Funds

BlackRock's Justin Christofel has been increasing his exposure to bond ETFs in order to minimise fixed income liquidity risk in the £1.2bn Global Multi-Asset Income fund.

After several years of strong growth, Hargreaves Lansdown has reported a drop in pre-tax profits for the last six months of 2014 as the impact of clean pricing offset a further rise in assets.

Alliance Trust's head of equities, Peter Michaelis, said an increased focus on sustainability has driven a number of significant changes to the group's £2.5bn flagship global trust over recent months.

Twenty years of change and innovation

J.P. Morgan Asset Management is launching an onshore version of its Luxembourg-domiciled Global Bond Opportunities fund.

Novia Global is to launch an offshore version of its platform to allow expats greater access to DFMs and offshore funds.

Standard Life Wrap has partnered with eight discretionary firms in a bid to enhance the service it offers advisers facing up to pension freedom challenges.

The board of the Pacific Assets trust, managed by First State's Asia team, will scrap its performance fee, following the lead of a number of other vehicles in the closed-ended space.

The proliferation and popularity of exchange traded funds (ETFs) is set to continue, with asset growth forecast to reach $50trn by 2020, a report suggests.

By investing only in the largest trusts, investors are ignoring a plethora of funds offering a combination of value and scope for narrowing discounts, says Nick Greenwood, manager of the CF Miton Worldwide Growth investment trust