News

RWC is to launch a global equity income fund for Ian Lance, Nick Purves, and John Teahan as it expands its income fund range.

BlackRock is to launch an Asia Special Situations fund for Andrew Swan and Emily Dong, after bringing its first Asian equities fund to the UK market last summer.

Schroders' Andy Brough has sold his entire holding in Sports Direct, exiting one of his longest and highest-conviction holdings.

Artemis is to take over management of the Mid Wynd International investment trust as Baillie Gifford's Michael MacPhee retires.

Barclays is to announce the creation of a 'bad bank' next week with the aim to transforming its struggling investment banking arm, according to reports.

China is poised to overtake the US as the world's largest economy far sooner than expected, according to new statistics.

Standard Life's Q1 figures have been bolstered by further inflows into SLI's flagship GARS fund, but elsewhere the group said it had seen annuity sales fall 50% after March's Budget announcement.

Wealth adviser Towry has bought the assets of Baker Tilly's private client financial advice and investment management business for an undisclosed sum.

Investment trust buyers are looking to switch into unloved value trusts after the rally in their growth-orientated peers left many of these looking overvalued.

Boutique investment house Newscape Capital Group has closed its poorly-performing Dynamic Rates & Currency fund less than two years after bringing it to market, and has also shut its Absolute Bond fund, Investment Week understands.