Woodford defends fund dumped from income sector
Neil Woodford has defended his UK Equity Income fund’s strategy, saying it remains in the best interests of investors despite being kicked out of the Investment Association’s UK Equity Income sector.
News
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Pictet launches bond fund to outperform absolute return
Pictet Asset Management has launched an unconstrained fixed income fund targeting up to 8% returns over cash.
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How to navigate the passives surge in EM equities
As cumulative flows into emerging market passive funds surpass active alternatives investors should seek opportunities further down the market-cap scale, Aviva Investors head of emerging markets and Asia Pacific Will Ballard argues.
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Emerging markets a ‘sweet spot’ for fixed income
Emerging market bond funds are the “sweet spot” when it comes to the search for fixed income yield, according to Blackrock.
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Discretionary drives 75% boost on Standard Life platform
Standard Life has reported a 75% increase in assets under administration (AUA) on its adviser platform driven by strong demand for discretionary portfolios.
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Baillie Gifford US trust fundraise short of target
Baillie Gifford has raised £173m for its US Growth Trust, it announced today, falling short of the £250m it set as a target.
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Sterling spikes as wages up by 2.8%
Sterling was up against the dollar this morning as wages grew faster than expected, according to the Office for National Statistics (ONS).
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Brexit will hurt UK returns, say 90% of EU investors
A clear majority of investment professionals in the European Union outside the UK believe investment returns in the UK will suffer because of Brexit, according to CFA Institute research.
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US buyer looking to snap up Hermes
A US asset manager is on the brink of announcing a £400m takeover of Hermes Investment Management.
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Cheapest ETF in Europe launches
Lyxor Asset Management is launching the cheapest ETF in Europe this week, bringing prices in the UK and the Continent in line with US products.
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Virgin tracker with 1% fee dominates Aberdeen Standard deal
Three-quarters of the assets Aberdeen Standard Investments will be managing for Virgin Money sit in the UK’s costliest tracker.
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Hargreaves £15m tax case win over HMRC
Hargreaves Lansdown has won a tax tribunal appeal against HM Revenue & Customs that will see around 150,000 investors receive a £15m rebate.
