News

Brown Shipley is re-launching its £18m MultiManager Balanced fund as an income vehicle as part of an overhaul of its Solus Oeic range.

Standard & Poor's Fund Research has awarded a new ‘A' rating to F&C's Stewardship Income and Stewardship Growth funds, despite manager Catherine Stanley only taking over the portfolios in June.

Neptune Investment Management's Shelley Kuhn is leaving the company, prompting a shake up of the group's managers.

The Dow Jones climbed strongly on opening today, following an impressive showing from the FTSE 100.

M&G's Richard Woolnough has reduced his exposure to interest rate risk in his Optimal Income fund on the back of concerns about a possible excess in supply of government bonds.

RWC Partners is launching its US Absolute Alpha fund in October, pending regulatory approval.

Deutsche Bank has launched the db x-trackers S&P US Carbon Efficient ETF on the London Stock Exchange.

River & Mercantile has followed its earlier hires this year by bringing in former Merrill Lynch analyst Ben Childs.

The FTSE 100 followed up yesterday's gains this morning, as mining stocks continued their rally.

BlackRock's Bob Doll believes the 8% correction in the US markets over the past four weeks is the result of profit taking and the bull market will resume, with stocks set to rally again by the end of the year.