View more on these topics

BlackRock hard-closes European Opportunities Extension fund

BlackRock has hard-closed its £539m European Opportunities Extension fund after strong inflows this year.

The fund prevented new subscriptions from new and existing shareholders from 22 July to prevent the fund from exceeding capacity.

A communication to investors says: “Shares in the fund are no longer available for subscription to either new or existing shareholders.

“We have taken this decision to control the size of the fund, in accordance with the terms of the prospectus, to help ensure that the proceeds of subscriptions can be suitably invested and that existing investments can be efficiently managed.”

The fund is managed by David Tovey with support from co-managers Zehrid Osmani and Simon Hunter.



Asset allocation: F&C’s Burdett returns to Europe as ECB offers stimulus

The F&C multi-manager team has been taking profits in its US holdings as it looks to return to a neutral position in Europe having previously been underweight in the region. The move could be seen as an early call on European recovery and F&C multi-manager co-head Rob Burdett says the decision leaves the fund manager […]

Spotlight on charges 700x450.jpg

Tony Wickenden: Shining the spotlight on Dotas

Having considered the proposed expansion of the inheritance tax hallmark, it is important to give some thought to what in practice will need to be reported and how the accelerated payments provisions might apply to IHT schemes that are reported under Dotas and allocated a scheme reference number.  This will be especially important to consider […]


Royal London appoints ex-Capita director to protection division

Royal London has appointed former Capita director Debbie Kennedy as head of protection proposition design within its intermediary business. Kennedy will join the provider on 29 September and will be responsible for the leadership and direction of Royal London’s intermediary protection offering. Her remit will cover product, customer experience, underwriting, claims and reinsurance. She joins […]


HMRC apologises over £1.9bn tax mistake

HM Revenue & Customs chief executive Lin Homer has apologised for calculation errors which meant HMRC overstated how much it recouped in owed tax. Last week, a report from the National Audit Office revealed HMRC had overestimated the amount of tax it had collected by £1.9bn a year. HMRC had agreed with the Treasury to […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


News and expert analysis straight to your inbox

Sign up


    Leave a comment