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Invesco floats Global Equity Income fund to IFAs

Story by: Oliver Good and Nick Rice, Investment Adviser

Company looks to offer alternative to Neil Woodford's acclaimed equity income funds.

• Time published: 00:01
• Date published: 16.06.2008
• Published in: Investments

New Star manager to stamp his mark

The newly appointed manager of New Star's underperforming £448m Managed Distribution fund is planning to overhaul the existing holdings to stamp his mark on the fund.

• Date published: 16.06.2008

F&C appoints Carne to multi-manager desk

F&C Investments has announced the appointment of Paul Carne to its multi-manager desk to bolster its quant work.

• Date published: 16.06.2008

Franklin Templeton launches Middle Eastern and North Africa fund

Franklin Templeton Investments has launched its Middle Eastern and North Africa fund into the European marketplace.

• Date published: 16.06.2008

Radicle to launch timber trust

Forestry investor Radicle Projects is set to launch an investment company focusing on timber plantations in Australia and the Asia Pacific region.

• Date published: 16.06.2008

FSA cracks down on shorting abuse

The FSA is expanding its code of market conduct to crack down on market abuse through short selling of companies undertaking rights issues.

• Date published: 16.06.2008

Progressive raises £46.5m for frontier fund

Progressive Developing Markets has raised £46.5m for a closed-end fund investing in frontier markets.

• Date published: 16.06.2008

Growth fund managers bearish on UK economy

Managers of UK growth funds are "extremly bearish" on the outlook for the UK economy, according to the latest report from Standard & Poor's.

• Date published: 16.06.2008

Gazprom predicts oil prices could double

Russian energy giant Gazprom has claimed the oil price could almost double from today's levels and hit $250 a barrel by 2009.

• Date published: 16.06.2008

Merrill Lynch appoints Smilg as products and wealth chief

Merrill Lynch has appointed Jeremy Smilg to the newly created position of head of products and wealth solutions for its EMEA Wealth Management group.

• Date published: 16.06.2008

King may write inflation letter soon, says New Star

Mervyn King may be writing a letter to the chancellor this week, New Star Asset Management's Simon Ward has predicted.

• Date published: 16.06.2008

BH Macro investment trust enters FTSE 250

BH Macro has become the first single-manager hedge fund feeder investment trust to enter the FTSE 250.

• Date published: 16.06.2008

Ermitage to launch Clean Resources fund

Alternative asset management firm Ermitage Group is gearing up to stake a claim in the environmental and climate change market with the launch of the Clean Resources fund.

• Date published: 16.06.2008

Omam predicts profits growth

Company profits underpinned by environmental drivers and government outsourcing should continue to grow despite a weaker macro-economic backdrop, the manager of Old Mutual Asset Managers’ £32.3m UK Select Equity fund has said.

• Date published: 16.06.2008

Newton ponders performance fees

Newton Investment Management could be set to introduce performance fees on its retail fund range, starting with the £339m Absolute Intrepid fund.

• Date published: 16.06.2008

OMAM's Klahr set to retire

UK equity income specialist Michael Gifford to replace fund manager in June 2009

• Date published: 16.06.2008

db X-trackers predicts Europe ETF surge

Europe's fixed income ETF volumes will overtake the US in the next few months, db x-trackers has predicted.

• Date published: 16.06.2008

Barings reveals Pacific fund changes

Baring Asset Management has lifted the lid on the planned changes to its Pacific fund, which is still awaiting unitholder approval to be converted to an Asean fund.

• Date published: 16.06.2008

Lawrence House increases exposure to commodities

Lawrence House has cranked up exposure to commodities and emerging markets by taking new positions in high alpha funds.

• Date published: 16.06.2008

Lib Dems foresee a return to 1970s-style stagflation

The Liberal Democrats have warned the British economy is heading for 1970s-style stagflation, where stunted growth and inflation combine.

• Date published: 16.06.2008

FRM Credit Alpha sees credit rebound opportunities

The opportunities for hedge fund managers to gain from a rebound in credit markets is "considerable", according to closed-end investment company FRM Credit Alpha.

