News

Neil Woodford has increased the number of unlisted stocks held within the £3.4bn Woodford Equity Income fund to ten after initiating four new investments last month.

Platforms saw the rate of assets under administration (AUA) growth jump by almost a fifth in the third quarter of 2014, according to research from Fundscape.

New rules have been announced by the Financial Stability Board (FSB) that propose preventing large banks from being bailed out by the taxpayer.

Platforms are stepping up their white-label investment offerings to advisory firms as an increasing number of orphaned clients presents a challenge ahead of the 2016 legacy commission ban.

Fewer than 20% of actively managed US large cap equity funds assessed by Bank of America Merrill Lynch (BofA ML) have outperformed their benchmarks so far this year, the lowest level in a decade.

Stocks in Shanghai and Hong Kong have rallied after authorities confirmed the trading link between the two cities' exchanges is to open next week.

The US economy added 214,000 jobs last month, less than forecast by economists but widely viewed as a sign of a continuing recovery.

Investment Week sister title Professional Adviser has obtained the latest list of advice firms being pursued as lead defendants by the Financial Services Compensation Scheme (FSCS) in relation to Keydata sales.

Old Mutual Global Investors is to introduce a fixed ongoing charges figure (OCF) across its fund range next year, and will also implement a volume discount for its largest funds.

Markets may have been volatile as autumn approached, but the Smith & Williamson Enterprise fund has returned more than 3% over the three months to 3 November 2014, and beaten peers in the Targeted Absolute Return sector.