News

Confidence in the UK financial system has hit a post-crisis high despite soaring valuations pointing towards a correction, according to the FT.

The managers of the Ruffer investment trust have added to their Japanese bank holdings, expecting the sector to benefit from a domestic recovery.

Market volatility has dropped to lows not seen since before the financial crisis, prompting expectations of a sharp spike, but some strategists suggest it could remain anchored for years to come.

Henderson is to convert its £1.8bn property unit trust to an OEIC in advance of a potential conversion into a Property Authorised Investment fund (PAIF).

Miton has said its multi-asset portfolios will continue to be positioned at the defensive end of the investment spectrum following the exit of manager Martin Gray.

BlackRock has launched two iShares exchange-traded funds to target emerging market consumption and US dividends, following fee cuts on its revamped 'Core' range last week.

Aberdeen Asset Management has migrated all Scottish Widows Investment Partnership-run active equity funds and mandates, with the team that ran them at SWIP exiting the combined business.

Unicorn Asset Management's John McClure has passed away, the board of the Acorn Income fund has announced.

Robin Minter-Kemp, former director of investment funds at Cazenove Capital, has joined Rayner Spencer Mills Research (RSMR) as a non-executive director.

Miton Group has agreed to acquire Darwin IM, with the latter's David Jane taking over the Miton Special Situations portfolio as Martin Gray leaves after 20 years.