The departure of star managers may have hidden costs for investors "stampeding" for the exit, a wealth manager has warned.
Friends Life was the biggest riser in the FTSE 100 index this morning, while Aviva was the largest faller after plans for a merger between the two companies were announced on Friday.
Mining stocks weighed on the FTSE 100 index on Thursday, as the latest economic data pointed to a slowdown in China and the eurozone.
Multi-asset managers are reducing their UK equity positions on fears next May's general election could hit sterling and weigh on valuations.
The Tenax Absolute Return Strategies fund, run by Church House Investment Management, was launched just before the financial crisis of 2008, but it has held up well during the subsequent market sell-offs because of its cautious approach.
‘Property is our favourite asset class of 2014’
Marlborough's Richard Hallett has pointed to retailers ASOS and Tesco, two of the worst performing UK-listed stocks this year, as potential turnaround stories.
The sudden market falls seen in the six weeks to mid-October took many by surprise. Here we identify ten equity funds in the Targeted Absolute Return sector which produced positive performance over the period.
The share price of Standard Chartered plummeted this morning after the bank announced a 16% drop in operating profit in the third quarter.