashok Shah during an 18-month transition period.
Funds of hedge funds are a constant source of debate in this office and we are still undecided about exactly how much they are used, and to what extent, in private client portfolios.
Cheyne Capital Management has launched two new funds targeting global credit and opportunities it sees in the European real estate sector.
Discretionary Wells Capital Investment Solutions has acquired Reeves Investment Management arm, increasing its AUM by over £50m to £135m.
Investors’ demand for yield has led London & Capital to launch income options within its managed portfolio range.
