News

BlackRock has reduced the annual management charge on the retail share classes of six Luxembourg-listed funds by 25 basis points.

Finsbury Growth & Income Trust has reported a net asset value total return of 24% compared with 10.8% from the benchmark FTSE All-Share index.

Aviva Investors is to launch a third structured product based on the performance of the FTSE 100 next month, after its two predecessor funds gathered over £150m.

Funds of hedge funds have outperformed the average hedge fund in fewer than one in every five months since 2000, according to data providers Eurekahedege.

Gartmore's Leigh Himsworth warns investors are in danger of being sucked into the emerging market story without properly considering asset valuations.

The AIC has appointed Ian Sayers as director general after he held the role of acting head of the organisation since the departure of Daniel Godfrey at the end of July.

Standard & Poor's has awarded four HSBC Global Asset Management tracker funds an AAA rating, including the recently merged American Index portfolio.

Insurers are planning to introduce a new product to help companies limit the financial fall-out when their brands or high-profile spokesmen such as Tiger Woods suffer reputational damage, reports the Financial Times.

WHEB Sustainability fund has increased its exposure to solar power stocks on expectations of a rally post Copenhagen Summit.

Polar Capital's Technology trust rose 13.6% in NAV terms over the six months to 31 October, as its manager tilted the portfolio towards companies benefiting from web-based delivery of IT.