St James’ Place reports increase in net inflows despite pandemic July 28, 2020 Wealth manager St James’ Place beat estimates and reported a modest rise in net inflows due to a recovery in market sentiment following the coronavirus-induced selloff. The figures Net cash inflows rose two per cent to £4.5bn in the six months to the end of June, beating the consensus expectation of £4.4bn, the same as [...]
Woodford investors have lost £1bn since fund was frozen July 27, 2020 Investors in Woodford Equity Income fund have seen the total value of their assets slide more than a quarter – around £1bn – over the past year. There is a £122m shortfall in the fund’s total value but administrator Link said this reflected the asset and currency movements during the period. A Sunday Times investigation [...]
FCA launches probe into Woodford depositary Northern Trust July 24, 2020 The City regulator has launched an investigation into Neil Woodford’s depositary Northern Trust over the events that led to the gating of the flagship Equity Income fund last June. The investigation was launched in recent months following an ongoing probe into Link Fund Solutions, the firm supervising the Woodford Equity Income Fund. Last June the [...]
Why investing sustainably can get you better income and better outcomes July 23, 2020 | City Talk For those that remain sceptical, we show that an integrated ESG approach can improve income stability. Not only is it possible to combine income investing and sustainable investing, we believe you can actually make your income more resilient, smooth and reliable by investing sustainably. Many things have changed for investors in a post Covid-19 world, but [...]
Invesco bond bosses step back amid fund reshuffle July 22, 2020 Invesco has reshuffled its fixed interest management team with bosses Paul Read and Paul Causer both stepping back from their management roles on a series of a funds. Read is stepping down as manager of the Monthly Income Plus fund but will keep his management role on the £49.2m Global Income fund. He and Causer [...]
Investors capitalise on market volatility with millennials leading the charge July 21, 2020 Investors have remained bullish on markets despite the pandemic and millennials are leading the charge. More than half of global investors are positive about the market and are looking to invest in the near future, even in the face of the coronavirus-induced volatility. A survey by global funds network Calastone found 54 per cent of [...]
M&G Investments has eyes on UK Mortgages July 20, 2020 M&G Investment Management is pursuing a bid for UK Mortgages on behalf of one of its managed funds, M&G Specialty Finance Fund. M&G said it had made several approaches to the listed UK Mortgages on behalf of the fund. It said all of the proposals, including the latest one at 67p per share valuing the [...]
Real estate investment firm Castleforge Partners closes third fund at over £270m July 17, 2020 London-based real estate investment firm Castleforge Partners has today announced the close of its third commercial fund at over £270m. Castleforge Partners III exceeded its predecessor by 15 per cent, even in the face of looming Brexit uncertainty and the global coronavirus pandemic. The investment fund received support from existing investors, with around 60 per [...]
What are the long-term prospects for healthcare investing post Covid-19? July 16, 2020 | City Talk The pandemic has shone a spotlight on healthcare but what happens when a vaccine is found? We asked Schroders’ investment experts for their views on the sector’s long-term prospects. The Covid-19 crisis has hurt most economic sectors this year. As of 30 June, healthcare was one of only three sectors to post positive year-to-date returns [...]
European private equity deals plunge to seven-year low July 16, 2020 European private equity deal volume plunged to its lowest point in seven years during the second quarter, with the UK suffering the greatest drop. Deal count and value dropped to their lowest quarterly figures since third quarter 203 and the fourth quarter of 2016, respectively due to uncertainty surrounding the virus. Pitchbook data shows 650 [...]