Liontrust's assets under management are to climb above £4bn imminently after the group won a £320m UK equity income mandate.
Large-cap funds in the UK Equity Income sector have increased the concentration of their top ten holdings even as the UK's largest stocks begin to struggle, data compiled for Investment Week has revealed.
‘Market conditions have left customers bruised’
Franklin Templeton is to rebrand Colin Morton's UK Blue Chip fund as the Franklin UK Rising Dividends fund in a bid to make it more attractive to those seeking a growing income stream.
The latest retail sales figures published by the Investment Management Association (IMA) have revealed a fall in inflows to a level last seen in January 2013.
Demand for Neil Woodford's fund has helped make the UK equity income sector the best-selling category for a second month in a row.
The PSigma Income fund has lost £100m as clients including its largest backer redeemed holdings ahead of Bill Mott's retirement.