Daily briefing

from WallStForMainSt

from Peak Prosperity

Eight of the top 10 funds for the month were gold and precious metals funds

It takes a 26.1% stake in the firm as they agree to distribute each other’s funds in the US and Europe

Rathbone Greenbank Global Sustainability and Rathbone Greenbank Global Sustainable Bond funds will use the label from 2 April

Exclusive: Boutique Capital Partners supporting River Road with UK distribution

Group alleges the FCA failed to act appropriately in the lead-up to and after the collapse of Woodford Equity Income fund

Geopolitical concerns, inflation and US-China relations named as top concerns

Combines firm’s private and alternative credit capabilities into a single global diversified strategy with a European focus

It will be managed by Mark Baribeau and Rebecca Irwin, who run the $1bn Global Equity Opportunities fund together

New hire will co-manage emerging market debt fund after Steve Ellis departs

Georgina Taylor will drive the strategic focus of its multi-asset range, as well as managing 12 funds worth £1.1bn herself

The two were poached from Columbia Threadneedle to launch the Pan European Smaller Companies fund five years ago

The sector could face closure just four years after it was launched as the number of funds dwindles

The ‘contrarian’ strategy will seek out ‘overlooked opportunities’ in India’s famously growthy market

While bond funds record their third strongest month on record for inflows

M&G India fund to be managed by Vikas Pershad

Run by contrarian manager Stefan Brugger

Active fund performance was especially poor in large-cap equities, making it ‘increasingly difficult to justify their higher fees’

Adds six new external managers as part of the change in approach

Two managers from Schroders gain recognition

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

The Boston-based firm – which was bought for $925m last year – manages $121bn in assets under management across 27 strategies

Uncertainty over Trump’s policies in the future path of interest rates contributed to the outflows, according to the IA

EQ has also promoted Tertius Bonnin to co-portfolio manager of its suite of sustainable funds

Momentum fund to invest across range of investment trusts, gold, gilts and cash

Former Artemis manager Alex Illingworth’s new boutique acquired Vermeer Asset Management in September

Bowmaker will serve as deputy fund manager of the VT Tyndall Unconstrained UK Income fund

The equity/bond hybrid fund will invest in preferreds with a target duration of less than three years

Netherlands-based firm will launch two sustainable fixed income funds later this year, subject to regulatory approval

FundCalibre awards ratings to funds at Jupiter, Rathbone, M&G and Ranmore

Janus Henderson launches OEIC version of global smaller companies SICAV

Classified as Article 9 under SFDR

The SJP Strategic Managed fund has been managed by Columbia Threadneedle since 2014

Eltifs ‘unlikely to harvest the same hefty illiquidity premiums’ as trusts

It will invest in a niche subset of emerging markets that are ‘more challenging for investors to access’

TM Brickwood UK Value will be benchmarked against the FTSE All-Share index

It provides exposure to public companies controlled by private equity owners

Fifteen funds worth over £1bn each accounted for 59.6% of the assets of all funds that underperformed over the past three years

Ranmore Global Equity fund management fee reduced to 0.75% on all assets between $500m and $1bn

The strategy will invest in dividend-paying stocks in the UK and continental Europe

UK funds have lost popularity in the last three years, HL reports

The ‘dramatic shift’ in investor behaviour is ‘signalling a new era’ that the investment industry must adapt to

Pridham Report shows a quarter of growth for active equity funds

Advisers are ‘always’ speaking to clients about sustainability but jargon and lack of detail in fund documentation a concern

Fund managers anticipate private markets and ETF growth

Legal & General has launched three new index funds for UK and European investors, tracking equity, bond and infrastructure benchmarks

Widens access to market through companies with high liquidity

The latest rebalance saw trades across all asset classes, with four holdings sold

While a handful of multi-asset funds received re-ratings in the update for January

Master fund will be renamed ARC TIME Property Income PAIF if shareholders approve the changes

Quilter, Transact, Fidelity Adviser Solutions and abrdn Wrap awarded platinum for 10 years

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

UK equity funds suffer £783m in net retail outflows

Concentrated fund with 35-45 holdings

European and Asian funds also suffered net outflows in January as North American funds continue to appeal

It converted four FCP funds into SICAV vehicles and expanded its UK team

The HL Global Bond fund and HL Emerging Markets fund received red flags for overall value in the firm’s AoV report

Precious metal funds topped the charts while India funds tanked

The strategy has been renamed the Baillie Gifford Monthly Income fund

Nick Burchett to take full management of two funds

New fee arrangement ‘better reflects current market conditions and investor sentiment’

MAN Group with highest percentage of five-crown funds

China funds could be back on the menu after roaring back with some of the highest returns of 2024

As part of wider strategic shift to refocus Evelyn Partners on its wealth management business

A further 30% to 50% of all European ESG funds are expected to change their names in line with FCA and ESMA marketing guidelines in 2025

