August’s good, bad and the ugly fund performers
Gold, Japanese and emerging markets funds enjoyed a strong August, while absolute return funds had a month to forget, as did Neil Woodford.
News
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EdenTree expands ethical Amity fund range
EdenTree Investment Management has unveiled a new short-dated bond fund with an “explicit” ethical focus.
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Unilever drives Train’s FGT to all-time high
Nick Train’s Finsbury Growth & Income Trust (FGT) has made a massive comeback in 2017, which the manager says is largely down to the failed merger between consumer goods giants Kraft Heinz and Unilever.
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Jupiter appoints industry veteran to remuneration committee
Jupiter Asset Management has appointed industry veteran Roger Yates as an independent non-executive board director.
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Seneca moves into property with £20m portfolio acquisition
Seneca is expanding into the property sector after acquiring a £20m portfolio of business centres in the North of England, the firm announced today.
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Rathbones and S&W merger talks collapse
Merger discussions between Rathbones and Smith and Williamson have collapsed following a decision by the latter to attempt to list on the stock market.
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Hargreaves rolls out remuneration reforms as it awards CEO £2.2m
Hargreaves Lansdown stressed changes needed to be made to its current remuneration scheme, while also confirming that chief executive Chris Hill took home £2.2m in 2017.
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Survey reveals advisers’ reliance on model portfolios
More than three quarters of advisers use model portfolios according to new research which shines a light on the growing shift towards structured investment offerings.
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Kames: Why you should not trust sustainability ratings
Rating agencies’ analysis of how sustainable a fund is should not be relied upon by investors as the sole evidence of its credentials, according to Kames Capital.
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Manulife AM: Look beyond CAPE for stock-picking opportunities
Equity valuations are rich at present, but investors can still find opportunities if they look beyond overly simplistic valuation methods when picking stocks, according to Manulife Asset Management.
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Bonds and mixed assets funds prove popular in July
Sales of corporate bond funds surpassed those of global equity funds to be the best selling sector in July, while investors also sought solace in the mixed asset sectors, according to FundsNetwork.
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FTSE 100 – Royal Mail and Provident out; Berkeley and NMC Health in
Royal Mail and Provident Financial have been ejected from the UK’s top 100 listed companies following the index’s latest quarterly rebalance.
