News

Miton Asset Management is to soft-close the Miton UK Multi Cap Income fund at the end of the month following strong inflows.

Ascentric, the Royal London-owned wrap platform, has seen net new business jump by 46% in the third quarter.

Bill Gross' Pimco Total Return fund has lost its position as the largest mutual fund in the world after investors pulled over 13% of assets from the fund since the summer.

The head of wealth management at Signia Wealth, Rupert Robinson, has left the business after less than a year, Investment Week understands.

VCT specialist Puma Investments has today launched its latest limited life venture capital trust, Puma VCT 10.

Invesco Perpetual may have to overhaul its investment trust range should it retain the £1.4bn Edinburgh trust mandate after the departure of manager Neil Woodford, analysts have said.

Economic thinktank the National Institute of Economic and Social Research (NIESR) has forecast the economy will grow by 1.4% this year.

Henderson Global Investors has appointed Phil Apel as head of fixed income as Jim Irvine exits the firm.

Hargreave Hale is seeking to raise £20m for its VCT range from new and existing investors.

European equity funds focusing on value stocks have posted almost double the returns of their growth-oriented rivals this year, as cyclical companies and the European periphery outperform quality growth plays.