Polar Capital scraps second fund in two days
Polar Capital has announced a second fund closure in two days, with the Global Alpha Fund next for the chopping block.
News
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Seneca adds to infrastructure and lending positions
Seneca Investment Managers has sold out of UK drinks wholesaler Conviviality, having seen a 65% return since it initiated the position in January this year.
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UK equity income funds suffer 18th month of outflows
Morningstar’s UK equity income sector was the biggest loser in terms of fund flows in October, haemorrhaging £405.9m.
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Polar Capital shuts down growth fund
Polar Capital is to shut up shop on its $72.1m Emerging Markets Growth Fund and has suspended all dealing within the strategy with immediate effect.
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Invesco Powershares launches factor-based ETFs
Invesco Powershares has launched five factor-based exchange traded funds (ETFs) investing in the European equity market.
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A third of wealth managers anticipate market correction
While UK wealth managers are generally positive about the state of investment markets, a large portion are also battening down the hatches in anticipation of a market downturn a study by Legg Mason Global Asset Management has found.
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Architas appoints investment manager
Former Russell Investments manager Mayank Markanday has joined Architas as an investment manager.
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FE launches responsibly managed portfolio range
FE has launched three model portfolios to cash in on the growing world of sustainable investing, it announced on Monday morning.
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Franklin Templeton’s Morton: Brexit won’t matter in 10 years’ time
Brexit may seem like the be-all-and-end-all but Colin Morton, lead manager of the Franklin UK Equity Income fund, argues that Britain’s large caps are more adaptable than meets the eye.
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Axa Framlington: It’s all about Cyber Monday
Cyber Monday, when consumers take to the web to find bargains, is set to outstrip Black Friday in terms of retail sales, Axa Framlington says.
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Will EIS changes make a difference?
Investors were divided on chancellor Philip Hammond’s changes to the Enterprise Investment Scheme (EIS), with the naysayers criticising it for failing to tackle potential market abuse and others optimistic that it will provide greater incentive to aid fledgling businesses.
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Miton’s shares spike as it teases higher full year profits
Shares in Miton took off Friday morning after it hinted that profits for the full-year are “expected to exceed current market expectations”.
