The six heavy hitters ousted from FE Invest’s preferred funds
Portfolio Adviser examines the six funds that were scrapped from FE Invest’s list of preferred funds, following its latest bi-annual rebalance.
News
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OMGI shifts from value to quality
Stocks of companies that have stronger balance sheets will benefit more from the current market environment than value stocks, argues Justin Wells, global equities strategist at Old Mutual Global Investors.
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Quilter raids industry ahead of multi-asset rebrand
Quilter’s multi-asset business has raided rival asset managers for senior management hires, as it rebrands to Quilter Investors under the Old Mutual managed separation in which the group’s single and multi-asset strategies have been split.
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DFMs to stump up for advisers’ FSCS bills
The UK financial regulator has released major plans to force intermediaries to pay 25% of advisers’ Financial Services Compensation Scheme (FSCS) bills, despite strong opposition.
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Fulcrum launches alternatives fund with ESG input
Fulcrum Asset Management has launched the Diversified Liquid Alternatives fund, which it said will have a significant ESG research input.
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Standard Life Wealth eyes MPS platform migration
Standard Life Wealth (SLW) has launched its managed portfolio service on two third party platforms in a bid to take advantage of the increasingly commoditised IFA space.
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Chase de Vere poaches from Whitechurch for discretionary launch
Chase de Vere has poached Ben Willis from Whitechurch Securities as head of portfolio management as it prepares to launch a discretionary model portfolio service.
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Sanlam launches BPR product to mitigate inheritance tax
Sanlam UK has launched an inheritance tax service that enables clients to mitigate liabilities and generate long-term growth by investing in smaller companies on the Alternative Investment Market.
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Woodford ditched for Evenlode in FE funds rebalance
Fund rating house FE has booted Woodford Income Focus from its preferred funds list and introduced rival Evenlode Income in its latest rebalance.
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Sainsbury’s shares soar after ‘game changer’ Asda merger
Sainsbury’s shares took off on Monday as it confirmed it had agreed to a takeover deal with Asda to potentially form the UK’s largest supermarket chain.
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Mind the performance gap between Oeics and investment trusts
AIC communications director Annabel Brodie-Smith questions why investment trusts fail to keep pace with open-ended alternatives when it comes to wealth manager and adviser inflows.
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Markets hit Quilter assets in Q1 despite inflows
Quilter, formerly Old Mutual Wealth, said its assets under management and administration had fallen in the first quarter of 2018 despite net inflows increasing 14% compared to the same period last year.
