Articles tagged: UK
  • June 2019Opinions & Features

    UK

    Woodford Investment Management’s decision to close its flagship Woodford Equity Income fund in June has had a variety of knock-on effects for the company and the fund management industry in general. Wealth managers, which have outsourced their investment management through segregated mandates, have turned their back on him. Leading wealth manager, St James’s Place has removed Woodford from the management …
  • June 2019Opinions & Features

    UK

    The number of funds available to UK investors, already well over 3,000, continues to expand. There were a further 14 new launches in April (plus two mergers of existing funds into ‘new’ funds). Most were from managers making multiple launches, starting with Time Investments, which has converted two of its existing property funds into Property Authorised Investment Funds (PAIFs). Both …
  • June 2019Opinions & Features

    UK

    While robo-advice firms receive plenty of media coverage, those pioneering the concept still appear to be struggling to make a profit. One group, Investec, has now thrown in the towel. The company announced in its annual results that it was closing down its Click & Invest robo-business, writing off around £20m in costs incurred over the past year.
  • June 2019Opinions & Features

    UK

    One of the big stories this month concerns UK asset manager Neil Woodford whose flagship equity funds have garnered significant assets since the portfolio manager left Invesco where he had earned a reputation as a highly successful equity income fund manager. Having suffered from a spell of poor performance and with exposure to small-cap and less liquid stocks, the Woodford …
  • June 2019Market Focus

    Uncertainty all round for UK investors

    Against the background of the ongoing Brexit uncertainty, UK investors remained cautious in April. Broadridge estimates show net withdrawals from funds generally continuing for the eleventh consecutive month – an unprecedented period of continuous outflows for UK managers. However, Investment Association figures reveal positive net sales to retail investors. Institutional investors thought differently and equity and mixed …
  • May 2019Opinions & Features

    UK

    The Financial Conduct Authority (FCA) has announced a review of the UK's financial advice market following the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR). In doing so it has launched a call for input, and feedback on its proposed approach.The FCA’s review will consider whether these two initiatives have been successful in achieving their objectives. The …
  • May 2019Market Focus

    Another quarter, another three months of outflows

    The uncertainty of Brexit continues to bedevil the UK funds industry. There were net redemptions again in March, the tenth consecutive month and the longest period of continuous outflows ever in the UK, according to Broadridge estimates. In March the highest withdrawals were from equity funds, but overall throughout the quarter it was mixed asset products, notably absolute return funds, …
  • May 2019Opinions & Features

    UK

    A new investment boutique has been launched by Bennbridge, the UK arm of Australian multi-boutique provider, Bennelong Funds Management Group. The new boutique, BambuBlack Asset Management, will take on two of Smith & Williamson’s existing funds, Oriental Growth and Far Eastern Income & Growth. The funds will continue to be managed by Jane Andrews, who will also take an equity …