Woodford’s Patient Capital Trust posts positive results
Neil Woodford’s Patient Capital Trust bounced back in its half year results following a bumpy two years of performance since its launch.
News
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Henderson fund re-enters IA’s UK Equity Income group
The Henderson UK Equity Income and Growth fund has rejoined the Investment Association’s (IA) UK Equity Income category after nearly four years in the All Companies sector.
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Hargreaves Lansdown shares sink after special dividend scrapped
Hargreaves Lansdown has been forced to scrap its special dividend payout for 2017 in order to save £50m, sending its stock price plummeting on Friday morning.
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Exodus from UK equities continues in June
Investors continued to flee from UK equities in June, with £1.1bn flowing out of the UK All Companies, UK Equity Income and UK Smaller Companies sectors, according to latest Investment Association (IA) statistics.
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Managers playing the ‘loser’s game’ more likely to outperform
For the majority of active or discretionary managers, adopting a “loser’s game” strategy will in general lead to above average returns for clients.
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EM mania spreads to frontier markets
Frontier market equities saw the largest net inflows for a very long time in June, suggesting the interest in developing economies’ stock markets is broadening.
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Tracker inflows lead to record LGIM net sales
Strong sales of index tracker funds propelled Legal & General Investment Management (LGIM) to the top of the net retail sales charts in the second quarter, according to the latest Pridham Report.
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No surprises as dovish BoE holds rates at historic lows
The UK interest rate will remain at historic lows of 0.25%, the Bank of England confirmed on Thursday afternoon.
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Tilney acquires £162m book from Manchester DFM
Tilney Group has finalised the deal to buy Midas Investment Management’s entire book of assets.
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Dinning hire stokes Waverton investment team
Waverton Investment Management has hired William Dinning as a head of investment strategy and communications, effective today.
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Next biggest FTSE 100 riser after ‘disappointing’ update
Shares in the British high street retailer surprised on the upside, despite producing what analysts called a “very disappointing trading update”.
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FTSE CEOs bow to pay cut pressures, but huge gap remains
A fall in chief executive pay means FTSE 100 companies are starting to listen to the demands of their shareholders, but more work is needed to close the gap with the rest of the workforce, a report has found.
