News

UK managers including Lindsell Train founder Nick Train have labelled Hargreaves Lansdown a "definite buy" with enormous growth potential, after the group beat analysts' expectations last week.

Fund groups have applauded Morningstar's move to scrap its absolute return sector in favour of 18 different alternative investment categories, calling on the IMA to consider a similar move.

J.P. Morgan Asset Management has launched an inflation-linked bond fund investing in European debt, as the group looks to profit from the volatile market conditions across the continent.

Walker Crips managers back global franchises across portfolios as UK's prospects look increasingly gloomy.

Janus International has added an Asian equity fund to its Dublin-domiciled fund range, to be managed by recent hire Hiroshi Yoh.

Old Mutual Asset Managers has hired a new head of wholesale after poaching Simon Smith from Standard Life Investments.

The heavy market sell-off over the past month has pushed preiums in the closed-ended UK income sector to near all-time highs as investors hunt for income, according to analysts.

Yields on short-dated Greek debt have hit a fresh eurozone-era high after the country announced a pause in bailout talks with the IMF.

US markets opened lower today as more weak economic data emerged from the US showing no jobs were created in August.

Fidelity has launched a European Dynamic Value fund, managed by Neil Madden and seeking to identify cheap and disliked stocks with improving fundamentals.