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Market news

Britton adds six ETFs to T Bailey Growth By Fund Strategy  21-Sep-2009 05:00 PM
Jason Britton, the manager of the T Bailey Growth fund, has added six exchange traded funds (ETFs) to the portfolio over the past year.

ABI announces new money market sector By Fund Strategy  26-Aug-2009 05:00 PM
The Association of British Insurers (ABI) has announced it will create a Deposit & Treasury sector.

World Bank glum on global economy By Fund Strategy  23-Jun-2009 12:20 PM
The latest World Bank analysis of the global economy dashes hopes of a global rebound any time soon.

Skandia rejigs Global Dynamic Equity weightings By Fund Strategy  18-Jun-2009 05:00 PM
Skandia Investment Group (SIG) has altered the asset allocation of its Global Dynamic Equity fund.

Armstrong Investment Management comes to market By Fund Strategy  16-Jun-2009 05:00 PM
Patrick Armstrong and Ana Cukic Armstrong, formerly co-heads of Insight's multi-asset desk, have launched their own firm.

Nimrod trust will focus on gold price anomalies By Fund Strategy  15-Jun-2009 12:00 PM
Nimrod Capital plans to launch a closed-ended fund investing in smaller gold stocks and mining shares.

Aberdeen plans to merge away two CSAM funds By Fund Strategy  01-Jun-2009 12:00 PM
Aberdeen plans to merge two Credit Suisse Asset Management (CSAM) funds into its own vehicles as its takeover of the firm nears completion.

Fortis goes long in emerging debt By Fund Strategy  22-May-2009 10:00 AM
Fortis Investments has taken a long position in local currency emerging markets debt. Joost van Leenders, an investment specialist at Fortis Investments, expects this move to capture the carry trade in these currencies.

Julius Baer to separate asset management arm By Fund Strategy  20-May-2009 06:00 PM
Julius Baer is to spin off its asset management businesses into an independent company, it announced this morning.

Miton fund loses AA rating By Fund Strategy  01-May-2009 10:00 AM
Old Broad Street Research (OBSR) has withdrawn the AA rating from the CF Miton Cautious Income fund.

Privalto launches tracker By Fund Strategy  30-Apr-2009 05:00 PM
BNP Paribas Privalto UK will tomorrow launch a fund that will track its own Millenium Index.

Cofunds makes first profit By Fund Strategy  29-Apr-2009 05:00 PM
Cofunds had its first profitable year in 2008, when many companies in the financial sector reported huge losses.

IMA ponders change in Money Market definition By Fund Strategy  13-Apr-2009 12:00 PM
The Investment Management Association (IMA) is considering changing the definition of the Money Market sector.

IMA may redefine Money Market sector By Fund Strategy  06-Apr-2009 05:00 PM
The Investment Management Association (IMA) is considering changing the definition of the Money Market sector.

Manager focus: Laurence Taylor By Fund Strategy  06-Apr-2009 12:00 PM
The day the Global Large Cap Equity fund was launched, the Vix volatility index hit an all-time high of 80, Laurence Taylor, a portfolio specialist at T Rowe Price, recalls.

Downgrades and upgrades from OBSR By Fund Strategy  03-Apr-2009 05:00 PM
Old Broad Street Research (OBSR) has downgraded the ratings of the UBS UK Smaller Companies and Old Mutual Extra Income funds.

cru appoints investor committee By Fund Strategy  02-Apr-2009 05:00 PM
cru Investment Management has announced that eight individuals have agreed to sit on the Arch cru investor committee.

Lyxor lists gold exchange traded note By Fund Strategy  23-Mar-2009 05:00 PM
Lyxor, the Societe Generale-owned exchange traded fund (ETF) provider, has entered the exchange traded note (ETN) market with the listing of a gold tracker.

Crosby closes more funds By Fund Strategy  20-Mar-2009 12:00 AM
Crosby Asset Management (CAM) is closing the last of the funds it acquired after its takeover of Forsyth Partners after heavy losses for the business in 2008.In the year-end

WH Ireland backs away from Blue Oar merger By Fund Strategy  19-Mar-2009 10:00 AM
WH Ireland has confirmed that its takeover talks with Blue Oar have dissolved.

Manager focus: Graham Ashby By Fund Strategy  19-Mar-2009 08:00 AM
Graham Ashby, the manager of the Credit Suisse income range, has been adding to his covered call positions in anticipation of a pause in the market rally.

Fixed interest maintains sales dominance By Fund Strategy  18-Mar-2009 08:00 AM
Bond funds continue to dominate sales on the Cofunds platform, according to figures for February.

Collins Stewart posts £58m loss By Fund Strategy  17-Mar-2009 08:00 AM
Collins Stewart has posted revenue losses of £58.2m in its preliminary results for 2008, but says its wealth management business is proving resilient.

Woodford bearish on recovery By Fund Strategy  17-Mar-2009 08:00 AM
Invesco Perpetual's Neil Woodford has warned that Britain and America will not see sustained economic recovery or growth for at least three to four years.

Hargreaves investors deserting cash By Fund Strategy  17-Mar-2009 08:00 AM
Money flowing out of cash Isas on Hargreaves Lansdown's Vantage platform has increased threefold over the past few months, despite the looming end of the tax year.

Barclays puts iShares up for sale By Fund Strategy  16-Mar-2009 08:00 AM
Barclays Group has confirmed that it is in talks with interested parties over a possible sale of iShares, its exchange trade funds (ETFs) business.

IMA sets out funds in new sector By Fund Strategy  06-Mar-2009 08:00 AM
The Investment Management Association (IMA) has revealed the list of funds in its UK Equity Income and Growth sector.

Aviva loses £1.3 billion By Fund Strategy  05-Mar-2009 06:00 PM
Aviva, the international insurance giant, made a pre-tax loss of £1.3 billion in 2008.

Allianz profits down by 31.6% By Fund Strategy  05-Mar-2009 12:00 PM
After years of double-digit growth, Allianz Global Investors’ operating profit declined by 31.6% to €960m (£853m) in 2008. Net income declined by 21.5% to €369m.

Advisers shun equities By Fund Strategy  04-Mar-2009 08:00 AM
Advisers have turned their back on all equity sectors and are only recommending investments into bonds, according to the Virgin Money Investor Intentions Index.

 

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