Alternatives
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Coutts partners with JP Morgan to launch alternatives fund
Coutts Diversifying Alternatives Multi-Manager fund aims to generate returns with low sensitivity to traditional markets
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L&G UK Property shareholders back switch to hybrid model
Change of investment approach will see the fund invest up to 45% in global Reits
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Peel Hunt: Rate cuts a catalyst for alternatives trust discounts to narrow
‘The reality is that the first leg of discount narrowing is likely to be reliant on that one factor’
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Orbis and Schroder funds added to Scopic Multi Asset Research Service
Orbis OEIC Global Cautious fund and the Schroder Global Multi Asset Portfolio
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ARC: CIO sentiment to risk assets turns positive
Survey of 100 CIOs finds Japan, healthcare and gold received the most positive sentiment shift
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Supermarket Income Reit extends credit facility to £104.5m
Deal with Japanese bank Sumitomo Mitsui increased by £37.5m
Equities
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Morningstar downgrades Trojan Income fund rating
Manager research team has revised the strategy’s rating to ‘neutral’ from ‘positive’
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Newton IM’s John Bailer: The market’s new regime
Newton IM’s John Bailer on the ‘last gasp’ of growth stocks and where the market heads in a new regime
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CT Fund Watch: IA Japan houses the most consistently performing funds in first quarter
Overall number of funds with top-quartile returns over three consecutive 12-month periods falls marginally in Q1
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AJ Bell: Six companies that could IPO in London this year
UK IPOs have seen a 16.4% average return so far this year versus a 2.5% gain from the FTSE All-Share index
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CCLA’s Charlotte Ryland and Joseph Hawkes hop on the Trane over Tesla
Ryland and Hawkes discuss the industrial sector’s role in energy efficiency
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EFG’s Afzal: Highly-concentrated US market is broadening
EFG Asset Management CIO discusses concentration risk and the US equity market in election year
Fixed Income
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Macro matters: What does the future hold for money markets?
As central banks gear up to begin cutting interest rates, commentators discuss what’s in store for money markets
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Fixed income: Look before you leap
Should fixed income investors shun a ‘buy the market’ approach in favour of selective and targeted regional and credit selection?
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Fixed-term bond funds double net inflows and launch 284 new funds in 2023
Sector brought in €60bn in net flows
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Square Mile: Baillie Gifford and Fidelity fund ‘A’ ratings removed
While CT Global Social Bond has been inducted into the Academy of Funds for the first time
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IA fund universe suffers £2.7bn net outflows in February
All major asset classes suffered a second consecutive month of net withdrawals
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Calastone: UK investors ditch home market for US equities at record rate
Net inflows to North American funds were higher over the last four months than in the previous nine years combined
Investment Trusts
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European Assets Trust names lead manager
Mine Tezgul, CT head of European small cap equities, succeeds Sam Cosh
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Lipper Funds study: The highest yielding equity trusts
There are 32 trusts investing in equities with yields above 4%
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House of Lords criticises FCA’s application of cost disclosure rules for investment trusts
Financial Services Regulation Committee said retained MIFID and PRIIPS rules has cost the UK an estimated £7bn
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Racing Gebrselassie to running a biotech trust: Branching Out with IBT’s Marek Poszepczynski
International Biotechnology Trust manager recalls his sporting career and the experiences that shaped him as an investor
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Aberforth to launch new investment trust
It aims to deliver high levels of income by investing in UK smaller companies
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Stifel: Concord Music ‘calls Blackstone’s bluff’ over call option
Analysts said the bid may test the strength of HSM’s call option
Multi Asset
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Nearly all advisers expect their use of DFMs to increase
Consumer Duty playing a role in driving the trend
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Orbis and Schroder funds added to Scopic Multi Asset Research Service
Orbis OEIC Global Cautious fund and the Schroder Global Multi Asset Portfolio
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Andrew Bell retires from Witan triggering management review
The £1.5bn trust will review its multi-manager strategy as Bell leaves after 14 years as CEO
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Invesco launches discretionary model portfolio service
Range of six investment portfolios across different risk levels
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Columbia Threadneedle Fund Watch: 39 funds achieve top-quartile gains over three years
33 more top-performing funds than in Q4 2022
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October’s top-performing funds: Equities struggle while bonds find their footing
Gold achieved strong returns as sustainability funds struggled
ESG
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FCA releases proposals to expand SDR to wealth managers
The regulator has made adjustments to requirements for portfolio management services following industry feedback
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Industry welcomes FCA’s anti-greenwashing guidance but will need to ‘rush’ to meet 31 May deadline
Some firms were hoping for a longer transition period, commentators say
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Morningstar: ‘Unstoppable rise’ of passive climate funds
The report notes passives’ popularity and flows into fixed income and transition strategies
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Nordea AM liquidates social bond fund 16 months after launch
Due to ‘muted demand’ for the single-themed strategy
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Robeco to launch range of transition investing strategies
Financing companies that make progress in sustainable development
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BNP Paribas launches energy opportunities fund
To address the key ‘meta’ investment themes of the future