Multi-asset

Jupiter: Mifid II cost criticism lacks weight

Head of strategy for the Jupiter Independent Funds Team John Chatfeild-Roberts looks at how Mifid II has hit multi-manager funds following Money Marketing’s reporting on the true costs of the funds. Mifid II provides investors with greater clarity of charges. However, appreciating the difference between value and price is fundamental; of course price is important but […]

Peeling back the layers: The Mifid II effect on fund of fund fees

Firms that offer multi-manager funds have defended their strategies following mounting pressure on the industry in light of new cost disclosure rules. Concerns exist that multi-manager funds, which are by nature more expensive than single strategy funds, would have even higher costs when transaction fees are put under the spotlight.Money Marketing has analysed some of […]

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IA calls for ‘urgent’ review of Key Information Documents

The Investment Association has called for an “urgent” review new Key Information Documents issued to investors. Since January 1, Priips legislation has meant advisers now have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. Yesterday, however, the FCA gave advisers licence to go further […]

Boutique asset manager wins back £200 million flows after managers exit

Boutique asset manager Miton Group has recouped the nearly £200m lost from its equity funds seen 2016, when it lost two star fund managers to a rival. For 2017, the group saw £494m net inflows, up from just £1m inflows seen in 2016. Equity funds in particular saw inflows of £361m, while multi-asset strategies gathered […]

Jupiter Merlin portfolios hit by £223m outflows

Jupiter Fund Management’s £7.5bn multi-manager range, Merlin, suffered £223.8m net outflows in Q4, according to data from Morningstar, in the face of increasing competition and a spotlight on fees. Money Marketing sourced data from Morningstar on the Merlin portfolios following a trading update from Jupiter this week, which revealed the range continues to be one […]

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Jupiter inflows jump five-fold despite hit to Merlin range

Jupiter Fund Management inflows increased five-fold in 2017, despite outflows from the Merlin portfolios, a trading update published this morning shows. The quarterly update revealed net inflows to 31 December were £600m taking 2017 total inflows to £5.5bn. That compares to £1bn net inflows in 2016. Mutual funds attracted £458m over the quarter, taking AUM […]

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Liontrust builds out bonds team as assets pass £10bn

Liontrust Asset Management has announced it has poached Baillie Gifford fixed income manager Donald Phillips as assets under management climb past £10bn. The boutique asset manager saw assets increase 9.5 per cent from the start of the quarter to £10.6bn at 31 December. Net inflows for the period were £571m, while total assets increased £916m […]