Admans previously head of fund selection for TILLIT

Firm will also overhaul 10 UK-domiciled funds to gain SDR label

Saba CEO confirmed the hedge fund would seek to merge trusts into a single vehicle and invest back into UK assets

Board had proposed rolling the trust into the open-ended Baillie Gifford Positive Change fund

£45m Artemis European Select will roll into the Artemis SmartGARP European Equity fund, managed by Philip Wolstencroft

The £22.5bn fund rose by 8.9% in 2024, trailing both the MSCI World Index, up 20.8%, and the IA Global sector average of 12.6%

As Economic Advantage team takes over the Liontrust Global Smaller Companies fund

Two funds have ratings suspended in December review

Enthusiasm for equities did not translate to UK equity funds, which suffered £9.6bn outflows

To act as a sub-fund for First Eagle’s US private credit strategy

The US hedge fund’s ‘self-serving and destructive proposals’ are a veiled attempt to take effective control of UK trusts

Funds include biotech, global, US, multi asset and UK mandates

McNeil replaced on four Aegon funds after three-year outflow trends

Apex Group to act as transfer agent for strategies

‘Historic cheapness’ of UK small and mid-caps presents an attractive entry point

The BGF AI Innovation fund, iShares AI Infrastructure UCITS ETF, and the iShares AI Adopters & Applications UCITS ETF

Investors withdrew £5.9b from investment funds over concerns about Chancellor Rachel Reeves’ tax changes

He is to resume management of the Global Equity Income fund after he and two fellow managers left for RLAM

They lost £25.33bn since 2021 but raked in £317m in November once Budget fears receded

The TR Property Investment Trust and L&G’s Global Real Estate Dividend Index fund were highlighted

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

Europe anticipated as worst-performing region by 37.5%

Fund managed by Ben Constable-Maxwell and the impact team

Decision to shutter its property funds follows a ‘challenging period’ for the sector as a whole

The fund is the first actively-managed, short-term money market fund regulated ETF in Europe

Will become a stand-alone business rebranded as S&W

Arcus Zensen is managed by Arcus co-founder Mark Pearson

To be managed by George Cotton and Benoît Harger

Pleydell-Bouverie has been with global innovation team since 2022

Global climate assets up 6% in first nine months of 2024

Active equity and fixed income funds saw positive inflows for the month

BNP Paribas launches sustainable forestry fund alongside International Woodland Company

Label will apply to Fidelity’s sustainable UK, global and European Equity funds

Reforms will see the £360bn of assets in 86 local government pension schemes pooled into eight ‘mega funds’

September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association

Fund to focus on Indian local debt and money market securities

Dean rejoins the industry following Sanditon windup in 2019

Regnan Sustainable Water and Waste fund gains Elite rating

Adopting a single manager approach on the £14.3bn fund range is ‘the most appropriate strategy going forward’

The three fixed income funds are first-time entrants

Fund-of-funds recorded the highest increase in sales, according to ISS Market Intelligence data

Regulator wants to widen scope of recent research rule overhaul to UCITS and alternative investment funds

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

Bonds balloon by £631m while money markets increase £402m

In partnership with Schroders affiliate BlueOrchard

Takes with him the CRUX UK equity fund range

Gold hitting all-time highs and silver rallying propelled precious metal strategies in the month

The managing director says outflows from money market funds will ramp up as we head towards the new year

Regulator has accused the former hedge fund boss of a ‘lack of integrity’ in handling Odey Asset Management’s governance

Fund registered as Article 8 under SFDR

Providing exposure to one of the world’s most ‘strategic markets’ for investors seeking high growth

Fund targets government or government-related bonds working towards lowering carbon emissions or providing community support

Jupiter had previously considered sub-delegating the fund to Ben Whitmore’s value equity boutique

Spokespeople from IBOSS, Square Mile and One Four Nine give their thoughts on fixed income

Theo Wyld previously co-managed the Ruffer Japanese fund

In 2024, fund closures outpace launches

River Road’s $1bn Large Cap Value Select fund will be brought to the UK in 2025

Based on increased investor demand to manage their China allocation separately

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

Managers have upped equity and lowered bond allocations at a record rate, according to the BofA October global fund manager survey

The firm’s wealth management arm saw net outflows of £891m, while asset management achieved inflows of £67m

The ‘R Awards’ recognise the funds RSMR analysts believe to be among the best-in-class

Gross flows for Q3 came in at £4.4bn, 20% higher than over the same period last year

Net outflows for Q1 stood at £0.1bn, representing 0.7% of funds under management

Concerns have begun to emerge on valuation grounds, write Cherry Reynard

The research team said looser monetary policy represents ‘a turning point’ for the asset class, but warns investors to ‘stay vigilant’

Narula exits to join a superannuation fund after 11 years at Mirabaud

Carolyn Bell will work alongside lead manager Gerrit Smit to manage the £3.8bn fund

Patrick Mattar will oversee the launch of an ETP platform

Focused on BBB-rated debt

Outflows of £666m were seen from UK equity funds during the month of September alone, according to Calastone data

