News

Low liquidity, US monetary policy risk and steep valuations in India are the reasons why over 20% of the Fundsmith Emerging Equities trust remains uninvested almost a year after launch, according to manager Terry Smith.

HMRC has widened the range of investments available through ISAs to include peer-to-peer lending trusts.

Crux Asset Management, the recently-launched boutique set up by European equity manager Richard Pease, has hired another former New Star and Henderson colleague Karen Zachary as chief operating officer.

The FTSE 100 has fallen to a five-month low in early trading as investors continue to worry about the resolution of latest Greek debt talks.

The month of May marked the end of the UK's brief spell of negative inflation, as rising fuel costs have pushed the CPI figure above the zero mark once again.

Aberdeen Asset Management has set aside $500m in credit lines to fund potential redemptions from their funds if the bond market sell-off escalates.

UK equity income managers have been utilising more of their overseas investment budgets as they struggle to find suitable opportunities in the UK.

The London Stock Exchange and Hong Kong's Securities and Futures Commission have reached a deal allowing Hong Kong investors easier and cheaper access to UK-quoted companies than ever before.

Investors pulled an estimated £1.5bn from Richard Woolnough's M&G Optimal Income fund in April and May as bond market volatility brought a sudden end to the portfolio's rapid AUM growth.

Legal & General is understood to be considering a sale of its Cofunds platform, just over two years after it sealed a deal to take full ownership.