News

Thesis Asset Management has launched a UK equity-only model portfolio that invests in direct securities rather than funds.

Bank of England governor Mark Carney has used the annual Mansion House speech to warn that asset managers must prepare for the consequences of normalising monetary conditions.

Chancellor George Osborne is to begin selling the government's 80% stake in Royal Bank of Scotland at a loss, saying any further delay could jeopardise the economy.

Schroders has expanded its range with the launch of an emerging markets multi-asset income fund.

Troy Trojan Income manager Francis Brooke has been reducing his fund's position in utilities to protect against the threat of rising bond yields.

Aberdeen Asset Management is to partner with pensions consultancy Hymans Robertson for a service which will see it use the firm's technology to target direct investors for the first time.

Ian Warmerdam, manager of the Henderson Global Growth fund, has been cutting exposure to the US and shifting to emerging markets, as the runaway performance of the US market has caused elevated stock values.

Russell Investments has re-hired its former senior analyst, Van Luu, to head up its currency and fixed income strategy desk.

It has been several weeks since Jason Pidcock announced he is leaving his post as manager of the Newton Asian Income fund, after a decade at the helm, to set up a similar strategy for Jupiter later this year.

The J.P. Morgan Emerging Markets investment trust has cut its performance fee in a move it says means its charging structure is now more attractive than peers'.