Fixed income funds also shed record amounts of cash during August and September

The Sydney-based firm aims to roll out its ECP Global Growth fund to UK investors for the first time

JPM UK Equity Core, Alliance Trust, SPDR MSCI ACWI ETF and Xtrackers S&P 500 Equal Weight ETF also made the grade since March 2024

Jupiter’s head of equities ‘welcomes the clarity this new label will provide for many clients’

Top 44 best performing funds all China

Equally-weighted model portfolio solution comprising seven ARK Invest funds

CollerCredit launch follows CollerEquity launch this June

Most institutional investors expect up to $2.5trn of capital from money market funds to re-enter bond markets

Some 30% of shareholders have already voted in favour of the sale to Saltus

Jupiter UK Special Situations will change its name from 11 October

Matt Wiles joins from LGT Wealth Management

To be managed by Peter Doherty, who joined as head of fixed income last year

While fund managers Reza Karim and Alejandro Di Bernardo are set to exit, weeks after head of EMD Alejandro Arevalo’s departure was announced

Nicola Takada Wood will drive the AVI Japan Opportunity trust and newly-launched Japanese Special Situations fund

The former Artemis manager bought the £60.6m Vermeer Global fund

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

The Carmignac Private Evergreen fund will be run as part of a strategic partnership with secondaries firm Clipway

US-domiciled version of the fund was first launched in 1973

The £300m fund will invest in early-stage technology and life science companies in the UK

The highest debt levels on record could make gold a better safety net than bonds, according to these fund managers

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

Aubrey’s European Conviction fund to close with departure

The majority (85%) of funds affected will likely have their ratings relegated now that management fees are taken into account

How did these 20 active funds succeed where so many others failed?

Fund to approximate beta returns of hedge funds

BlackRock Global Funds China Impact fund and BlackRock Funds I ICAV Global Impact fund to close

The £845m fund is a good option for ‘cautious investors looking for an alternative to cash as rates fall’

First partnered with Rathbones Investment Management International

Keystone Positive Change board is consulting over a potential rollover into the £1.8bn Baillie Gifford Positive Change fund

Will create exposure through listed companies invested in private equity

Kasia Tissot to join European Real Estate team

The AIC has also called for the removal of stamp duty on British shares and the expansion of the VCT scheme

M&G China will select stocks from a universe of 300 Chinese companies

The 2 December SDR deadline is for funds seeking to utilise sustainability-related terminology in fund name

69% of North American fund managers surveyed said it will become harder to navigate EU regulation over the next two years

Active funds lose £2.1bn, according to IA

UK equity outflows doubled, while bond funds recorded its third worst ever month, according to Calastone’s Fund Flow Index

Fundsmith had featured on every monthly most sold list since interactive investor began tracking the data in 2018

August marked by rate cut discussions and selloff at beginning of month

The ex-Goldman Sachs manager takes over from Piers Hillier, who will remain as CIO of the firm

Artemis, Baillie Gifford and M&G strategies were among those named in FundCalibre’s latest ratings roundup

Holds long positions in companies recognised as sustainability leaders

The Apax XI fund, in which AGA is a limited partner, has agreed to acquire Veriforce

Funds replace JPM Global Macro Sustainable and RobecoSAM Smart Materials

Ironbark withdrew two fund mandates that Rutter took with him from RLAM

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

FTF Martin Currie UK Opportunities fund could also merge into the FTF Martin Currie UK Rising Dividends fund

Consumer staples are a top allocation within many of the UK’s most popular funds, but the quality of the sector has deteriorated over the past decade

The FTSE 100 has more ‘jam today’ stocks which prospered in the market rotation, says AJ Bell’s Laith Khalaf

Aiming to lock in current yields over a four-year term

TILLIT’s Sheridan Admans reveals his fund picks for gold and precious metal plays

While 43% posted positive net flows to signal improving investor confidence

‘It’s going to be a very interesting second half of this year, the market had it easy over the first half’, says the bond fund manager

Investors expect economy to grow 1.22% in 2025, up from 0.98%, according to Quilter’s Investor Trends Survey

Decision follows exit of fund manager Jeremy Gleeson

Strategies underexposed to tech and energy feature prominently in the bi-annual report

Active funds don’t come close to the high returns of the index trackers, with many multi-asset managers cutting their active exposure all together

Alex Daniels will analyse sector-specific and thematic equity funds

No change in the investment approach across his funds

Manager James Bowmaker will remain working at Jupiter

Moss discusses the Somerset fund acquisition, UK expansion plans and work with Make-A-Wish Foundation

abrdn would shift the fund to global strategy

Newton IM fund manager discusses the outlook for multi asset and his investment philosophy

Fixed income loses £1.2bn in June while net inflows into equity funds turn positive

The Distressed and Credit Opportunities fund will be managed by CIO Dimitry Griko

Seven of the 11 funds re-rated by Square Mile had a fixed income mandate

Equities see a net £2.19bn in inflows

While tech was the worst-performing IA sector over the month, according to FE fundInfo data

