Funds

ITs

Exchange-traded products gathered net new assets of $67.3bn during the first quarter of 2012, making it the best start to the year ever for the industry.

Andrew Bell, chief executive of the £1.1bn Witan investment trust, has joined the chorus of disgruntled shareholders who are demanding radical change at private equity firm 3i.

Aberdeen Asset Management CEO Martin Gilbert said he wants to oust Katherine Garrett-Cox as chief executive of the £2.1bn Alliance Trust.

Fidelity FundsNetwork has become the first supermarket to launch an unbundled pricing model.

JO Hambro Capital Management (JOHCM) is to launch a Global Opportunities fund for Ben Leyland, manager on the top-performing UK Opportunities fund, by the end of Q2.

ITs

PHYSICAL ETFs

High-net-worth clients on the hunt for tax efficient savings vehicles following the Budget clampdown on maximum investment plans (MIPs) are likely to turn to enterprise investment schemes (EIS) and venture capital trusts (VCTs), the Prudential has predicted....

Tom McGrath and Ian Willings of Apollo Multi Asset Management outline five unknown and unloved alternative ideas to make money against a tough market backdrop.