Gold and resources funds continued to struggle in the first quarter of 2013, as investors remained in risk-on mode and opted for equities over safe havens such as the precious metal.
Ani Markova, co-manager of the Smith & Williamson Global Gold and Resources fund, has warned investors the gold may take some time to break out of its current trading range.
Smith & Williamson Investment Management has appointed Mickey Morrissey as head of UK IFA sales in a push to grow its discretionary fund management service.
Smith & Williamson Investment Management is to add to its fixed income range with a Medium-Dated Corporate Bond fund for Ian Kenny.
Smith & Williamson Investment Management has promoted Robert Royle to co-manager of the group's £82m North American trust, alongside Lady Tana Focke.
Smith & Williamson Investment Management is the latest group to add institutional share classes to its entire pooled funds range in preparation for RDR.