Co-manager of the £2.3bn Man GLG Japan Core Alpha fund discusses the impact of the end of negative interest rates

Invesco Sustainable UK Companies is reverting after taking on the ESG mandate in 2022

Near 95% of assets rated as ‘satisfactory or above’

ETF to mirror Guinness Sustainable Energy fund

James Sym has taken over management of the SVM Continental Europe fund

Hassan Raza and Emma Moriarty take on leadership of four funds

Royal London received the most ‘five crown’ ratings by fund group, while four M&G strategies were downgraded

Strategy will hold a long portfolio with an attractive ESG profile, while shorting companies with a poor ESG profile

20 investment trusts on list of 50 most popular funds

67% of sovereign investors expect EM to match or beat DM performance over three years

IA Japan housed the most funds achieving consistent top quartile returns

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

Manager research team argues the fund’s competitive position has ‘diminished’

Strategy originally launched as GAM UK Equity Income fund in 2017

To be managed by Kristofer Barrett

Total number of funds on platform reaches over 100

The fund research agency will become part of Defaqto

Fund ranked first in its sector over five year period

He joins as an investment manager

Amid growing investor appetite to separate China exposure from global emerging markets portfolios

Study finds fund buyers bullish on fixed income, with less certainty in equity

Article 9 strategy will be managed by global equities portfolio manager Martin Slipsager Frandsen

Unveiling strategies investing across property, equities, bonds and alternatives

Changing the story around UK equities is essential to stopping outflows, say UK equity fund managers

Mike Riddell to take over strategic and total return bond funds

Centre American Select Equity and Centre Global Listed Infrastructure funds brought to platform

While FSSA Japan Focus was stripped of its ‘Responsible A’ rating

They raked in £11.4bn in the first half of the year, with UK investors favouring US and global funds

Alex Knox will join from Federated Hermes to take up Ford’s responsibilities on the firm’s US funds

Legal & General Global Technology Index Trust leads as best-selling ISA fund

While investments in private equity grow across Europe

While climate and energy transition funds suffered

Cholwill spent career with Royal London and AXA Investment Managers

The new partnership will use generative AI to enhance productivity and efficiency

Part of company’s sustainability plan to classify 95% of funds under ESG criteria

Liontrust’s suite of funds saw net outflows of £6.1bn during the year

Two funds remained in universe following review

Funds that converted to ESG strategies lowered their costs by 20 basis points on average

Best month for the asset class so far this year

Will see the fund drop its ESG screen and move to SFDR Article 6

Its income and growth VCTS could combine into new funds worth £190.8m and £128.8m

The fund was originally launched in September 2020

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

The managing partner and CIO explains the fund is not a tech mandate, nor a growth-style fund

Manager of the VinaCapital Vietnam Opportunity fund

While fixed income funds recorded their second worst month of withdrawals on record, according to the Fund Flow Index for May

DPAM B Equities Europe Small Caps Sustainable also inducted to the list

Largest net inflows for the IA fund universe as a whole since August 2021

Available to investors on 1 July

One new fund and one investment company also enter the Academy

Largely driven by inflows into fixed income products

He has led the Axa Framlington Global Technology fund since joining the firm in June 2007

‘The UK market finally appears to be garnering attention’

Added to North America building block

It will be managed by Dan Whitestone and Matthew Betts, who have so far specialised in UK smaller companies

Amid greater demand for products in the sector

Asian equity funds may now lose the headwind of China, and gain the tailwind of the technology cycle

The CIO and head of fund management says lack of institutional exposure to UK equities ‘beggars belief’

How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months

The co-manager of the Aegon Global Equity Income fund says there are ‘no unique companies’ left in the UK

35.4% of votes favoured discontinuing the trust

It is an ‘exceptionally fertile’ time to invest in mispriced smaller companies

Aegon’s Komulainen has called on fund managers to vote against climate transition plans at Shell’s AGM

JP Morgan US Equity Income and Hermes Global Emerging Markets funds switched for BNY Mellon and Baillie Gifford offerings

Invesco Bond Income Plus Limited trust given Elite rating

Labelled bond market continues to grow across Europe

Kate Morrissey will be succeeded by portfolio manager Nicholas McLoughlin

Reserved Investor Fund is expected to be available later this year

Equity holdings in multi-asset funds surpassed their long-term average

Passive funds were the most popular purchase, accounting for 74% of sales over the period

Mercantile Investment Trust amid new class of funds to be awarded ratings

JPMorgan Liquidity funds will invest in short-term government bonds and other money market instruments

Has been part of the Economic Advantage team since 2022

AQR Apex Ucits fund will invest in a range of lowly correlated sub-strategies

How fund group distribution bosses are thinking about asset classes, strategies and working with clients

Inflows were up five times compared to last year’s ISA season

Riddell will be lead portfolio manager for Fidelity’s strategic and total return bond strategies

