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SJP boots Axa off managing £3bn fund

St James’s Place is replacing Axa Investment Management as the manager of its £3bn Balanced Managed Unit Trust after 11 years. The UK wealth manager has picked US-based investment managers GMO and Jennison Associates as co-managers of the fund starting their mandate over next summer. GMO’s long-standing fund manager Ben Inker will run 80 per cent […]

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]

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