• Date published: 16.06.2008

F&C property trust to introduce performance fee

The giant £1.1bn F&C Commercial Property Trust has announced plans to introduce a performance fee.

• Date published: 16.06.2008

Schroders launches Gold & Metals fund

Luxembourg-domiciled vehicle to have futures, physically backed ETFs and equities

• Date published: 16.06.2008

Baillie Gifford hires Farquharson as investment manager

Former Japan specialist at Schroder Investment Management, Donald Farquharson, has joined Edinburgh-based boutique Baillie Gifford as an investment manager.

• Date published: 16.06.2008

Gartmore ups exposure to financials

Gartmore Investment's bond team has been upping exposure in its pair of funds to banks and other financials, reversing the team's stance towards the end of last year.

• Date published: 16.06.2008

Royal London economist predicts further bad news over inflation

Comments come in wake of survey that indicates consumer confidence at all-time low

• Date published: 16.06.2008

HSBC manager looks to enhance FoF's absolute returns bias in new vehicles

The manager of the original HSBC Openfunds has taken positions in new vehicles in a bid to enhance the pair of FoF's absolute returns bias.

• Date published: 16.06.2008

Dexion Capital looks to diversify fund range

Fund of hedge funds group plans single-manager infrastructure launches

• Date published: 16.06.2008

Credit Suisse managers play weighting game

New multi-asset fund converted from Incubator Fund after shareholders vote for change

• Date published: 16.06.2008

Barclays issues warning over oil price

Barclays Wealth has issued a stark warning that growth in the US could be reduced by as much as 25 basis points if the oil price is not brought back down.

• Date published: 16.06.2008

IMS reduces exposure to Europe over inflation fears

Multi-manager specialist IMS has reduced its exposure to Europe, citing the highest inflation for 16 years.

• Date published: 16.06.2008

Survey says wealth managers need strategy revamp

Wealth managers must transform their business models to "an unprecedented degree" if they intend to survive in the growing wealth market, according to a new white paper published by investment outsourcer SEI.

• Date published: 16.06.2008

Nottingham rolls out reduced minimum investment Isa

The Nottingham Friendly Society is launching an Isa that offers access to ethical, global or UK indices for a reduced minimum investment.

• Date published: 16.06.2008

Amplio seeks €50m for renewable energy

New venture capitalist firm Amplio Partners is seeking funding of up to €50m (£39m) to invest in renewable energy, alternative fuels, recycling, filtration, environmental services and speciality care.

• Date published: 16.06.2008

IPF survey pours cold water on property turnaround hopes

Hopes of a turnaround in commercial property for 2009 have been dampened following the release of a survey by Investment Property Forum.

• Date published: 16.06.2008

Fidelity Japan fund backing stocks that pass on rises

Manager underweight on processing and manufacturing due to increasing cost of materials

• Date published: 16.06.2008

Invesco enacts plans after Burke departs

Despite claims firm will have hard time replacing Burke, advisers applaud Invesco's quick response

• Date published: 16.06.2008

GAM opens frontiers with product launch

Dublin-domiciled fund is long only and has a significant bias towards the Middle East and Gulf

• Date published: 16.06.2008

Cornelian to launch diversified portfolio service

Portfolio will hold blend of UK equities, property and global funds with six-monthly report to clients

• Date published: 16.06.2008

Property may be lifeline in choppy waters, says ING

Revenue streams from property could prove to be a strong source of income during a downturn, the manager of ING’s £619.7m UK Real Estate Income Trust has said.

• Date published: 16.06.2008

Markets revealed true value after May fall, says Blue Planet

The sharp fall in May meant markets were behaving rationally and revealing their true value, financials specialist Blue Planet Investment Management said.

• Date published: 16.06.2008

World Bank predicts fall in global growth

Global growth will fall by 1 per cent this year as developed countries begin to feel the strain from rising inflation, the World Bank has predicted.

• Date published: 16.06.2008

Ascentric hires pair to give IFAs support

Independent platform provider Ascentric Wrap has made two appointments to its business development and operations department.

