Russia-heavy Blackrock trust to wind up
Large Russia exposure is being blamed for unexpectedly high shareholder interest in a tender offer in Blackrock Emerging Europe, which is now set to shut up shop.
News
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ECB to end quantitative easing
The European Central Bank has set an end date for quantitative easing, stating purchases will be halved after September before the programme ends in December.
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Five investor takes on the US Fed dot plot
The US Federal Reserve is looking increasingly hawkish as it votes to raise rates to 1.75% to 2%, while its dot plot of Federal Open Market Committee members expectations indicates two more hikes to come in 2018.
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Rathbones deal for Speirs & Jeffrey could reach £250m
Rathbones’ deal to acquire Scotland’s second-largest wealth manager Speirs & Jeffrey could rise to £250m.
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Aggressive Fed warned not to overcook it
A hawkish US Federal Reserve has bumped interest rates by 25 basis points and hinted at two more rises by the end of the year, but industry figures believe over-aggressive tightening risks derailing the Trump trade.
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LGIM poaches Standard Life Aberdeen Asia head
Legal & General Investment Management has poached David Hoantee Peng from Standard Life Aberdeen for a newly-created role in its Asia team.
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Ethical rules in new credit fund create sector biases
A recently-launched RobecoSAM global credit strategy will use top-down views but have an ethical requirement for companies to contribute to the Sustainable Development Goals results in some sector biases.
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UBS partners with Hermes on sustainable portfolio
UBS Global Wealth Management has partnered with Hermes Investment Management to create a Sustainable Development Goal (SDG) fund that will form part of what it claims to be the UK’s first 100% sustainable portfolio.
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Good news for investors in defunct Beaufort
Nearly all individual customers of Beaufort Asset Clearing Services are expected to be protected in full for the return of money and assets, the UK’s Financial Services Compensation Scheme (FSCS) has confirmed.
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Summer rate rise less likely on stubborn inflation
Stubborn inflation data and an unexpected decline in wage growth have made a summer rate rise look like an increasingly distant possibility.
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Lindsell Train bags £3m fees on bond benchmark
Lindsell Train has defended its use of a government bond benchmark for its eponymous investment trust as it rakes in £2.8m in performance fees.
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IA Property sector split to end ‘apple and pear’ comparisons
The Investment Association’s (IA) decision to divide its Property sector into two separate sectors will end “apple and pear” comparisons, although even within the new UK Direct Property sector there will be plenty of variation.
