The £1.2bn St James’s Place Equity Income trust, managed by RWC’s Nick Purves, has been kicked out of the IMA UK Equity Income sector for failing to meet the minimum yield target.
Investment Week revealed in December the fund was one of several whose yield had fallen below the IMA's minimum yield threshold, putting their place in the sector in jeopardy. Funds must achieve the...
Simon Gergel, manager of the Merchants investment trust, forecasts a much tighter oil market this year and beyond, with a return to higher prices at some point.
The New Year started, as always, with a flurry of forecasts for the next 12 months. But with equity markets having one of their worst starts, a number of commentators have not had to wait as long as usual for some of their forecasts to look a touch optimistic.
To remain as consultant to firm
Ex-pensions minister sounds stern warning
Combined business will have £11.2bn AUM