Four guilty of misleading investors in £1.4m scandal
Four people guilty of misleading vulnerable people into buying £1.4m of worthless shares are set to be sentenced this month following an investigation by the Financial Conduct Authority (FCA).
Author: Kristen McGachey
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Architas gives Woodford the chop
Architas has pulled Neil Woodford’s equity income fund from its multi-asset and multi-manager range, becoming the third fund group to ditch the mega manager in a matter of months.
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UK equity income – the most unloved asset class?
According to Morningstar fund flow data the UK equity income sector was the most unloved sector in October, haemorrhaging more money than other out of vogue sectors like property, UK gilts and absolute return. So, why has the asset class become so passé?
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A third of wealth managers expect market correction
While UK wealth managers are generally positive about the state of investment markets, a large portion are also battening down the hatches in anticipation of a market downturn a study by Legg Mason Global Asset Management has found.
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Franklin Templeton shuts three funds; teases upcoming products
Franklin Templeton has announced it will be shutting three of its Oeic products, while hinting it has other investment offerings in the pipeline.
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Patience running out for Woodford trust as largest holding hit
This week has brought more bad news for Neil Woodford’s Patient Capital Trust, as shares in his largest holding Prothena tanked.
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RBS to launch robo-advice proposition
The Royal Bank of Scotland (RBS) is preparing to launch a robo-advice service for more than five million customers.
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UK’s worst manager shuts up shop
Jayesh Manek will be shutting his flagship growth fund after 20 years, following years of being one of the UK’s worst performing managers.
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Have marmite housebuilders bounced back?
UK housebuilders have come a long way since their lows post-EU referendum, but is the sector stable enough to ride the wave of higher inflation and continued political uncertainty?
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Analysis: ‘You’re hired’: does Trump’s Fed pick matter?
US president Donald Trump may be touting his pick for Federal Reserve chair as an “anxiously awaited” event, but how are investors preparing for Thursday’s big reveal?
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SJP adds Japan fund amid sharp inflow uptick
St James’s Place confirmed it is preparing to launch two funds this November, as it reported net inflows totalled more than £2bn in the third quarter.
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Kames heads west to America
Kames Capital is heading out west to the US, offering American investors access to two global equity strategies.