Funds

This year could see a resurgence in the issuance of zero dividend preference shares (ZDPs) following the success of recent issues, F&C says.

Investec Structured Products has raised £3.8m for its first VCT launch.

The Pacific Assets Trust has dropped F&C as its manager, handing the mandate to Angus Tulloch's First State Asia Pacific/Global Emerging Markets team.

INVESTMENT TRUSTS

F&C's Jeremy Tigue has moved his short-term borrowings from sterling into yen to benefit from an anticipated strengthening of the pound.

Octopus VCT has raised more money than any other individual VCT in the most recent tax year, according to figures from the Association of Investment Companies (AIC).

Allianz RCM's Walter Price is building positions in the service and cloud computing sector, in the view new companies in the sector have a competitive advantage.

Markit, the financial information services group and index provider, has created the ETF Encyclopedia, offering information on exchange-traded products (ETPs) around the world.

Aberdeen Asset Management has almost finished transforming listed portfolio Bramdean Alternatives from a hybrid multi-asset class vehicle to one focusing solely on private equity funds.

Wealth manager Smith & Williamson has lambasted investment trusts with no formal process to control their discount.