Seeks to offer investors protection from unexpected UK inflation

Nine of the 10 best performing funds specialised in gold or commodities

There are 32 trusts investing in equities with yields above 4%

Coutts Diversifying Alternatives Multi-Manager fund aims to generate returns with low sensitivity to traditional markets

Mathew Parker will co-manage the UK Equity Unconstrained and UK Small and Mid-Cap strategies

Home Long Income fund launched in 2018, two years before Home Reit’s IPO

US sustainable flows deplete by $8.8bn

Investment company sets out refinancing plans following prolonged double-digit discount

Manager research team has revised the strategy’s rating to ‘neutral’ from ‘positive’

Value team’s assets shrunk from £8.5bn to £7.5bn over three months to the end of March

The report notes passives’ popularity and flows into fixed income and transition strategies

Receives go-ahead from China Securities Regulatory Commission

Overall number of funds with top-quartile returns over three consecutive 12-month periods falls marginally in Q1

One of five UK-based fund managers believe lack of diversity impacts business gains

Some £4bn of investors’ money left the firm’s UK retail funds and managed portfolio services

Havelock London leads for most-searched fund group and individual active fund

Only 35% of active funds beat their benchmark over the past 12 months, and ESG portfolios were even worse off

92% expect compliance breaches to increase over two-year period

Change of investment approach will see the fund invest up to 45% in global Reits

Sector brought in €60bn in net flows

UK unit trust is the top-performing IA UK All Companies fund over five years

Second real estate climate impact fund launched by Fidelity

Highest level of confidence recorded at the Q1 stage of a year in AIMA’s Hedge Fund Confidence Index

While CT Global Social Bond has been inducted into the Academy of Funds for the first time

Fund to launch 14 May after seeding period

All major asset classes suffered a second consecutive month of net withdrawals

Net inflows to North American funds were higher over the last four months than in the previous nine years combined

How fund group distribution bosses are thinking about asset classes, strategies and working with clients

Orbis OEIC Global Cautious fund and the Schroder Global Multi Asset Portfolio

The Abrdn Asia Pacific Equity and Baillie Gifford Global Discovery funds had ratings stripped over performance concerns

Fund launched on new Luxembourg-domiciled RAIF platform

Commodities and natural resources on top for sector average

Redress to be paid out today, almost five years on from fund’s initial suspension

Exchange-traded funds received €16bn in February whilst mutual funds lost €5.9bn

Yon Papageorgiou to lead the fund

Article 8 fund will invest in a portfolio of 60 to 80 stocks

63% of advisers believe volatility from central bank decisions and elections could threaten returns

Bi-annual report comprises 122 funds in total

The firm is moving its products beyond the trend of ‘traditional green, clean and thematic funds’

The ex- Swedbank Robur manager will take on the Investissement and Patrimoine strategies from David Older

Lansdowne Partners has been appointed investment manager of the fund

Fund to be managed by Chris Parr

Senior investment manager has managed 7IM’s AAP range since its inception in 2008

CT Diversified Monthly Income fund and CT Multi-Manager Investment Trust fund shut

Fund shuts less than a year after the departure of Matthew Smith and Tom Morris

19% of these strategies are lead-managed by women while 55% adopt a team-based approach

UK equity strategies suffered £14bn net outflows over the year

Simon Evan-Cook weighs in on cash versus multi-asset performance

Index, actively-managed and multi-asset funds saw net inflows

Will be renamed the Artemis Short-Duration Strategic Bond fund

Scottish Mortgage, JP Morgan Global Growth, Greencoat UK Wind top investment trusts

ESG funds bring in £1.54bn across markets

Newly launched fund will focus on interest rate and credit risk

The trust’s share price has collapsed by 65% from £1.61 to 56p over the last year

Janus Henderson and Matthews Asia funds have ratings removed

The divestment took a substantial portion of the fund’s assets, making it ‘no longer commercially viable’

Fundsmith Equity and Lindsell Train UK Equity among the funds named in Bestinvest’s latest Spot the Dog report

Seven of top-ten returning funds belong to China

Six UCITS funds filed under SFDR Article 8

The European and global equity portfolios will have a growth bias

Fund is managed by Kevin Murphy and Andrew Evans

Global equity, fixed income and multi-asset offerings will be available to European and Asian investors

BlackRock, HSBC, JP Morgan among the best-selling European fund providers

Up from 20% a year ago, according to 2024 ESG Barometer report

The trust sector has seen increased M&A in recent times, while investors have highlighted concerns over illiquid, sub-scale funds

To be managed by head of global high yield Martin Reeves

Jupiter funds placed under review following the departure of Ben Whitmore

Portfolio Adviser speaks to fund selectors about what the future of property investing will look like

MS INVF Systematic Liquid Alpha fund will leverage investment strategies across asset classes and targets market neutral performance

To invest in clean climate tech companies within private markets

Fund uses framework of investment partner BlueOrchard

Trust exposure will increase from 4% to 45% in an effort to improve liquidity

£127m seeded by Aon

Seven strategies received the rating while four were awarded the ‘Elite Radar’ badge

