UK funds invest $650m in Trump detention camps
St James’s Place (SJP), Neptune and Aviva Investors are among asset managers with $657.7m in three companies connected with US detention camps holding immigrants and their children.
News
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BMO GAM to shed F&C brand
BMO Global Asset Management (GAM) is phasing out the F&C brand attached to all its open-ended funds and European entities, more than four years after the Bank of Montreal (BMO) acquired F&C Asset Management.
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Polar Capital and Liontrust carried by rising markets
Rising markets accounted for more than half of the growth in total assets at boutique managers Polar Capital and Liontrust over the last quarter.
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Government’s NHS boost could hit investment trusts
Investment trusts could be hit if the government reverses UK corporate tax cuts scheduled for 2020 to fund extra spending on the National Health Service (NHS).
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Fidelity Japan touted as cheap alternative to Baillie Gifford
Fidelity Japan Trust has been pushed as a cheap alternative to a Baillie Gifford investment trust as industry veteran Sarah Whitley prepares to retire.
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Nick Train: Value was a 20th-century phenomenon
Nick Train has played down stretched price-to-earnings ratios on companies like Hargreaves Lansdown as he warns digital disruption could mean value investing is consigned to the last century.
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Tensions simmer over definition of impact investing
Impact investing, as a dedicated niche of sustainable investing, is under threat by greenwashing from mainstream asset managers, specialists warn.
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UK Sipp market to grow by £1.9bn a year
The UK self-invested personal pension (Sipp) market is expected to grow by £1.9bn a year to 2020 despite rising customer complaints, according to the latest research by GlobalData.
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European distribution ‘fragmented’ despite Ucits
A Hong Kong asset manager says the European funds distribution market remains fragmented despite Ucits as more Asian firms seek a foothold in the region.
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UK political shake-up sees gold investments jump
The resignation of Brexit secretary David Davis followed swiftly by foreign secretary Boris Johnson saw a 237% jump in people purchasing physical gold on Monday compared with an average day, investment firm The Pure Gold Company has said.
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Services boost GDP as UK pursues goods-centric Brexit
Services have bolstered UK GDP growth less than a week after Prime Minister Theresa May outlines plans to pursue a Brexit trading relationship with the European Union focused on goods.
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Premier assets near £7bn despite higher outflows
Premier Asset Management inched closer to £7bn of total assets under management (AUM) by the end of the third quarter despite seeing an uptick in redemptions.
