US equity fund managers pin hopes on Trump
US equity fund managers believe the S&P 500 can continue to add to a 26% rise over the past year. But barring good news to come out of Washington, there is little to cheer about for expensive US equities.
US equity fund managers believe the S&P 500 can continue to add to a 26% rise over the past year. But barring good news to come out of Washington, there is little to cheer about for expensive US equities.
Schroders’ Cazenove Capital has appointed a UK chief executive, while Legg Mason has named a head of UK sales. Investec Asset Management has raided Threadneedle for a portfolio manager for its UK smaller companies fund.
Columbia Threadneedle Investments is expanding its US equity fund range with the launch of the Threadneedle (Lux) US Disciplined Core Equities Fund in its Luxembourg Sicav.
Senior appointments were the name of the game this week with Sarasin & Partners appointing a head of distribution, Natixis Global Asset Management replacing its chief executive, and newly rebranded Tilney Group hiring a chief investment officer.
The confusion and capitulation that have come with the UK’s vote to leave the EU have and will continue to create opportunities within the UK equity space, argues Columbia Threadneedle’s UK team.
Columbia Threadneedle Investments will launch an offshore version of its UK equity income fund.
Tilney Bestinvest’s “Spot the Dog” report names M&G Investments as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds’.
The Bank of England has chosen to keep its powder dry by backing off from the interest rate cut that had been hinted at, but is this a U-turn or just minor detour?
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
Henderson Global Investors and Columbia Threadneedle have announced they have suspended all trading in their respective UK property authorised investment funds (Paifs) and feeder funds, the firms said on Wednesday.
If the UK leaves the European single market following the Brexit vote, the country risks losing its financial passporting rights.
Columbia Threadneedle Investments is looking to beef up its presence in Luxembourg prior to the UK leaving the European Union.