Emerging market growth is becoming increasingly dependent on fundamentals

18 fund managers join the FE Alpha Manager Hall of Fame for the first time

The head of fund management joined the firm in 2010

Discretionary fund manager products available instantly

Initial £39.6m investment

Investors added £2bn to equity funds in January in one of the best months on record, but Calastone warns that returning confidence ‘should be treated with caution’

BlackRock tops gross and net annual flows for 10th consecutive year

Company to reprioritise hedge fund content

Square Mile adds four funds and ranges to its Academy of Funds

The $360m fund gained much interest from investors since launch, but seeks to ‘maintain the integrity of its investment process’ by closing off new inflows

L&G Global Tech Index was the most-bought fund in January

Mike Gush and Roddy Snell will relinquish their roles on Baillie Gifford’s China specific funds

While IA North America and Tech continued to top monthly returns

Rising equity markets pushed the value of mutual funds up by $10.7trn

To be sub-advised by Toronto-based investment manager Beutel Goodman

Simplify Consulting’s James Wood explains why fee transparency is still not up to scratch

Fund is classified as Article 8 under SFDR

Funds classified as Article 8

‘Chilling effect’ in the US and active management redemptions have pushed flows into negative territory, Morningstar reported

In contrast to record downgrades to Article 8

The firm is blending several of its existing strategies to create three new funds investing in US equities

The manager of the £3.6bn Rathbone Global Opportunities fund reflects over his 20 years of running the portfolio

Value funds are within the top 10% of all IA portfolios on alpha, volatility and performance, overtaking the previous growth winners

Scott Duggal and Janaka Nanayakkara due to depart the firm

Tom Record and Christine Baalham join to co-manage the retiring Jeremy Podger’s funds

To invest across three areas connected to artificial intelligence

European-domiciled funds as a whole attracted a net €49bn in 2023

To focus on companies with ‘heavy’ environmental footprint looking to transition

Tom Dorner and Jack Deegan appointed fund managers to the newly-named Polar Capital Financial Credit fund

Fund resides under the Schroders Greencoat arm

Market and investment performance added £4.9bn to funds under management and advice in Q4

33 more top-performing funds than in Q4 2022

Money market funds were the only asset class to achieve positive net flows in 2023

The firm’s UK retail funds and model portfolio service was hardest hit, having suffered a net outflow of £1.4bn

Mark Hawtin and Jeremy Roberts to join the firm months after Liontrust’s failed takeover bid for GAM

Goncalves spent the past eight years at Vanguard working on global corporate ESG funds and ETFs

The Diversity Project Pathway programme helps to develop female portfolio managers of the future

Fund based on existing US strategy

Aegon Diversified Monthly Income took the top spot for the most-searched fund

The deal is due to be finalised in February

Will James will co-manage the Guinness European Equity Income fund

Following SEC’s approval of spot bitcoin ETFs

Long-time global equity manager to exit fund management at the end of June to train as a maths teacher

A potential end to interest rate hikes injected optimism back into UK investors, who favoured passive funds over their active counterparts

List includes funds from Ruffer, Liontrust and Artemis

A potential end to monetary tightening has ricocheted rate-sensitive funds back into vogue

While 2023 flows as a whole belonged to money market strategies

Savvides will leave JO Hambro to head up the £2.1bn Jupiter UK Special Situations fund

Fundsmith Equity falls to fifth place

Some funds were flooded with fresh cash last year, while the likes of Fundsmith Equity and Liontrust Special Situations lost billions

Approved by the FCA, the switch will be effective from March

Tom Hosking to manage range of global equity funds

Columbia Threadneedle’s Embark Horizon range dropped while analysts assess its proposed move to BlackRock

The hedge fund promises to disrupt the investment trust industry

ESG Emissions Improvers fund plays the dispersion between high-emitters who can adapt to more sustainable practices and those that cannot

While tech was the standout performer in 2023, investors in China funds had contrasting fortunes

The hedge fund promises to disrupt the investment trust industry at a vulnerable moment

Carlota Esguevillas to head up team and fund manager Ketan Patel leaves the firm

BlackRock, State Street, and Vanguard bring in largest net flows

Funds that outperform hold lower average fee than underperformers, according to the platform

Now dubbed the VT Tyndall Unconstrained UK Income fund

First annual report focused on performance of active funds

Sale made at 14.2% discount

Now renamed Atlantic House Balanced Return

Using FE Fundinfo, Portfolio Adviser identifies five funds for investors who want to minimise downside risk as much as possible

aimed towards asset managers facing fee changes

Emerging specialist was dropped by SJP last week and has seen its AUM fall two-thirds since October

Fund to focus on Indonesian small caps

The money is being invested by Industrial Thought group

Survey of DFMs and fund selectors highlighted a lack of ‘expert’ alts fund managers as a concern

Four new funds have been added to the firm’s Academy of Funds

Invests in businesses with strong corporate cultures

Growth strategies, including Baillie Gifford American, enjoyed a strong month for returns

