Rathbones Unit Trust Management has selected five US equity funds that can add value at a time when many managers are struggling to outperform the S&P 500 index.
Tom Walker has handed over management of the Martin Currie North American fund to his co-manager Penny Kyle.
M&G has appointed Daniel White as manager of the £120m M&G North American Value fund, replacing Richard Brody.
US-based Janus Capital has replaced the manager of its US Twenty fund Ron Sachs, who will exit the group this month.
Alliance Trust Investments is to close its North American and European equity funds, as the group completes the second stage of a strategic review.
Research shows us that over the long term, dividend paying stocks tend to outperform non-dividend payers and do so with less risk. Over the last 30 years, the index of equal-weighted, dividend paying S&P companies returned +8.7% annualised versus +1.5%...
The BlackRock North American Income trust has raised £65m in its initial offer period and plans to issue further equity in the near future, after undershooting its £100m target.