Investor caution keeps UK Equity Income, Property June’s best-sellers
Investor sentiment continues to lean towards defensive assets as UK Equity Income and Property remain the best-selling sectors, as shown in FundsNetwork study of June sales data.
News
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Chinese index plunge drags global equities lower
The Chinese stock market fall of 8.5% in one session has hit market sentiment on equities around the world.
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Mid-cap bias behind White List reshuffle
The strong performance of small and mid cap stocks helped push those income funds that focus on that side of the market to the top of the Sanlam White List.
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Acquisition No. 30 propels Bellpenny FUM past £3.5bn
Bellpenny’s total funds under management has exceeded £3.5bn with the purchase of Trustee Asset Management.
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Europe: little choice other than equities
With bonds trading at low yields, investors seeking income now have little alternative but to turn to European equities, according to James Sym, fund manager for European equities at Schroders.
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Still betting on equities – Investec’s Stopford
Lower oil prices are starting to drive the global economy and growth-oriented assets such as equities stand to benefit, according to John Stopford, co-head of multi asset at Investec Asset Management.
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Baring bolsters multi-asset team
Baring Asset Management has hired James Ind and Merrick Styles to its multi-asset team.
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Brooks Macdonald FUM climbs 13.1%
Brooks Macdonald’s discretionary funds under management edged closer towards the £7.5bn mark with a 13.1% increase in the year ending 30 June.
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HEAD-TO-HEAD: Old Mutual UK Mid Cap vs Franklin UK Mid Cap
This week’s HEAD-TO-HEAD weighs up the Old Mutual Old Mutual UK Mid Cap and Franklin UK Mid Cap funds.
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Gold and metals funds see $1.1bn outflows
Gold and precious metals funds saw $1.1bn of outflows over the past week, according to Bank of America Merrill Lynch.
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Fidelity Asian Values AMC to drop by up to 15%
Fidelity’s Asian Values is set to undergo changes to its pricing structure that could see the AMC drop by as much as 15%.
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Lloyds shareholders launch court battle over HBOS takeover
Thousands of Lloyds Bank shareholders, including various large investment funds domiciled in the UK, Europe, the US, Canada and Asia, have kick-started a legal battle after it was alleged the bank’s takeover of HBOS was a bad deal for investors.