The number of trusts primarily investing in equities that have a yield of at least 4% has increased to 21 compared with 13 in September 2017, according to Stifel research. Portfolio Adviser looks at the top-10 highest yielding in the sector.
John Chatfeild-Roberts has said global equity markets peaked in January, before stocks sold off and investors declared the return of volatility.
Schroders has become the first asset manager to come under fire for its gender pay gap in AGM season, as a prominent activist tells others in the industry to prepare to face tough questions.
Emerging markets guru Mark Mobius has nabbed former Franklin Templeton colleagues Carlos Hardenberg, who recently exited as lead portfolio manager on the Templeton Emerging Markets Investment Trust, and Greg Konieczny to help launch his asset management boutique.
Below-consensus UK GDP growth of 0.1% has caught the City off guard and thrown bullish predictions from the likes of Neil Woodford and Richard Buxton into question.
Financial Conduct Authority chief executive Andrew Bailey has listed the growth of decumulation products as a key issue for the regulator as it prepares to launch its retirement outcomes review.
Brooks Macdonald has joined the growing rank of asset managers that have seen total assets contract for the first three months of 2018, but Amundi has just managed to buck the trend, posting assets under management (AUM) growth in Q1.
Professional fund buyers are split on whether volatility represents a threat or an opportunity for portfolios.
Jupiter CEO Maarten Slendebroek reiterated that future flows will be “less predictable” as Jupiter diversifies its business away from the UK market, while addressing the firm’s other issues like its gender pay gap.
Axa Investment Management’s veteran fund manager Nigel Thomas is set to retire in March 2019 after 40 years in asset management and 16 years at the firm.
Top fund manager Richard Pease has spoken out about his recent legal battle with Henderson, saying it was sad to take it to court but entirely necessary to resolve the bitter dispute.
Barclays has reported a group pre-tax loss of £236m for its first quarter following a £1.4bn settlement with the US Department of Justice (DoJ) over the sale of mortgage-backed securities.
