Managed funds

Global macro funds could receive a performance boost following a difficult year, as divergent central bank policies create a favourable environment for top-down investing, according to GAM's Charles Hepworth.

Fidelity has proposed an overhaul of conventional methods of comparing tracker funds' performance, saying simply looking at tracking errors can produce 'illusory' results.

Multi-asset

The managers of the Ruffer investment company have cut their US dollar exposure further, even as the currency looks set for its best quarter in over 20 years.

The Investment Association's plans to reorganise the Unclassified sector may lead to advisers reaching "dubious conclusions" on funds, according to Old Mutual Global Investors' John Ventre.

Threadneedle is to merge its multi-manager range into funds run by Seven Investment Management (7IM), with two managers set to move across as part of the deal, Investment Week can reveal.

Distribution Technology (DT), the risk-profiling tool provider, has launched a fund risk-targeting service.

Miton has overhauled part of its multi-asset range, changing the investment objective of one of its flagship portfolios as it rebrands two funds.

Architas is launching a global multi-asset fund for CIO Caspar Rock as demand for income-generating products continues to grow.

Invesco Perpetual has boosted its Global Targeted Returns team as assets in the UK-based strategy top £1bn, 18 months after launch.