• Date published: 16.06.2008

iShares' Euro Corporate Bond surpasses €1bn in AUM

ETF provider iShares has announced that its Euro Corporate Bond fund has surpassed €1bn (£791m) in assets under management.

• Date published: 16.06.2008

BlackRock's Doll predicts US stocks will outperform Europe

BlackRock’s vice chairman and chief investment officer has said he expects US stocks to outperform Europe in the current environment.

• Date published: 16.06.2008

Omam global bond team changes its focus to dollar

Manager of Global Strategic Bond fund claims short-dated paper now less attractive

• Date published: 16.06.2008

Swip to stay bearish on European property until next year

Swip's European Property Portfolio increases weightings in Germany and Holland in move to rebalance office holdings

• Date published: 16.06.2008

Keydata and Skandia commend structured products

Lighter capital protection and flexibility attracting interest from mainstream retail channels, say firms

• Date published: 16.06.2008

S&P overhauls bond sector

Peer group replaces Sterling High Yield 30-50 per cent sector and will include high discretion mandates

• Date published: 16.06.2008

Stellar predicts Baltic property market will outperform UK

Stellar Asset Management has forecast the Baltic real estate market to outperform UK property by 15 per cent over the next two years.

• Date published: 16.06.2008

Smith & Williamson to join forces with Oliver Freaney & Company

UK-based investment management advisory group Smith & Williamson is to merge with Dublin accountancy and tax advisers Oliver Freaney & Company.

• Date published: 16.06.2008

JO Hambro hires Richyal as co-manager on Global fund

JO Hambro Capital Management has raided Baring Asset Management's manager talent by hiring Nudgem Richyal as co-manager on its soon-to-launch Global fund.

• Date published: 16.06.2008

Africa outshines emerging markets peers

Africa’s raw materials wealth has allowed it to outperform other emerging markets throughout 2008, the manager of New Star Asset Management’s £68.2m Heart of Africa fund has claimed.

• Date published: 16.06.2008

IDEAcarbon urges UN to establish retail-friendly global emissions network

The key drivers to make the European carbon trading market accessible to retail investors could be in place by the end of next year, according to research agency IDEAcarbon.

• Date published: 16.06.2008

Jupiter's Whitmore waits for blood on the streets

Manager claims he would only invest back into UK stocks when the had hit rock bottom

• Date published: 16.06.2008

S&P launches Asia versions of indices

Standard & Poor’s Index Services has launched Asia-focused versions of three of its Global Thematic indices.

• Date published: 16.06.2008

New Star fund improving due to key sector weightings, says co-manager Rowe

Manager claims turnaround due to going underweight financials and exposure to mining and oil services

• Date published: 16.06.2008

JPMAM and BlackRock repudiate commodities bubble

Firms claim imbalance due to weak supply over medium term means deficit and therefore good commodity prices

• Date published: 16.06.2008

Emerging markets tipped to weather market storms better over long term

Emerging market debt should fare better than developed world bond investments in the long term, despite high inflation and slower growth prospects, Investec Asset Management has claimed.

• Date published: 16.06.2008

UK All Companies shine on Cofunds platform

Firm claims net sales increased from 2.15 per cent in April to 3.55 per cent in May

• Date published: 16.06.2008

M&G manager lauds consumer goods

Consumer goods are proving a fertile investment ground for M&G Investments' £618m International Growth fund.

• Date published: 16.06.2008

Rensburg manager defends trust against analyst's comments

Fund manager Mark Hall has rebuffed claims from Morningstar that his £566.2m Rensburg UK Select Growth trust is "unlikely to relive its former glory".

• Date published: 16.06.2008

Investors train eyes on Japan

Discounts almost halved on Japan and Japanese smaller companies investment trusts in May, but widened in five other sectors, according to Trustnet.

• Date published: 16.06.2008

Skandia includes Aegon fund in UK Equity Blend

Skandia Investment Group has replaced a mandate run by UBS Global Asset Management with Audrey Ryan's £66m Aegon UK Opportunities in its £110m UK Equity Blend fund.

• Date published: 16.06.2008

Barclays Wealth expands Optimiser range

Barclays Wealth has broadened its Emerging Markets Optimiser range to include an eastern European-only option.

