Valentina Romeo

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Advisers urged to study property fund regulations

Advisers and wealth managers don’t understand the rules around commercial property funds and the way fund managers run them, a trade body report has argued. A report from Association of Real Estate Funds commissioned to independent consultant John Forbes has called on the FCA to conduct a comprehensive review of the rules around open-ended property […]

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Trade bodies propose new investment transfer rules

Eight investment and pensions trade bodies have set out plans to change the way investors can transfer assets between different pensions and investment providers. The group, which includes Apfa, The Association of British Insurers and The Investment Associatio, has held discussions with the FCA, Department for Work and Pensions and The Pensions Regulator over its proposals. […]

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Ashmore flows flat despite emerging market recovery

Ashmore Group posted a 4 per cent increase in assets in the first quarter of the financial year but net flows remained flat despite an emerging markets recovery. In a trading update published today, the emerging market-focused fund said assets under management rose to $54.6bn (£44.77bn) from $52.6bn at the end of June. The increase in […]

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SLI to reopen £2.5 billion property fund

Standard Life Investments is to reopen its £2.5bn UK Real Estate fund and associated feeder funds in mid-October. The firm, which was one of the first to suspend the property fund after the EU referendum, says the fund has now “sufficient liquidity” to meet future redemptions. The fund will reopen on 17 October while the […]

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New Investment Association boss faces ‘very difficult job’ ahead

Newly-appointed Investment Association chief executive Chris Cummings faces a “very difficult job” ahead of him, industry commentators say. TheCityUK founding chief executive has been appointed as the new chief executive of the investment trade body and will start his role in the third quarter of this year. Cummings joins the trade body six months after Daniel Godfrey […]

Daniel Godfrey: Asset managers must address opaque pricing

Asset managers need to give investors a single price for investment products separate from trading costs to boost transparency, says former Investment Association chief Daniel Godfrey. Speaking at the Transparency Symposium, Godfrey, who is currently non-executive director of Big Issue Invest Fund Management, says asset managers can use transparency around charges as a competitive advantage. He […]

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UK retail funds reach record £871bn

Assets in investment funds have reached a record high of £871bn in 2015 despite ongoing market turmoil, according to the latest figures form the Investment Association. Funds under management have increased by £36bn from 2014, although net retail sales dropped £4bn year-on-year to £17.6bn in 2015. Investment Association interim chief executive Guy Sears says: “Despite market uncertainty surrounding China, […]

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Woodford to manage Openwork UK equity fund

Neil Woodford is to manage a new UK equity fund launched by advice network Openwork. The UK Growth and Income fund, which will take positions in both listed and unquoted companies in the UK, will only be available to Openwork’s advisers. The fund will be available in February through Openwork’s asset management business, Omnis Investments, which offers multi-asset model portfolios with funds run by groups including […]

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Who topped the Tilney Bestinvest Spot the Dog list?

Aberdeen Asset Management has topped Tilney Bestinvest’s Spot the Dog list of underperforming funds with 18 funds. The list, which identifies funds that have underperformed for three consecutive years and by more than 10 per cent over three years, includes Aberdeen’s £1.1bn Asia Pacific Equity fund and 10 other from the group. However, Aberdeen is also the underlying manager of […]