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Fund managers have warned of short-term volatility following Italy's vote against constitutional reform in this weekend's referendum, which they say could "exert a baleful influence" on the country's struggling banking sector.
Adviser due-diligence is critical
Just over £6.5m raised for new venture
Will allow more access to European ABS
By Esther Armstrong, BNY Mellon Investment Management EMEA Limited
By BNY Mellon IM EMEA
By Esther Armstrong, BNY Mellon Investment Management
By Geoff Spiteri, BNY Mellon Investment Management
Investors want short duration
Querns Asset Managers has appointed small-cap specialist Downing as the investment manager of the Monthly Income fund, to work alongside current manager Stephen Whittaker.