F&C

F&C Asset Management has reported a £8.7m after tax loss for the first six months of the year, with strong currency movements contributing to a £10.3bn fall in AUM.

The F&C multi-manager team has sold its position in First State's Asia Pacific Leaders and switched into the Veritas Asian fund.

What sets investment trusts apart from their open-ended peers?

Standard & Poor's Fund Research has awarded a new ‘A' rating to F&C's Stewardship Income and Stewardship Growth funds, despite manager Catherine Stanley only taking over the portfolios in June.

Twelve leading fund groups are working together to support the launch of a multi-manager fund which allows investors to donate a proportion of the annual management charge to The Prince's Trust.

After a strong performance from most equity markets since the lows of March 2009, it is reasonable to expect a degree of consolidation in the short term.

F&C Asset Management has appointed Jacob de Wit, head of fixed income, and Richard Wilson, head of equities, to the group's executive committee, following the company's demerger last week.

Being a shareholder in a listed company, including an investment trust, is not just about the potential returns. Investors have responsibilities, such as voting rights, that should be considered carefully

Friends Provident completed the demerger of F&C Asset Management today (Friday 3 July) with its controlling stake in the firm distributed to all Friends' shareholders.

London markets opened higher this morning, regaining some of Thursday's lost ground, with the FTSE 100 up 12.32 points (0.29%) to 4,246.59.