Fund Strategy
5 October 2009

  • Asset price bubble risk in Asia, says IMF report

    5 Oct 2009

    An asset price bubble could be developing in Asia according to a key report from the International Monetary Fund (IMF).

  • Axa offers advice in white paper publication

    5 Oct 2009

    Axa Wealth has published a white paper calling for the number of investment funds available to be cut by one-third. The paper, entitled Wealth management – from recession to recovery sets out a range of recommendations designed to ensure the market is better placed to cope with future recessions.

  • Axa plans to merge another two funds

    5 Oct 2009

    Axa Investment Managers is proposing to merge the £39m Axa UK Opportunities fund into the £114m Axa Framlington UK Growth fund.

  • Barclays launches Defined Returns plan

    7 Oct 2009

    Barclays Wealth is reissuing its Defined Returns Plan Capital Protected (DRP CP) this week, with the addition of a new six-year option.

  • Becket backs property for PSigma

    5 Oct 2009

    Tom Becket has taken PSigma back into commercial property for the first time in two and a half years as he positions his Balanced Managed fund to meet rising inflation over the months ahead.

  • Blue Sky launches absolute return product

    6 Oct 2009

    Blue Sky Asset Management has developed an absolute return structured product linked to the performance of the FTSE 100.

  • Bootle predicts stable rates for years

    7 Oct 2009

    Roger Bootle, the managing director of Capital Economics, forecasts that interest rates in Britain will remain at their current level for the next five years.

  • Bootle slams fund managers

    5 Oct 2009

    From a sneak preview of his new book I see Roger Bootle takes a sceptical line towards fund managers and financial advisers.

  • Bootle upbeat on commercial property

    7 Oct 2009

    Today's Fund Strategy Investment Summit kicked off with Roger Bootle, the managing director at Capital Economics, throwing his weight behind commercial property.

  • Boutique gets the better of the bears

    5 Oct 2009

    Despite the bear market, JOHCM is enjoying “the best year it has ever seen”. It is seen as a firm that succeeds by allowing its managers’ flair and skill to flourish, writes Stefanie Eschenbacher.

  • British GDP figures 'disappointing', says institute

    7 Oct 2009

    Britain is unlikely to have moved out of recession during the third quarter, according to the National Institute of Economic and Social Research (NIESR).

  • British interest rates held at 0.5%

    8 Oct 2009

    The Bank of England has held interest rates at the record low of 0.5% for the seventh consecutive month.

  • Campbell Fleming set to join Threadneedle

    8 Oct 2009

    Campbell Fleming, the head of JP Morgan Asset Management’s (JPMAM) British business, will join Threadneedle in November. Fleming, who declined to comment directly on the move, will leave JPMAM at the end of October. JPMAM has promoted Roger Thompson to head its British business in response.

  • City of London’s bumpy ride on banks

    5 Oct 2009

    The City of London trust has seen some changes after a challenging year for income-seekers. Its manager, Job Curtis, has had some difficult calls to make, especially within the banking sector.

  • Demand for cash products hits 18-month low

    5 Oct 2009

    Demand for cash and money market funds has dropped to an 18-month low as investors move back into equities, according to third-quarter sales figures from Skandia’s fund platform.

  • Demand for cash products hits an 18-month low

    5 Oct 2009

    Demand for cash and money market funds has dropped to an 18-month low as investors move back into equities, according to third-quarter sales figures from Skandia’s fund platform.

  • Disaster averted but too early to celebrate yet, says IMF

    5 Oct 2009

    The International Monetary Fund (IMF) announced an upgrade to its projections of global growth last week, but said governments would be wrong to start celebrating.

  • ECB leaves rates unchanged

    8 Oct 2009

    The Governing Council of the European Central Bank (ECB) has announced it will keep interest rates on hold following its meeting today.

  • Erring on the side of maturity

    6 Oct 2009

    In investment terms the opposite to a developing market is defined as developed market. However, Neptune has decided to help investors one stage further with the launch of its new fund.

