Fidelity hires head of investment trusts
Fidelity International has appointed a head of investment trusts following the retirement of Nicky McCabe.
News
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AJ Bell appoints chief investment officer
AJ Bell has appointed Kevin Doran as chief investment officer (CIO) and managing director.
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Big tech propels Scottish Mortgage outperformance
Strong rises in the share prices of Alibaba, Tencent and Baidu in the last six months have boosted the performance of the £6.3bn Scottish Mortgage Investment Trust, according to its latest results.
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Trump nominates Powell as Fed chair
Jerome ‘Jay’ Powell will replace Janet Yellen as chair of the Federal Reserve.
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Aberdeen Standard unveils short duration credit fund
Aberdeen Standard Investments has launched a global short duration corporate bond fund to counter the effect of rising interest rates on fixed income portfolios.
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Fidelity Special Values enjoys bumper five years under Alex Wright
Five years since taking over as manager of the Fidelity Special Values investment trust, manager Alex Wright has managed to almost double the benchmark return in net asset value terms.
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Embark floats possible IPO
Embark has floated the idea of pursuing an initial public offering (IPO).
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Interest rates rise for first time in decade
The Bank of England has increased interest rates for the first time in a decade, reversing the 0.25% emergency cut implemented in the aftermath of last year’s Brexit referendum.
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Vanguard launches pair of fixed income funds
Vanguard has launched two global UCITS corporate bond funds.
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BT’s pension plagues profits; Shell rides oil recovery
BT’s bottom line continued to be impacted by rising pension costs during the first half of the year, as Shell’s figures were boosted by higher crude oil prices.
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Kames’ Snowden: Why you should not wait for market dip
Big macro calls on asset allocation could be a fool’s errand as the UK economy and markets enter a prolonged period of stability, according to Kames’ Stephen Snowden.
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Mirabaud launches EM debt fund after senior hire
Mirabaud Asset Management has launched a Luxembourg-domiciled Emerging Market Debt fund following the hire of Daniel Moreno from Rubrics Asset Management.