While external manager charge on the £2.9bn Emerging Markets Equity strategy has increased slightly

Focused on reducing exposure to companies with high carbon intensity

Funds will be overseen by Joe Bauernfreund

The Association of Real Estate Funds (AREF) has pushed back

Defensive, Cautious and Balanced options added

Long-awaited SDR includes changes such as a fourth fund label, and less prescriptive stewardship and disclosure rules

New internal REIT index fund to be launched, and used in the portfolio, in the new year

To work alongside Cinney Zhang

To be managed by head of fixed income Bryn Jones and fund manager Stuart Chilvers

Has also held roles at Square Mile, Brewin Dolphin, Rothschild and Merrill Lynch

Releases stage one of tokenisation plan

The multi-manager team believes some asset classes are poised for a strong run next year

59% report lack of consistency in fund managers’ definitions

An SFDR Article 9 fund aiming to improve financial inclusion

The £400m GAM UK Equity Income fund will be transferred to Jupiter in 2024

The Balanced Managed and Continental European funds will have lower ongoing charges

Motions were passed with 89.6% of votes in favour

Ahead of SDR the UK regulator spotlights ESG inconsistency, and lack of stewardship and governance, in retail funds

Funds will focus on ‘next generation’ investments

Assets under management fell 12% over the six months to £27.7bn.

Boutique will run funds including the £786.3m Sanlam Global AI fund under a sub-investment agreement

FP Carmignac Emerging Markets fund awarded Elite rating

Shakhista Mukhamedova takes up the role next year, while Michael Paul will move to an investment management position

Moss comes from AGRI3 fund

IFSL to become authorised corporate director (ACD)

Only two of top 10 most purchased funds – Fundsmith Equity and Loomis Sayles US Equity Leaders – were actively managed

The sixth consecutive month of net selling saw £1.2bn of outflows

Asante will work with team of four brought over from Stewart Investors

Research from Fitz Partners also finds strong correlation between AUM and compensation

Fund will be first of three using sovereignty framework

FundCalibre has retained the £1bn Artemis Strategic Bond fund’s rating despite management overhaul

City of London becomes most purchased investment trust while Royal London Short Term Money Market leads for funds

Open to UK investors following launch of Luxembourg vehicle last year

US-based cybersecurity firm has been added to the 27-stock fund

Gold achieved strong returns as sustainability funds struggled

Firm’s first launch in seven years

Peter Doherty brings over the £145m Sanlam Hybrid Capital Bond fund

Only 24% of advisers see ESG investing bolstering investment company performance

The new funds will be managed by a team headed by David Zahn

Thematic focus on circular economy and sustainable infrastructure aim to meet investor demand

Allowing investment into ‘development-stage assets’

Swaps out Impax Environmental Markets Investment Trust for open-ended sister fund

The head of UK wholesale speaks about being ‘more than an index house’ and addresses property fund scrutiny

VT De Lisle America fund’s manager Richard de Lisle discusses opportunities arising from Generation X escapism

Equities funds collectively shed a net £1.62bn

Funds will add £600m to Abrdn’s AUM

Some tracker fund charges are costing 20 times the cheapest possible rate

Defers redemptions in Property Life and Property Pension funds

The Fitz database contains around 40,000 share classes

M&G and Canada Life have announced their intention to close UK property strategies in the last seven days

Sector has been hit with waves of redemptions in recent years

We ran some questions past Ian Lance, co-fund manager of Temple Bar Investment Trust

Guinness Global Energy was the top performing fund across the IA universe

Who brings with him the VT Cape Wrath Focus fund

AUM has fallen to approximately £102m from £254m, leaving it ‘no longer commercially viable’

Worldwide Opportunities fund also moving to AVI

Chair Ashley Alder addressed feedback on regulator’s discussion paper for updating and improving the UK asset management sector

Legal & General most searched passives provider, according to fund research firm’s market intelligence report for Q3

Fund provides investors with access to assets not directly available on UK retail platforms

Fund is run by Swiss-based investment manager Atlanticomnium

Communication and content readability survey also finds AI less comprehensible than human-generated content

Fund will focus on long-only credit opportunities

The decrease will result in the elimination of Invesco’s Y share class

Five L&G passive funds in top ten

European equity funds bruised by global manufacturing slowdown

600 Link staff will join fellow asset servicing firm

The firm continues to be underweight risk assets across all ranges

Managed by Ron Baron and Michael Baron

Lessons from a decade and-a-half of managing funds

Liontrust UK Equity fund stripped of its ‘A’ rating

In the latest instalment of ‘Branching Out’, Amati Global Investors CEO talks through his path from a concert violinist to fund manager

India and energy funds hold strong while infrastructure struggles

Follows launch of Allspring Global High Yield Fund in June

London-listed investment trust invests solely in the Middle East region

Cautious multi-asset funds have
been hit by outflows so far this year, says Square Mile Research’s Charlie McCann, while investors opting for riskier options are sitting pretty

Trufas will run the Uncorrelated Strategies fund alongside Tom Boyle

Fund managed by Richard Hallett and Josh Bramwell

The fund will be co-managed by Stefan Isaacs and Matthew Russell

Neil Veitch has assumed the role of lead fund manager on the SVM UK Growth Fund

Follows the original fund launched in 2020

To be run by Roger Merz and the firm’s mtx team

The fund will be managed by James Abela and Maroun Younes

Trio of strategies now available to European investors

Shining a spotlight on a sector cloaked in mystique following the fall of Abrdn Gars, do targeted absolute return funds still have the power to attract investors?

