Franklin Templeton appoints emerging market equity CIO
Franklin Templeton has appointed Manraj Sekhon as chief investment officer (CIO) of emerging market equity, effective from 19 February.
News
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Legg Mason appoints chief diversity officer
Legg Mason has appointed Regina Curry as chief diversity officer, as part of its focus to enhance diversity and inclusion initiatives across the firm.
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Managers clash over the prospects for tech
Having led much of the global equity market equity rally in 2017, managers are at odds over the prospects for technology stocks in 2018.
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BlackRock launches fixed-term high yield bond fund
BlackRock has launched a fixed-term high yield bond fund, which primarily invests in US dollar denominated high corporate bonds with five-year maturities.
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Capita shares plummet 40% on firm’s ‘lack of operational discipline’
Shares in Capita plummeted 40% on Wednesday after the tormented outsourcing firm announced a rights issue and that it had suspended its dividend.
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Craving for ETFs boosts European appetite for equity funds
European investors increased their risk appetite in 2017, recording high inflows into pure equity funds compared with outflows in the previous year, helped by a big rush into passive equity funds, according to a Thompson Reuters Lipper report.
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UK to review ‘complex’ inheritance tax
Chancellor Philip Hammond has written to the Office of Tax Simplification (OTS) asking it to carry out a review into inheritance tax (IHT), which he said is “particularly complex” at present.
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Global risk appetite jumps according to State Street
Global investors have begun 2018 in bullish mood, with investors across all regions showing an improved appetite for risk according to the latest State Street Investor Confidence Index.
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The worst performing UK income funds
Kevin Murphy and Nick Kirrage’s Schroder Income fund has seen the largest negative move in Sanlam UK’s biannual Income Study.
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LGT Vestra slices Woodford and Trojan in UK equity cull
LGT Vestra has sliced its holding in major UK equity funds, including Neil Woodford’s flagship equity income fund, across its core managed portfolio service strategies as it moves away from UK equities.
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Incoming Janus Henderson duo to head Schroders UK Alpha fund
Schroders has handed incoming ex-Janus Henderson managers, Nick Kissack and Bill Casey, the reins of the Schroder UK Alpha Plus fund.
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Vix hits five-month high amid overnight sell-off
The Volatility Index (Vix) has risen to its highest level since August, following a frenetic overnight sell-off in the bond and stock markets.
