F&C

A number of global emerging market fund managers have been cutting exposure to the defensive consumer staples sector, as fund buyers warn their positioning has damaged performance.

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Jeremy Tigue's £2.6bn Foreign & Colonial investment trust has moved to satisfy income hungry shareholders after announcing a 19.7% dividend hike for 2012.

Jupiter has been tipped as a likely winner in the asset manager space as the gap between those who receive advice and those who do not widens and pushes more consumers to self-invest.

Investors in some of the UK's worst funds have been urged to dump ten serial underperformers from their portfolios in a study by Chelsea Financial Services.

F&C Investments has introduced a £25 plus VAT annual charge on its Child Trust Fund, which will come into effect from 6 April.

Fund of funds veteran Ken Kinsey-Quick is leaving F&C Investments at the end of March, the group has announced.

F&C has announced several changes to its £2.6bn Foreign & Colonial investment trust, including the creation of two new sub-portfolios.

F&C Investments recorded a £4.9bn outflow in the fourth quarter of 2012, with AUM hit by strategic partner withdrawals and redemptions in its wholesale business.