  • Fund Managers Diary

    5 Oct 2009

    William Grey is an investment manager at the Wine Investment fund. His diary runs from September 14-20.

  • Hansteen converts into a Reit

    6 Oct 2009

    Hansteen Holdings, a property company, will convert to a British Real Estate Investment Trust (Reit), the firm announced today.

  • Henderson adds to sales team

    5 Oct 2009

    Henderson has hired Simon Hillenbrand, Greg Jones and James Bowers to strengthen its distribution capabilities in both Britain and continental Europe.

  • HSBC launches eurozone ETF

    5 Oct 2009

    HSBC is to launch a eurozone equity exchange traded fund (ETF) which is designed to replicate the performance of the Dow Jones Eurostoxx 50 index.

  • IMF 'cautiously optimistic' on sub-Saharan Africa

    5 Oct 2009

    The International Monetary Fund (IMF) is cautiously optimistic on the outlook for sub-Saharan Africa despite the financial crisis driving growth in the region down to 1%.

  • Investors shun UK equity funds in August

    5 Oct 2009

    The UK Equity Income sector was the worst selling sector in August, seeing net retail outflows of £25.8m, according to the latest statistics from the Investment Management Association (IMA).

  • Is this a killer team in the making?

    5 Oct 2009

    Henderson’s takeover of New Star brought together two titans of the fund of funds industry. If the group manages to exploit their skills to the full, the results for investors could be excellent.

  • Japanese confidence rises but exports fall

    8 Oct 2009

    Confidence in the Japanese service sector rose to 43.1 in September, according to the monthly Economy Watchers Index , released by the Cabinet Office today.

  • JOHCM seeking team for new funds

    5 Oct 2009

    JO Hambro Capital Management (JOHCM) is in discussions with ­several high-profile emerging markets and European managers to manage two proposed funds.

  • JOHCM seeking team for new funds

    5 Oct 2009

    JO Hambro Capital Management (JOHCM) is in discussions with ­several high-profile emerging markets and European managers to manage two proposed funds.

  • Lees shifts exposure in F&C UK Equity revamp

    5 Oct 2009

    Peter Lees has restructured the port­folio of the F&C UK Equity fund since assuming its management in September last year. In June Catherine Stanley’s £35m UK Dynamic fund was merged into the £70m fund and its previous holdings now account for only 3% of the newly combined portfolio.

  • Lees shifts exposure in F&C UK Equity revamp

    5 Oct 2009

    Peter Lees has restructured the port­folio of the F&C UK Equity fund since assuming its management in September last year. In June Catherine Stanley’s £35m UK Dynamic fund was merged into the £70m fund and its previous holdings now account for only 3% of the newly combined portfolio.

  • Lesson of Lehman: view the big picture

    5 Oct 2009

    For several years it was possible for investors to focus on specific questions such as the qualities of particular funds or the valuations of individual stocks. Such days are unlikely to return.

  • Manager focus: Anup Maheshwari

    6 Oct 2009

    Anup Maheshwari, a fund adviser at DSP BlackRock, needs only one picture to illustrate the drivers of India’s growth: a snapshot of the Mumbai Suburban Railway station in the early morning hours.

  • Manager focus: Julius Lipner

    8 Oct 2009

    Aviva's latest recruit, Julius Lipner, has outlined the investment process he is using on the group’s recently-launched UK Absolute Return fund.

  • Marching towards renewed growth?

    5 Oct 2009

    China is experiencing a far stronger recovery than the still troubled economies of the West. But despite the apparent success of China’s stimulus measures and new bank lending, some wonder whether growth will slip back when these measures are reversed. Jack Mulchand reports from Hong Kong.

  • Money market funds see large outflows

    5 Oct 2009

    Bond funds and emerging market equity funds benefited most from money market sector outflows in the third quarter, according to research from EPFR Global.

