Beware of Aim’s ‘AbFab’ stocks
Hawksmoor Investment Management is warning against investing in the Alternative Investment Market’s (Aim) five largest companies, which it has dubbed the ‘AbFab’ stocks.
News
-
-
Old Mutual sells majority stake in Nedbank
Old Mutual will reduce its 54% stake in South African lender Nedbank to 19.9% as part of its ongoing plans to restructure and separate its business.
-
Woodford biggest casualty as tide turns for equity income
Neil Woodford’s flagship equity income fund has been the worst performing in its sector over the past year, data has shown, but is not alone in seeing performance falter.
-
More pain for Next as shares topple 8%
Shares in Next slumped close to 8% after the high street fashion retailer admitted its sales performance was “extremely volatile” thanks to unpredictable weather.
-
Brown Shipley announces replacement CEO
Brown Shipley has appointed Alan Mathewson as chief executive.
-
UK investors bullish on returns over next five years
Despite adopting a cautious approach to risk, UK investors expect to generate an average 8.7% return on investments over the next five years, according to the Schroders Global Investor Study.
-
Thesis takes over DFM as ‘expansive attitude’ takes hold
Thesis Asset Management has kicked off its growth plans with the acquisition of discretionary investment firm, Cambridge Fund Managers.
-
Terry Smith launches ‘Comic Relief’ sustainable fund
Terry Smith has launched a sustainable fund for institutional investors after three years running a segregated mandate for UK charity, Comic Relief.
-
Axa IM launches digital economy fund
Axa Investment Managers has launched an equity fund that invests in companies benefiting from the switch to a digital economy.
-
‘Do or die’: Asset managers urged to embrace tech
Asset managers must embrace technological developments that will drive exponential change in the industry or risk missing out on growth, according to a PwC report.
-
FTSE 100 lifts off as BP profits surge
After slipping last week to a low-point of 7,447, the FTSE 100 has risen again, driven by a flurry of strong third quarter updates.
-
Square Mile appoints portfolio manager
Square Mile has appointed Charles Hovenden as portfolio manager to work across its risk-targeted products.
