Morningstar

Morningstar has launched a stinging attack on the closed-ended funds industry, arguing the sector will not be able to compete with OEICs until it releases full holdings data on a regular basis.

J.P. Morgan has altered the investment process on its £533m Cautious Total Return fund, handing some of the stock selection decisions to JPM's specialist teams.

Leading asset managers are calling for drastic changes to the way the IMA operates, with some arguing the trade body should no longer be responsible for sector names or definitions.

More than a year on from the devastating Tohoku earthquake which struck Japan, investors are continuing to eye Japanese equity funds with caution.

Two top Japan equity managers are at odds over the country's prospects, with one declaring the "years of hurt are over" while the other forecasts "fiscal destruction".

Alliance Trust Investments has poached SWIP bond manager Juan Valenzuela to head up a new fixed income fund.

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.

The managers of the £98m Melchior North American Opportunities fund have reversed out of defensive names into more economically sensitive sectors, following the string of positive economic data that has emerged from the US in recent months.