  • Neptune launches Mature Markets fund

    5 Oct 2009

    Neptune Investment Management has soft-launched a Mature Markets fund for Robin Geffen.

  • Omam plans Irish-domiciled global bond fund for Cowley

    5 Oct 2009

    Old Mutual Asset Managers (Omam) plans to launch an Irish-domiciled Global Bond fund for Stewart Cowley, the head of fixed income at the group.

  • Performance fee debate gains pace

    5 Oct 2009

    Six funds in the AFI indices are among the steadily rising number that use performance fees, but some panellists are far from convinced that such charges are appropriate on retail portfolios.

  • Popular stock BAE systems faces corruption allegations

    5 Oct 2009

    In recent months BAE Systems has been a popular recession-busting stock among fund managers attracted to its lucrative contracts and visible earnings stream.

  • Property portfolio targets over-60s

    5 Oct 2009

    Close Asset Management launched a new closed-ended fund last week investing in residential property. The Residential Growth Partnership will invest in English residential property, aiming to produce a return of 8% a year over five years.

  • Property portfolio targets over-60s

    5 Oct 2009

    Close Asset Management launched a new closed-ended fund last week investing in residential property. The Residential Growth Partnership will invest in English residential property, aiming to produce a return of 8% a year over five years.

  • Recovery may gain own momentum

    5 Oct 2009

    Many have become more optimistic on the outlook for growth but some questions remain about sustainability. However, history suggests that upturns normally develop their own momentum.

  • Sachs attacks

    7 Oct 2009

    Jeffrey Sachs, perhaps the world’s most prominent development economist, has joined those blaming Alan Greenspan for the financial crisis.

  • SCAM

    5 Oct 2009

    The chairman is shocked by a boorish journalist who disrupts a lunch at which emerging markets are being discussed, and is enlightened on the health risks to dogs chasing sticks.

  • Shah succeeds in up and down markets

    8 Oct 2009

    Standard & Poor's Fund Services yesterday said only one manager in the UK Growth sector was able to achieve first quartile performance in both 2008 and 2009.

  • Shareholders told to liquidate trust

    6 Oct 2009

    Invesco Perpetual has outlined further details about the proposed wind up on its European Absolute Return investment trust on October 30, including shareholders’ options for rollover.

  • Steering clear of the inflation trap

    5 Oct 2009

    Investors are generally concerned about rising prices and seek to protect their investments. But with gold prices volatile and index-linked bonds expensive, how do they hedge against inflation?

  • Taiwanese exports fall 12.7%

    7 Oct 2009

    Taiwanese exports fell 12.7% in September compared with the same month last year, according to figures released by the Ministry of Finance today.

  • Taking a dispassionate approach to stockpicking

    5 Oct 2009

    Barry Norris, the manager of Argonaut European Alpha and European Absolute Return, talks to Neal Underwood.

  • Threadneedle appoints American head

    6 Oct 2009

    Kris Haber will join Threadneedle from Lazard later this year to lead the group’s American business.

  • Threadneedle launches Sicav product platform

    5 Oct 2009

    Threadneedle has launched the Threadneedle (Lux) Sicav platform, following the completion of the integration and restructuring of the World Express investment funds business, acquired in May 2009.

  • Tough challenges ahead for Europe

    8 Oct 2009

    European governments face tough challenges over the next three to five years to resolve imbalances in the region, says Iain Begg, a professorial research fellow at the London School of Economics.

  • Witan Pacific returns 27.6%

    7 Oct 2009

    The Witan Pacific investment trust returned 27.6% (on a dividends reinvested basis) over the six months to July 31, 2009, beating its benchmark return of 18.8%, it was announced today.

  • Yarrow launches UK Equity Income fund

    6 Oct 2009

    Wise Investment has announced the launch of the Evenlode Income fund, a UK equity income fund to be managed by Hugh Yarrow, a former Rathbones manager.

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