Woodford flagship fund snubbed by FE
Neil Woodford’s flagship Equity Income fund has been replaced in FE’s approved list by his recently launched Income Focus fund amid concerns over its “illiquid” investments.
News
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Hermes backs world’s largest corporate sustainability drive
Hermes Investment Management has signed up to the United Nations Global Compact, a set of principles aimed at improving corporate sustainability across the globe.
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Sanlam appoints UK distribution head
Sanlam UK has hired John Pyburn as head of UK distribution.
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JPMAM raids Treasury for Flanders’ replacement
JP Morgan Asset Management (JPMAM) has appointed one of Chancellor of the Exchequer Philip Hammond’s special advisers as its chief market strategist for Europe and UK.
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Complacent markets underestimate Fed rate hike
Complacent markets could be caught off-guard by a US rate hike and surprise political reform from president Donald Trump, the co-head of multi-asset at SYZ Asset Management has warned.
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‘Mad’ bond demand a sign of extreme times
Wealth firm Andrews Gwynne has branded demand for some bond products “mad” and a sign of how extreme markets have become.
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Profit warnings and stock falls: Should you sell in summer?
As the industry gets back to work, she warned negative financial updates issued during the summer should not be people’s single focus despite the lack of other news noise to fill the void. Lawson, co-manager of SVM’s UK Growth Fund, spoke out after the likes of Neil Woodford suffered enormous losses when shares at Provident Financial…
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Market abuse suspected in Rathbones 10% stock fall
Rathbones is investigating possible market abuse that is suspected of sparking a fall in its share price today.
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Volatility fears see wealth boutique eye 30% cash holdings
The likelihood of lower returns and higher volatility has seen newly-founded wealth boutique, Lockhart Capital Management, unveil a new strategy which could see cash holdings rise substantially, according to head of investment, Andrew Wilson.
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Ex-Tilney man joins Old Mutual Wealth
Old Mutual Wealth (OMW) has appointed former Tilney man John Porteous in the newly-created role of retail customer solutions director.
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The seven best-selling funds in August
Which funds did investors turn to during an uncharacteristically volatile August? Portfolio Adviser takes a look at Bestinvest’s top sellers over the month.
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Enhance promotes Wiseman to group chief executive
The Enhance Group has announced a new chief executive as it looks to increase the governance and management structure of its head office.
