Fund supermarket Hargreaves Lansdown is continuing to shun investment trusts despite bolstering its research into the sector over the past year.
Hargreaves Lansdown is planning to secure "as good if not better" terms with fund groups on super clean share classes as Standard Life, after the latter announced it had secured preferential deals with 15 fund providers.
Funds with heavy exposure to financials are at the bottom of the IMA China sector over six months, as China's banking reforms caused a savage sell-off in financial stocks.
This week has seen further volatile moves in markets - particularly within fixed income as investors unwind positions in government and emerging debt - while Chinese equities also hit the headlines on fears of a slowdown in the country.
Hargreaves Lansdown has written to clients invested in the Schroder UK Alpha Plus fund, previously run by Richard Buxton, stating the new management team is not of the same 'calibre' as the veteran investor, and provided documents to enable them to switch...
Royal London Asset Management's Martin Cholwill is backing wealth managers to outperform in the financial services space as he looks for stocks set to benefit from ‘survivor bias'.
The Financial Conduct Authority (FCA) has asked Hargreaves Lansdown to share details of its negotiations with fund groups over clean share class pricing.
Some of the UK's largest fund houses are considering launching retail share classes with a 0% AMC rather than provide platforms with ‘super clean' alternatives.
Richard Buxton, who is set to join Old Mutual Global Investors from Schroders next week, has argued there are too many funds in the UK market which are not generating adequate returns.
Royal London Asset Management (RLAM)'s Martin Cholwill has upped his stake in Brewin Dolphin as he backs three wealth managers to survive the post-RDR world.