Woodford discount could widen on FTSE 250 exit
The discount on the Woodford Patient Capital investment trust could widen on its likely ouster from the FTSE 250, due to be announced next week.
News
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Terry Smith’s sustainable fund outperforms flagship
Terry Smith’s Fundsmith Sustainable Equity shows early signs of outperforming his flagship fund, which does not adopt environmental, sustainable or governance (ESG) screens.
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SJP dumps Stuart Mitchell after 11 years
St James’s Place has dumped Stuart Mitchell as manager on two European equity funds, as it announces a raft of changes to its sub-advised funds.
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PA Summer Congress 2018: in pictures
Portfolio Adviser’s Summer Congress was a roaring success yet again, held at a beautiful location over three sunny days, bringing together fund managers and fund selectors from across the UK. Click through the gallery for a sneak peak at the event.
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GDPR boost to security software providers
EU data protection law comes into force on Friday May 25 but earnings at tech security companies could benefit throughout the year as non-compliant global companies play catch up.
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European Wealth discovers liabilities at US acquisition target
Guernsey-based European Wealth Group’s $1.7bn acquisition of US broker Newbridge faces a fresh hurdle despite receiving regulatory approval.
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Nine fund selectors on the track record they seek before investing
Three-years’ track record is an important milestone in the asset management industry, but do investors stick to such hard and fast rules when it comes to assessing a fund?
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Vanguard launches short-dated ETF
Vanguard has claimed its latest fixed income product is the first corporate bond ETF with a 1-3 year benchmark.
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Customers of failed DFM paid out
The UK’s pension lifeboat scheme has made its first compensation payments, totalling £5.7m, to customers of the failed discretionary fund manager Strand Capital.
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Blackrock trust offers investors swift exit
Investors in the Blackrock Emerging Europe investment trust will be able to exit at the net asset value, a regulatory filing published on Wednesday said.
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SJP chair steps down
St James’s Place (SJP) has announced its chair and director of the company Sarah Bates is retiring and will be replaced by a senior independent director, as the company implements its updated succession plan.
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Priips creates unique problems for VCTs and EIS
Priips was intended to improve investors’ ability to compare investments, but tax-advantaged products highlight some of the confusion it has created in the process, according to MJ Hudson Allenbridge vice president Rotimi Ososami.
