News

Franklin Templeton is to overhaul its European equity OEIC and rebrand Ben Russon's UK Select Growth fund to create a new range of multi-cap portfolios, Investment Week can reveal.

Family office Fleming Family & Partners has provided seed capital for the launch of the Investec Africa Fixed Income Opportunities fund.

Jon Ingram, manager of the £139m JPM UK Dynamic fund, picks five sectors he expects will continue to perform well during the equity rally, and selects his favourite stocks from each.

Cofunds head of fund group relations Michelle Woodburn is stepping down from the role after six years with the platform.

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Barclays shares have dropped by more than 7% after it announced a £5.8bn rights issue to shore up its capital position.

Hedge funds have heavily upped exposure to gold in recent weeks, viewing the metal's poor relative performance year-to-date as a buying opportunity.

Aberdeen Asset Management's Hugh Young has cautioned there is a lack of buying opportunities in Asia as earnings growth continues to slow down across the continent.

Pensions consultant and wealth manager Mattioli Woods has bought Atkinson Bolton Consulting (ABC) in a £6m deal.

Global bond funds suffered the worst outflows of all asset classes in June and bond indices fell sharply after comments from the Federal Reserve signalling the end of quantitative easing.