Woodford-backed report says City will be ‘hub of prosperity’ post-Brexit
The City will remain prosperous even after the initial shock of Brexit according to a report commissioned by Woodford Investment Management.
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Sainsbury’s profits fall; Vodafone partners with Woodford favourite
Sainsbury’s interim figures underwhelmed markets on Thursday but CityFibre’s shares were through the roof as it announced a new partnership with Vodafone.
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Blackrock: Rate rise will not cause negative bond returns
An upward trend in interest rates does not automatically equate to negative bond returns, despite the commonly-held market belief that it does, Blackrock has argued.
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Nomura launches European high-yield bond fund
Nomura Asset Management has launched a European High Yield Bond fund targeting a benchmark plus 2% annual return.
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Evenlode unveils first holdings of global income fund
Coinciding with the launch of the global income fund, Evenlode co-founder Ben Peters gives Portfolio Adviser a taster of the large and small “hidden champions” comprising the portfolio.
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Strategic bond sales fuel record monthly flows
Strong inflows into strategic bond funds helped fuel the largest ever month for net flows into UK domiciled funds in September, according to the Investment Association.
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Hope for M&S clothing but weak sterling weighs on food
Analysts and markets were decidedly mixed on Marks and Spencer’s latest set of interim figures, which showed a more encouraging picture for its clothing and home business, while its traditionally stronger food business was hit by weak sterling.
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BNY Mellon launches Ucits version of ‘dynamic’ US equity fund
BNY Mellon has launched a Ucits version of its existing US equity fund, offering an actively managed large cap portfolio for investors in the UK and Europe.
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Hargreave Hale acquisition boosts Canaccord’s assets 76%
Canaccord Genuity Wealth Management’s acquisitions has resulted in a 75.8% rise in assets under management during the second quarter of the 2018 fiscal year compared with the previous year.
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Are European markets set for a downfall?
Investors have questioned whether it’s time to celebrate after a key European index closed at near-record highs in October.
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Donald Trump drags on US ethical investments
US President Donald Trump has been a drag on corporate America and fund managers cleaning up their ESG act, Edentree’s David Osfield has said.
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Blackrock launches AI-driven Chinese fund
Blackrock has launched a China A-Share Opportunities Fund which uses machine learning, big data and artificial intelligence in its investment strategy.
