Multi manager

Fund pickers cut Aberdeen Standard Investments from portfolios

Fund selectors are reassessing or excluding Aberdeen Standard Investments funds in their portfolios, as questions remain around how the investment teams will pan out post-merger. Standard Life and Aberdeen Asset Management completed their £11bn mega-merger in August. At that time there were around 168 funds from the groups in the Investment Association sectors to be […]

Harrison-David-True Potential-2013
1

True Potential in-house fund range more than doubles to £4bn

True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]

Morningstar launches new model portfolio service

Morningstar has launched a new business unit for advisers looking to outsource fund selection or asset allocation in a post-Mifid II world, including a new model portfolio service. Morningstar says its new unit, called Manager Selection Services, offers three services designed to help clients cope with tougher regulatory and governance pressures. The offer includes: Model […]

Openwork renews deal with Newcastle Financial Advisers

Openwork has renewed a tie-up with Newcastle Financial Advisers for a further five years. Openwork, then called Zurich Advice Network, joined with Newcastle Financial Advisers, a subsidiary of Newcastle Building Society, in 2003. It then extended the contract in 2013. Newcastle Financial Advisers currently has 26 advisers. According to Openwork, it has been the network’s largest investment […]

Meet the manager: Jupiter’s Chatfeild-Roberts on youthful enthusiasm versus experience

Jupiter’s fund-of-funds veteran explains his choice of manager to replace Woodford in his portfolios “In a raging bull market, young fund managers can often generate stellar performance but, on balance, experience trumps youthful enthusiasm.” So wrote John Chatfeild-Roberts in his 2006 book, Fundology. Twelve years later, Jupiter Merlin’s head of strategy on independent funds says […]

1

Fund figures show decline in platforms’ dominance

Platforms’ retail distribution dominance has declined in the past year, according to the latest Investment Association figures. In January, intermediaries including IFAs and wealth managers made gross retail fund sales of £8.1bn, representing an increase in market share of nearly 10 percentage points year-on-year, to 35.7 per cent from 27.4 per cent in January 2017. […]

1

Scottish Widows sticks with Standard Life Aberdeen for retirement funds launch

Scottish Widows will continue to temporarily employ Aberdeen Standard Investments for its fund management business as it launches a new range of retirement funds. The company has built a variant of its existing pension portfolio fund range and is targeting investors in drawdown. It will keep Aberdeen Standard’s expertise to manage the passive bond part […]