Pound falls on fears of a hung parliament
The pound fell overnight after YouGov research predicted next week’s general election could result in a hung parliament.
News
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Complex financial crime key driver of rising compliance costs
More complex financial crime and a growing regulatory burden have together been the driving force behind rising compliance costs, a recent survey has revealed.
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SW Mitchell challenges Woodford on builders’ value
SW Mitchell has countered Neil Woodford’s recent bullish position on housebuilders, demonstrating a U-turn on the sector.
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Investors split on Europe as economic sentiment falters
Europe is dividing opinions after softer economic sentiment data failed to live up to forecasters’ optimistic predictions on Tuesday (30 May).
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Kepler launches trust income ratings
Research and advisory boutique Kepler Partners has launched an income rating system for investment trusts as it recognises the shortcomings of focusing solely on yield.
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Little latest to join Old Mutual Wealth board
Old Mutual Wealth has boosted its board of directors with the appointment of Jon Little, a former vice chairman at BNY Mellon.
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Neuberger Berman adds global put writing fund to alts range
Neuberger Berman has added to its range of alternative Ucits funds with the launch of another put writing strategy.
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Merricks to co-manage 8AM fund in growth charge
Skerritt Wealth Management’s Andy Merricks is to take on co-management of 8AM’s Global Focused Fund, alongside Tom McGrath, in a drive to build assets.
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UK exposure in global funds hits 12-month high
Exposure to UK equities in global funds has hit a 12-month high as the US has steadily fallen out of favour, new data from Copley Fund Research has revealed.
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Hermes strengthens research team ahead of Mifid II
Hermes Investment Management has appointed Orla Murphy as research director in a newly created role within its investment office team.
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Witan ditches two of five global equity names
Witan has ditched two of its five global equity managers in a bid to improve performance through its active share potential.
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Savers ‘sleepwalking to uncertain retirement’ in ‘lifestyle’ funds
Seven Investment Management (7IM) is calling on the government to make financial education on pensions a top priority.