• Date published: 16.06.2008

Castlestone launches multi-asset FoF

Alternative investment specialist Castlestone Management is launching a multi-asset fund of funds, drawing together the firm’s own fund range, as well as other companies’ offerings.

• Date published: 16.06.2008

Credit Suisse's Hankey takes negative view of commodities

The manager of Credit Suisse's recently-rebranded £83.6m UK Thematic fund has a "very negative view" of commodities, as food and fuel inflation intensify globally.

• Date published: 16.06.2008

S&P launches Asia-focused indices

Standard & Poor’s Index Services has launched Asia-focused versions of three of its Global Thematic indices.

• Date published: 12.06.2008

Global growth to fall warns World Bank

Global growth will fall by 1 per cent this year as developed countries begin to feel the strain from rising inflation, the World Bank has predicted.

• Date published: 12.06.2008

May's sharp market fall "rational": Blue Planet

• Date published: 12.06.2008

Barclays expands Optimiser with Eastern European option

Barclays Wealth has broadened its Emerging Markets Optimiser range to include an Eastern European-only option.

• Date published: 12.06.2008

JOHCM hires Nudgem Richyal to co-manager new fund

JO Hambro Capital Management (JOHCM) has plundered Baring Asset Management's manager talent again by hiring Nudgem Richyal as co-manager of its new global and Europe, Australasia and Far East (EAFE) funds.

• Date published: 11.06.2008

Fidelity poaches Shaughnessy from Prudential as head of retail

Fidelity International has appointed formed M&G Investments and Prudential boss Gary Shaughnessy as managing director of UK retail.

• Date published: 11.06.2008

Fidelity appoints Shaughnessy as MD of UK retail

Fidelity International has appointed former M&G and Prudential boss Gary Shaughnessy as managing director of UK retail.

• Date published: 11.06.2008

Fidelity's FAST Japan Fund backs financial stocks

The manager of Fidelity International’s FAST Japan fund is backing financial stocks and companies that are able to pass on price rises to consumers.

• Date published: 10.06.2008

IFAs brand Burke's departure "a blow for Invesco"

IFAs have described Ed Burke's departure from fund management as "a blow for Invesco Perpetual", despite applauding the firm's succession planning.

• Date published: 10.06.2008

Credit Suisse fund running 20 per cent in cash

Credit Suisse's latest offering, the Multi-Manager Multi Asset Growth fund, is running roughly 20 per cent in cash, as the managers seek out opportunities in the market.

• Date published: 10.06.2008

Ed Burke takes early retirement from Invesco

Ed Burke is leaving Invesco Perpetual to take early retirement, with Stephen Anness and Martin Walker taking over management of his portfolios with immediate effect.

• Date published: 10.06.2008

GAM to launch long-only Dublin-domiciled fund

GAM is the most recent fund house to announce it is going off the beaten track, with the launch of the GAM Star Frontier Opportunities fund.

• Date published: 10.06.2008

Nottingham launches Tracker Select Isa

The Nottingham Friendly Society is launching an Isa that offers access to ethical, global or UK indices for a reduced minimum investment.

• Date published: 10.06.2008

Rocketing oil prices to impact UK and US growth

Barclays Wealth has issued a stark warning that growth in the US and UK could be reduced by as much as 25 basis points if the oil price is not brought back down.

• Date published: 10.06.2008

Gartmore increases exposure to banks

Gartmore Investment's bond team has been upping exposure in its pair of funds to banks and other financials, reversing the team's stance towards the end of last year.

• Date published: 09.06.2008

Schroders launches Gold & Metals fund

Schroder Investment Management is bolstering its alternative solutions range with the launch of a Gold & Metals fund.

• Date published: 09.06.2008

Radicle Projects focuses on timber with company launch

Forestry investor Radicle Projects is set to launch an investment company focusing on timber plantations in Australia and the Asia Pacific region.

• Date published: 09.06.2008

Lib Dems warn of 1970s-style stagflation

The Liberal Democrats have warned the British economy is heading for 1970s-style stagflation, where stunted growth and inflation combine.

• Date published: 09.06.2008