The new offering aims to outperform the MSCI World Health Care Index

Alongside Sanlam Global Artificial Intelligence

Ramachandran previously ran GAM’s Luxury Brands Fund

Strategy available via three SFDR Article 9 compliant Luxembourg-domiciled funds

Portfolio Adviser looks at the five highest-yielding global equity income funds with top-quartile three-year returns

Link has issued a letter announcing details of the proposed Scheme of Arrangement

Aims to allocate capital across ten alternative strategies, including long/short and systematic equity

To be sub-advised by Edinburgh-based Walter Scott

Ontario Teachers’ Pension Plan Board to become majority shareholder

UK equities funds once again struggled to retain money

Co-managed by Neil Brown, Jay Saunders and Bobby Edemeka

The UCITS fund aligns with Article 8 under the EU SFDR

James Buckley will lead the £22.1m CFP Castlefield Sustainable European fund

To be run by Newton IM’s Paul Flood

Negotiations with fund houses have resulted in reduced pricing

Manager Ruth Chambers to move onto the Liontrust Emerging Markets Fund

BNY Mellon, Franklin Templeton and JP Morgan funds all make the grade

Available to UK retail investors

Amber Infrastructure Group named as ‘preferred candidate’

Using FE data, Portfolio Adviser shines a spotlight on the actively-managed US funds beating the S&P 500

European equity funds have been among the worst-selling OEICs in 2023 to date, yet they remain the fifth-largest IA sector by AUM

Orbis Global Balanced also among the seven new ratings

Global equities pulled in a net £18.9bn since July 2021, while regional strategies suffered £21.1bn outflows

Fixed income funds saw £698m of inflows during July alone

To be run by former Neuberger Berman fixed income manager Julian Marks

Largest underperforming fund was Baillie Gifford Global Discovery

Range of four funds has fixed maturity dates of either December 2026 or 2028

Using FE data, Portfolio Adviser shines a spotlight on the UK equity funds delivering the strongest, most reliable returns over the long term

Given high valuations relative to peers, fund managers give their views on the prospects for US equities over the medium-to-long term

Strong overall performance for fixed income funds

Liam Healy takes up the role from 4 September 2023

Shares in US Solar have fallen 27% over the past 12 months

Will be renamed the Nordea 1 – Global Diversity Engagement Fund

Evenlode’s Global Equity team discusses launching during the pandemic, severing emotion from sell discipline, and why investing in brands is ‘high maintenance’

Fund has positive and negative ‘tilts’, compared to a broad EM index

Eight of the 10 highest-performing funds came from the sector, with Matthews China returning 10.43%

Swetha Ramachandran will co-manage the Artemis Global Select fund

To co-manage the AXA WF Asian Short Duration Bonds and Asian High Yield Bonds funds

Deputy CIO Mark Greenwood is the lead manager

Charge for fund and investment trust trades dropped to £3.99

Shayan Ratnasingam will work across four open-ended funds

Funds that failed include Balanced Managed, Japan and Strategic Income

Concentrated portfolio with a mid-cap focus

Further details of the compensation scheme expected to be announced in September

Three other absolute return funds to close later this year

Several fund managers debate the merits of investing in the ‘Big Five’ lenders amid a busy month for the sector

L&G Artificial Intelligence fund returned 36.25% over the first six months of the year

James Sullivan of Tyndall Investment Management and Sarasin’s Neil Denman discuss the role global equity income funds play in a portfolio and the opportunities on offer

China is down 16.9% so far this year, and accounts for 30% of the MSCI Emerging Markets index

While Quilter and Schroders funds received the most five Crown ratings

Changes come as part of latest rebalance of its portfolios

Polar Capital’s Deane Donnigan tells Portfolio Adviser how she moved from clinical pharmacist to fund manager

Changes signal a more global, multi-manager approach

Jupiter Flexible Macro could be closed if unitholders do not approve merger with Merian Global Strategic Bond

Fund will aim for positive returns irrespective of market conditions

Listed investment companies (LICs) have been around for decades, offering easy diversified exposure for ASX investors. But, do they still offer value in a world of exchange-traded funds (ETF) investing?

Trump warned last weekend that Zelensky will have “some problems – big, big problems” if he “tries to back out of the rare earth deal” amidst reports that the latest version of this agreement is very lopsided. It allegedly compels Ukraine to contribute half of its revenue from all resource projects and related infrastructure into a US-controlled investment fund, […]