Alliance Trust Investments has poached SWIP bond manager Juan Valenzuela to head up a new fixed income fund.
Tineke Frikkee, portfolio manager of the Newton Higher Income fund, explains why the debate between UK and global equity income is past its sell by date.
Despite its roots across the Atlantic, Franklin Templeton is best known in the UK as an emerging markets specialist and, since its acquisition of Rensburg, for its UK equity capabilities.
The IMA's review of the Absolute Return sector may end up dividing it into three sub-sectors, according to Gordon Davidson, chair of the IMA Sector Committee.
The IMA is consulting its members over changes to the fixed income sectors, including limiting exposure to asset backed securities and reviewing the classification of short-term bonds as cash.
Franklin Templeton is launching an Africa fund for veteran investor Mark Mobius, making it the latest fund group to test investor appetite for the world's second-largest continent.
RWC Partners is urging the IMA to look at the Morningstar categories when the body decides how to revamp the Absolute Return sector later this year.
The IMA sector committee carrying out the review into the Absolute Return sector is divided over whether to change the sector's name, Investment Week understands.