Fund returns crumble amid ‘vicious sector rotations’
Nine in 10 funds are falling short of delivering above average returns consistently over a three-year period, according to research from BMO Global Asset Management.
News
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BoE: Brexit will cost 75,000 finance jobs
Up to 75,000 jobs in financial services could be lost in post-Brexit upheaval, the Bank of England believes.
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FSCS name hijacked in Russian website fraud
Consumers have been warned to avoid a Russian website claiming to be a subsidiary of the Financial Services Compensation Scheme.
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Why blue-chip investing is a dying trade
Investing in blue-chip companies is a dying trade as they are most at risk from disruptive market forces, according to equity managers at Hermes and Kames.
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Rise of passive continues as global AUM hits $80trn
Passively managed assets continue to eat up a growing a share of total assets under management (AUM) around the world, according to Willis Towers Watson’s Global 500 research.
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Hammond’s budget surplus dream in tatters after IFS kick
Philip Hammond needs to admit his promise to eradicate the UK’s budget deficit by the mid-2020s is “no longer sensible”, a report from the Institute of Fiscal Studies (IFS) has said.
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HSBC’s profits leap as Asia drives 70% of growth
HSBC’s profits in the third quarter were some $4.3bn higher than the previous year, largely thanks to its renewed focus on Asia.
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Adrian Gosden: The last equity income fund I’ll ever run
Adrian Gosden has outlined his commitment to employer GAM by saying his recently-launched equity income fund is the last such fund he will ever run.
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UK investors front $428m for niche Aberdeen Standard fund
UK investors have backed a $400m round of fundraising for a niche private equity fund offering from Aberdeen Standard Investment.
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RBS braces for 10th full year without profit
RBS hit another milestone on its road to recovery, posting a third consecutive quarter of profits but analysts suspect it has further to go before it is back in the black for the full year.
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Coram scraps European junk bonds
Coram Asset Management has left its position in European high-yield bonds in favour of the US where it said bonds are better quality and offer stronger returns.
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Witan dumps Marathon AM for European equity exposure
The £2bn Witan Investment Trust has dumped Marathon Asset Management as a pan-European equity manager after seven years and replaced it with Crux Asset Management and SW Mitchell Capital.
