News

Taxpayer-owned Royal Bank of Scotland could miss its end-2013 deadline to sell 316 branches, a potential bidder has said.

With true alpha proving ever harder to come by, it is no surprise that articles highlighting some of the top performers of recent years proved among the most popular of this week's stories.

The managers of PIMCO's $28bn income range have upped exposure to the US mortgage sector after May and June's sell-off.

Fund buyers have been struggling to find alternatives to Aberdeen and First State's giant emerging market funds, but Rathbones' Mona Shah has uncovered four niche vehicles worth a closer look.

Stephane Fertat, portfolio specialist for fixed income at T Rowe Price, has revealed the group's global bond funds have cut exposure to a number of emerging market currencies in recent months.

Funds including the Absolute Insight fund of funds and GAM's US equity offering are among those to have made the latest Bestinvest Premier Selection guide.

The Financial Conduct Authority (FCA) has banned and imposed fines of £28,000 each on two individuals for failings related to the sales of unregulated collective investment schemes (UCIS) to some 800 investors.

The Financial Services Compensation Scheme (FSCS) said it is continuing to receive claims in respect of the CF Arch cru funds, and has put the likelihood of a further interim levy for 2013-14 as ‘medium'.

Stephane Fertat, portfolio specialist for fixed income at T Rowe Price, has cut exposure to a number of emerging market currencies in recent months.

Skagen is changing the investment strategy of its €921m global equity offering, the Skagen Vekst fund, to expand its investable universe and reduce dependence on the Norwegian energy sector.